OLD National Bancorp IN Sells 16,594 Shares of Capital One Financial Co. (NYSE:COF)

OLD National Bancorp IN reduced its holdings in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 12.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,493 shares of the financial services provider's stock after selling 16,594 shares during the quarter. OLD National Bancorp IN's holdings in Capital One Financial were worth $20,887,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of COF. Brighton Jones LLC grew its position in shares of Capital One Financial by 330.1% in the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock valued at $2,423,000 after purchasing an additional 10,428 shares in the last quarter. Bleakley Financial Group LLC grew its position in Capital One Financial by 4.9% during the fourth quarter. Bleakley Financial Group LLC now owns 7,789 shares of the financial services provider's stock worth $1,389,000 after buying an additional 367 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in Capital One Financial during the fourth quarter worth about $6,328,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Capital One Financial by 4.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,174 shares of the financial services provider's stock worth $8,234,000 after buying an additional 2,006 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in Capital One Financial during the fourth quarter worth about $105,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Capital One Financial

In other news, insider Michael Zamsky sold 9,560 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $199.40, for a total value of $1,906,264.00. Following the completion of the transaction, the insider now owns 20,089 shares of the company's stock, valued at approximately $4,005,746.60. This represents a 32.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the completion of the transaction, the director now directly owns 56,244 shares of the company's stock, valued at $11,175,682.80. This represents a 2.86% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

COF has been the subject of several recent analyst reports. Citigroup reduced their target price on Capital One Financial from $245.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Robert W. Baird upgraded Capital One Financial from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $190.00 to $200.00 in a report on Tuesday, March 11th. Royal Bank of Canada set a $190.00 price objective on Capital One Financial and gave the stock a "sector perform" rating in a report on Monday, April 14th. Truist Financial upped their price objective on Capital One Financial from $215.00 to $225.00 and gave the stock a "buy" rating in a report on Friday, April 25th. Finally, Evercore ISI upgraded Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 price objective for the company in a report on Wednesday, March 12th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $210.64.

Capital One Financial Trading Up 3.3%

Shares of NYSE COF traded up $6.27 during midday trading on Friday, reaching $198.27. The company had a trading volume of 3,450,699 shares, compared to its average volume of 3,511,132. Capital One Financial Co. has a one year low of $128.23 and a one year high of $210.67. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm's fifty day moving average price is $180.76 and its 200-day moving average price is $185.05. The stock has a market cap of $75.96 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 1.19 and a beta of 1.13.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, beating analysts' consensus estimates of $3.75 by $0.31. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.07 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. On average, equities research analysts anticipate that Capital One Financial Co. 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 was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Friday, May 23rd. Capital One Financial's payout ratio is 20.15%.

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.