Capital One Financial Corporation $COF is Abrams Bison Investments LLC's 5th Largest Position

Key Points

• Abrams Bison Investments LLC reduced its stake in Capital One Financial by 4.3%, making it the firm's 5th largest position in its portfolio.
• Research analysts have updated their price targets for Capital One Financial, with Citigroup raising their target from $250 to $275 and JPMorgan increasing it from $245 to $248.
• Capital One Financial declared a quarterly dividend of $0.60 per share, with a yield of 1.1%, and has a payout ratio of 123.08%.

Abrams Bison Investments LLC decreased its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 4.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 534,000 shares of the financial services provider's stock after selling 24,000 shares during the period. Capital One Financial comprises 10.4% of Abrams Bison Investments LLC's investment portfolio, making the stock its 5th biggest position. Abrams Bison Investments LLC owned approximately 0.14% of Capital One Financial worth $95,746,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TFB Advisors LLC increased its holdings in Capital One Financial by 3.4% in the first quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider's stock valued at $276,000 after buying an additional 51 shares in the last quarter. Opal Wealth Advisors LLC increased its holdings in Capital One Financial by 3.1% in 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 in the last quarter. MAI Capital Management increased 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 valued at $1,546,000 after buying an additional 64 shares in the last quarter. Y.D. More Investments Ltd increased 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 valued at $97,000 after buying an additional 66 shares in the last quarter. Finally, Aspiriant LLC increased its holdings in Capital One Financial by 2.4% in the first quarter. Aspiriant LLC now owns 2,911 shares of the financial services provider's stock valued at $522,000 after buying an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price objective 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. Barclays reaffirmed an "overweight" rating and issued a $253.00 price objective (up previously from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Citigroup lifted their target price on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Rothschild & Co Redburn started coverage on shares of Capital One Financial in a research report on Friday, August 1st. They issued a "buy" rating and a $290.00 target price on the stock. Finally, Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $238.81.

Insider Buying and Selling

In related news, 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 transaction, the insider directly owned 68,707 shares in the company, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Timothy P. Golden sold 3,462 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the transaction, the chief accounting officer owned 8,987 shares in the company, valued at $1,889,786.36. The trade was a 27.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,298 shares of company stock worth $4,233,044. 1.26% of the stock is owned by insiders.

Capital One Financial Stock Up 0.1%

Shares of NYSE COF opened at $227.43 on Monday. The company's 50-day simple moving average is $215.76 and its 200-day simple moving average is $194.93. Capital One Financial Corporation has a 52-week low of $131.55 and a 52-week high of $232.45. The firm has a market cap of $145.44 billion, a price-to-earnings ratio of 116.63, a price-to-earnings-growth ratio of 0.89 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 posted its quarterly 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 business had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. The business's revenue was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.14 earnings per share. Equities analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal 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 given a dividend of $0.60 per share. The ex-dividend date is Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. Capital One Financial's payout ratio is presently 123.08%.

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.

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