Baird Financial Group Inc. Sells 1,584 Shares of Capital One Financial Corporation $COF

Key Points

• Baird Financial Group Inc. reduced its holdings in Capital One Financial by 2.1%, representing a decrease of 1,584 shares, bringing their total to 72,603 shares valued at approximately $13 million.
• Capital One Financial's stock recently opened at $223.33, showing a 1.7% decline and maintaining a market capitalization of $142.83 billion.
• Analysts have upgraded price targets for Capital One Financial, with Citigroup raising their target to $275, while the company reported a quarterly EPS of $5.48, significantly beating expectations.

Baird Financial Group Inc. lessened its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 2.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,603 shares of the financial services provider's stock after selling 1,584 shares during the period. Baird Financial Group Inc.'s holdings in Capital One Financial were worth $13,018,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of COF. Brighton Jones LLC raised its stake in shares of Capital One Financial by 330.1% in 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 in the last quarter. AXA S.A. raised its position in shares of Capital One Financial by 464.5% during the fourth quarter. AXA S.A. now owns 44,289 shares of the financial services provider's stock worth $7,898,000 after purchasing an additional 36,443 shares during the period. Aptus Capital Advisors LLC raised its position in shares of Capital One Financial by 4.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 5,665 shares of the financial services provider's stock worth $1,010,000 after purchasing an additional 239 shares during the period. Cary Street Partners Financial LLC acquired a new stake in shares of Capital One Financial during the fourth quarter worth $1,190,000. Finally, Cetera Investment Advisers raised its position in shares of Capital One Financial by 11.5% during the fourth quarter. Cetera Investment Advisers now owns 58,593 shares of the financial services provider's stock worth $10,448,000 after purchasing an additional 6,044 shares during the period. Institutional investors own 89.84% of the company's stock.

Insider Buying and Selling

In other news, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction dated 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 sale, the insider owned 68,707 shares in the company, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the sale, the insider owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,298 shares of company stock worth $4,679,844. Insiders own 1.26% of the company's stock.

Analysts Set New Price Targets

COF has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their target price on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Truist Financial boosted their target price on Capital One Financial from $225.00 to $260.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Rothschild & Co Redburn assumed coverage on Capital One Financial in a research report on Friday, August 1st. They set a "buy" rating and a $290.00 price target on the stock. Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Finally, Citigroup upped their price target on Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Capital One Financial currently has an average rating of "Moderate Buy" and a consensus price target of $238.81.

Capital One Financial Stock Down 2.0%

NYSE COF traded down $4.60 on Friday, reaching $221.72. The stock had a trading volume of 3,840,767 shares, compared to its average volume of 2,985,290. The business has a 50 day moving average price of $217.39 and a 200 day moving average price of $195.67. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 1 year low of $131.55 and a 1 year high of $232.45. The company has a market capitalization of $141.79 billion, a price-to-earnings ratio of 113.70, a P/E/G ratio of 0.87 and a beta of 1.17.

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

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid 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 was Friday, August 15th. Capital One Financial's dividend payout ratio is 123.08%.

Capital One Financial 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.