Azora Capital LP Sells 111,555 Shares of Capital One Financial Corporation $COF

Key Points

• Azora Capital LP reduced its stake in Capital One Financial Corporation by 73.1%, selling 111,555 shares to end up with 40,976 shares worth $7,347,000.
• Equities analysts have raised their price targets for Capital One, with recommendations including an "overweight" rating from Wells Fargo and an upgraded "buy" rating from TD Cowen.
• Capital One recently announced a dividend of $0.60 per share, translating to an annualized dividend yield of 1.1%, with a payout ratio currently at 123.08%.

Azora Capital LP cut its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 73.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,976 shares of the financial services provider's stock after selling 111,555 shares during the period. Azora Capital LP's holdings in Capital One Financial were worth $7,347,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. WPG Advisers LLC bought a new stake in Capital One Financial during the first quarter worth approximately $25,000. Beacon Capital Management LLC lifted its position in shares of Capital One Financial by 118.3% in the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 97 shares in the last quarter. Motco lifted its position in Capital One Financial by 115.1% in the 1st quarter. Motco now owns 256 shares of the financial services provider's stock worth $46,000 after buying an additional 137 shares in the last quarter. Bogart Wealth LLC lifted its position in Capital One Financial by 1,518.8% in the 1st quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock worth $46,000 after buying an additional 243 shares in the last quarter. Finally, Rossby Financial LCC purchased a new stake in Capital One Financial in the 1st quarter worth approximately $48,000. 89.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Michael Zamsky sold 5,515 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the sale, the insider directly owned 27,364 shares of the company's stock, valued at $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction that occurred 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 sale, the insider directly owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,298 shares of company stock valued at $4,233,044 over the last ninety days. Insiders own 1.26% of the company's stock.

Capital One Financial Price Performance

Shares of NYSE COF traded down $3.89 during trading on Tuesday, reaching $223.33. The company had a trading volume of 3,470,726 shares, compared to its average volume of 4,369,217. Capital One Financial Corporation has a 52 week low of $131.55 and a 52 week high of $232.45. The stock has a market cap of $142.83 billion, a PE ratio of 114.53, a PEG ratio of 0.89 and a beta of 1.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The business's 50 day moving average price is $216.27 and its 200-day moving average price is $195.10.

Capital One Financial (NYSE:COF - Get Free Report) last announced 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 company had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. During the same period in the prior year, the firm posted $3.14 earnings per share. The company's revenue was up 31.4% on a year-over-year basis. Analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on COF shares. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Royal Bank Of Canada raised their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Truist Financial raised their price target on shares of Capital One Financial from $225.00 to $260.00 and gave the company a "buy" rating in a report on Monday, July 28th. Barclays restated an "overweight" rating and set a $253.00 price target (up previously from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Finally, Keefe, Bruyette & Woods raised their target price 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. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Capital One Financial has a consensus rating of "Moderate Buy" and an average target price of $238.81.

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.