Ameritas Advisory Services LLC Sells 6,026 Shares of Capital One Financial Corporation $COF

Key Points

• Ameritas Advisory Services cut its Capital One stake by 65.6% in the second quarter, selling 6,026 shares and retaining 3,159 shares worth approximately $634,000. Institutional investors and hedge funds collectively own 89.84% of COF.
• Analysts remain broadly positive, with 21 Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $258.91.
• Capital One exceeded quarterly expectations with adjusted earnings of $5.81 per share versus the $4.79 consensus, while revenue rose 26.9% year over year to $15.83 billion. The company also paid a quarterly dividend of $0.80 per share, equivalent to a 1.5% annual yield.

Ameritas Advisory Services LLC trimmed its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 65.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,159 shares of the financial services provider's stock after selling 6,026 shares during the period. Ameritas Advisory Services LLC's holdings in Capital One Financial were worth $634,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of COF. Brighton Jones LLC raised its stake in Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock worth $2,423,000 after buying an additional 10,428 shares during the period. Intech Investment Management LLC grew its stake in Capital One Financial by 44.3% in the first quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider's stock valued at $1,608,000 after acquiring an additional 2,753 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of Capital One Financial by 118.3% during the second quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider's stock valued at $702,000 after acquiring an additional 1,788 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in shares of Capital One Financial during the second quarter worth approximately $218,000. Finally, Jump Financial LLC bought a new position in shares of Capital One Financial in the 2nd quarter worth $1,086,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wolfe Research boosted their price target on shares of Capital One Financial from $255.00 to $275.00 and gave the company an "outperform" rating in a research note on Tuesday, August 25th. JPMorgan Chase & Co. boosted their target price on shares of Capital One Financial from $215.00 to $245.00 and gave the stock an "overweight" rating in a research report on Monday, July 13th. Piper Sandler started coverage on shares of Capital One Financial in a report on Monday, June 29th. They issued an "overweight" rating and a $254.00 target price on the stock. Bank of America cut their price target on Capital One Financial from $234.00 to $231.00 and set a "buy" rating for the company in a research note on Thursday, July 9th. Finally, UBS Group increased their price objective on Capital One Financial from $275.00 to $280.00 and gave the stock a "buy" rating in a research note on Monday, August 3rd. Twenty-one investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $258.91.

Insider Buying and Selling

In related news, insider Lia Dean sold 2,193 shares of the company's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $225.52, for a total transaction of $494,565.36. Following the sale, the insider directly owned 63,261 shares in the company, valued at approximately $14,266,620.72. This represents a 3.35% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew Cooper sold 3,500 shares of the firm's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $214.10, for a total transaction of $749,350.00. Following the completion of the transaction, the general counsel directly owned 83,194 shares of the company's stock, valued at approximately $17,811,835.40. This trade represents a 4.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 29,767 shares of company stock valued at $6,366,998. Corporate insiders own 0.78% of the company's stock.

Capital One Financial Stock Up 0.6%

Shares of NYSE COF opened at $208.29 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $127.78 billion, a PE ratio of 12.89, a P/E/G ratio of 0.77 and a beta of 1.02. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64. The business's fifty day moving average price is $212.66 and its 200-day moving average price is $198.22.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping the consensus estimate of $4.79 by $1.02. The company had revenue of $15.83 billion during the quarter, compared to analyst estimates of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The firm's revenue for the quarter was up 26.9% on a year-over-year basis. During the same quarter last year, the firm posted $5.48 EPS. On average, equities research analysts anticipate that Capital One Financial Corporation will post 20.29 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were given a $0.80 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. Capital One Financial's payout ratio is 19.80%.

Capital One Financial Profile

Capital One Financial Corporation NYSE: COF is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company initially built its business as a credit card issuer and has since expanded into consumer banking, commercial banking and payments.

Capital One offers a range of credit card products for consumers and businesses, along with deposit accounts, savings products, auto loans and other consumer lending services. Through its commercial banking operations, the company provides financing, treasury management and related services to commercial real estate clients, middle-market companies and other businesses.

Capital One primarily serves customers in the United States, with additional operations and financial services activities in Canada and the United Kingdom.

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