Capital One Financial Corporation (NYSE:COF) Shares Sold by Callan Family Office LLC

Key Points

• Callan Family Office LLC has decreased its stake in Capital One Financial Corporation by 31.9% during the first quarter, owning 16,113 shares valued at approximately $2.89 million.
• Capital One Financial reported a $5.48 EPS for its latest quarter, significantly surpassing the consensus estimate of $1.93, while its revenue increased 31.4% year-over-year.
• The company declared a quarterly dividend of $0.60 per share, with a current dividend yield of 1.2% and a payout ratio of 123.08%.

Callan Family Office LLC lessened its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 31.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,113 shares of the financial services provider's stock after selling 7,556 shares during the period. Callan Family Office LLC's holdings in Capital One Financial were worth $2,889,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Beacon Capital Management LLC boosted its position in Capital One Financial by 118.3% during the first 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 last quarter. Motco boosted its position in Capital One Financial by 115.1% during the first quarter. Motco now owns 256 shares of the financial services provider's stock worth $46,000 after acquiring an additional 137 shares during the last quarter. Bogart Wealth LLC boosted its position in Capital One Financial by 1,518.8% during the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock worth $46,000 after acquiring an additional 243 shares during the last quarter. Rossby Financial LCC acquired a new stake in Capital One Financial during the first quarter worth approximately $48,000. Finally, Bernard Wealth Management Corp. acquired a new stake in Capital One Financial during the first quarter worth approximately $54,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Capital One Financial Stock Down 2.5%

Capital One Financial stock traded down $5.60 during midday trading on Friday, hitting $215.48. 4,463,545 shares of the stock were exchanged, compared to its average volume of 4,160,972. Capital One Financial Corporation has a 1 year low of $131.55 and a 1 year high of $232.45. The firm has a market cap of $137.80 billion, a P/E ratio of 110.50, a P/E/G ratio of 0.86 and a beta of 1.16. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The company has a 50 day moving average price of $211.17 and a two-hundred day moving average price of $193.72.

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

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. Capital One Financial's payout ratio is presently 123.08%.

Insider Transactions at Capital One Financial

In other news, CAO Timothy P. Golden sold 3,462 shares of the business's 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 sale, the chief accounting officer owned 8,987 shares of the company's stock, valued at approximately $1,889,786.36. The trade was a 27.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were 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 represents a 12.83% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,091 shares of company stock valued at $4,188,454. Insiders own 1.26% of the company's stock.

Wall Street Analyst Weigh In

COF has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods increased their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Rothschild & Co Redburn started coverage on shares of Capital One Financial in a report on Friday, August 1st. They issued a "buy" rating and a $290.00 price target on the stock. Royal Bank Of Canada lifted 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. JPMorgan Chase & Co. lifted their price target on shares of Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Finally, Citigroup lifted their price target on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $238.81.

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.