Ascent Group LLC Sells 3,783 Shares of Capital One Financial Corporation $COF

Key Points

• Ascent Group LLC reduced its stake in Capital One Financial by 17.5%, selling 3,783 shares and now holding a total of 17,876 shares valued at approximately $3.2 million.
• Several institutional investors are increasing their stakes in Capital One, with notable purchases including Diamond Hill Capital Management acquiring about $381.8 million worth of shares in the first quarter.
• Capital One Financial has been rated with a consensus target price of $238.81, with three analysts recommending a strong buy, indicating positive expectations for the company's future performance.

Ascent Group LLC decreased its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 17.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,876 shares of the financial services provider's stock after selling 3,783 shares during the quarter. Ascent Group LLC's holdings in Capital One Financial were worth $3,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of COF. TFB Advisors LLC lifted its holdings in shares of Capital One Financial by 3.4% during the first quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider's stock valued at $276,000 after purchasing an additional 51 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in Capital One Financial by 0.9% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,117 shares of the financial services provider's stock valued at $1,097,000 after buying an additional 53 shares in the last quarter. Opal Wealth Advisors LLC raised its stake in Capital One Financial by 3.1% during the first quarter. Opal Wealth Advisors LLC now owns 2,155 shares of the financial services provider's stock valued at $386,000 after buying an additional 64 shares during the last quarter. MAI Capital Management boosted its holdings in Capital One Financial by 0.7% in the first quarter. MAI Capital Management now owns 8,622 shares of the financial services provider's stock worth $1,546,000 after acquiring an additional 64 shares in the last quarter. Finally, Y.D. More Investments Ltd boosted its holdings in Capital One Financial by 13.9% in the first quarter. Y.D. More Investments Ltd now owns 540 shares of the financial services provider's stock worth $97,000 after acquiring an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Capital One Financial Stock Performance

Shares of NYSE COF traded down $0.76 during trading on Friday, reaching $223.59. 2,153,601 shares of the company traded hands, compared to its average volume of 4,303,866. The firm has a 50 day simple moving average of $217.84 and a 200-day simple moving average of $196.29. Capital One Financial Corporation has a 52-week low of $137.64 and a 52-week high of $232.45. The stock has a market capitalization of $142.99 billion, a PE ratio of 114.66, a P/E/G ratio of 0.87 and a beta of 1.17. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47.

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

Capital One Financial Announces Dividend

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

Analyst Ratings Changes

COF has been the subject of several analyst reports. Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Keefe, Bruyette & Woods raised their price objective on shares of Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their target price on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a report on Friday, August 1st. They set a "buy" rating and a $290.00 price target on the stock. Finally, Barclays reissued an "overweight" rating and set a $253.00 price target (up previously from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $239.44.

Insider Transactions at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total value of $446,800.00. Following the completion of the sale, the general counsel owned 100,486 shares of the company's stock, valued at $22,448,572.40. The trade was a 1.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Timothy P. Golden sold 3,462 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total value of $727,989.36. Following the completion of the transaction, the chief accounting officer directly owned 8,987 shares in the company, valued at approximately $1,889,786.36. This represents a 27.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,298 shares of company stock valued at $4,679,844 over the last 90 days. 1.26% of the stock is owned by corporate insiders.

Capital One Financial Company Profile

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.