Amundi Has $120.95 Million Holdings in Capital One Financial Corporation $COF

Key Points

• Amundi has reduced its stake in Capital One Financial by 23.8%, selling 230,435 shares, leaving it with a total of 737,298 shares valued at approximately $120.9 million.
• Insider sales included Robert M. Alexander offloading 10,114 shares for over $2.3 million, representing a 12.83% decrease in his ownership.
• Capital One recently reported a substantial earnings per share (EPS) of $5.48, significantly outperforming estimates and indicating a 31.4% year-over-year revenue growth.

Amundi cut its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 23.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 737,298 shares of the financial services provider's stock after selling 230,435 shares during the period. Amundi owned approximately 0.19% of Capital One Financial worth $120,946,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of COF. WPG Advisers LLC bought a new stake in Capital One Financial during the first quarter worth about $25,000. Saudi Central Bank bought a new stake in shares of Capital One Financial during the 1st quarter worth approximately $27,000. Beacon Capital Management LLC lifted its holdings in shares of Capital One Financial by 118.3% during the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after acquiring an additional 97 shares during the period. Bogart Wealth LLC boosted its position in shares of Capital One Financial by 1,518.8% during the 1st quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock worth $46,000 after acquiring an additional 243 shares in the last quarter. Finally, Motco increased its stake in Capital One Financial by 115.1% in the first quarter. Motco now owns 256 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 137 shares during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wall Street Zen cut Capital One Financial from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. lifted their target price on Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. TD Cowen raised shares of Capital One Financial from a "hold" rating to a "buy" rating and increased their target price for the stock from $184.00 to $258.00 in a report on Tuesday, July 8th. Barclays restated an "overweight" rating and issued a $253.00 price target (up from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Finally, Wells Fargo & Company upped their price objective on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Capital One Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $238.81.

Capital One Financial Trading Up 0.3%

NYSE COF traded up $0.71 during trading hours on Wednesday, reaching $223.19. The company's stock had a trading volume of 1,827,717 shares, compared to its average volume of 4,323,422. The firm has a fifty day simple moving average of $217.68 and a 200-day simple moving average of $195.92. The stock has a market cap of $142.73 billion, a P/E ratio of 114.45, a P/E/G ratio of 0.86 and a beta of 1.17. Capital One Financial Corporation has a 52 week low of $132.61 and a 52 week high of $232.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. During the same period in the previous year, the firm earned $3.14 earnings per share. The company's revenue was up 31.4% compared to the same quarter last year. Equities analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. Capital One Financial's payout ratio is currently 123.08%.

Insider Buying and Selling

In related news, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the transaction, the insider directly owned 68,707 shares of the company's stock, valued at $15,655,577.02. This trade represents a 12.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total value of $446,800.00. Following the transaction, the general counsel directly owned 100,486 shares in the company, valued at $22,448,572.40. The trade was a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,298 shares of company stock valued at $4,679,844. Company insiders own 1.26% of the company's stock.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.