Capital One Financial Corporation $COF is Qsemble Capital Management LP's 5th Largest Position

Key Points

• Qsemble Capital Management cut its Capital One position by 40.1% in the second quarter, leaving 37,997 shares worth approximately $7.6 million. Capital One remains Qsemble’s fifth-largest holding, representing 1.0% of its portfolio.
• Capital One reported quarterly EPS of $5.81, beating estimates by $1.02, while revenue rose 26.9% year over year to $15.83 billion. The company also declared a quarterly dividend of $0.80 per share, equal to a 1.4% annualized yield.
• Analysts maintain a “Moderate Buy” consensus, with 21 Buy ratings and three Holds and an average price target of $259.36. Meanwhile, insiders sold 22,186 shares worth about $4.7 million during the last quarter.

Qsemble Capital Management LP cut its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 40.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,997 shares of the financial services provider's stock after selling 25,415 shares during the period. Capital One Financial accounts for 1.0% of Qsemble Capital Management LP's holdings, making the stock its 5th biggest holding. Qsemble Capital Management LP's holdings in Capital One Financial were worth $7,623,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Brighton Jones LLC raised its position 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 acquiring an additional 10,428 shares in the last quarter. Intech Investment Management LLC grew its stake in Capital One Financial by 44.3% in the first quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider's stock valued at $1,608,000 after purchasing an additional 2,753 shares during the last quarter. Sivia Capital Partners LLC grew its stake in Capital One Financial by 118.3% in the second quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider's stock valued at $702,000 after purchasing an additional 1,788 shares during the last quarter. Flow Traders U.S. LLC bought a new position in Capital One Financial in the second quarter worth about $218,000. Finally, Jump Financial LLC purchased a new stake in shares of Capital One Financial during the second quarter valued at about $1,086,000. Institutional investors own 89.84% of the company's stock.

Capital One Financial Stock Up 1.5%

Shares of COF stock opened at $227.19 on Friday. The stock has a 50 day moving average of $204.93 and a 200 day moving average of $198.21. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The stock has a market cap of $139.38 billion, a P/E ratio of 14.06, a P/E/G ratio of 0.82 and a beta of 1.02. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.79 by $1.02. The company had revenue of $15.83 billion for the quarter, compared to the consensus estimate of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.Capital One Financial's revenue for the quarter was up 26.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.48 earnings per share. As a group, sell-side analysts expect that Capital One Financial Corporation will post 20.19 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.4%. Capital One Financial's dividend payout ratio (DPR) is currently 19.80%.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Ravi Raghu sold 9,726 shares of the stock in a transaction on Friday, July 31st. The shares were sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the transaction, the insider directly owned 26,328 shares of the company's stock, valued at $5,523,087.84. This trade represents a 26.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Timothy P. Golden sold 3,487 shares of Capital One Financial stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total transaction of $735,757.00. Following the completion of the sale, the chief accounting officer owned 7,429 shares in the company, valued at approximately $1,567,519. This trade represents a 31.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 22,186 shares of company stock worth $4,697,301 in the last quarter. 0.78% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on COF. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Capital One Financial from $256.00 to $250.00 and set a "hold" rating on the stock in a research report on Wednesday, April 22nd. Truist Financial cut their price target on shares of Capital One Financial from $275.00 to $255.00 and set a "buy" rating on the stock in a report on Thursday, April 23rd. TD Cowen reduced their price target on Capital One Financial from $260.00 to $253.00 and set a "buy" rating on the stock in a research report on Tuesday, July 7th. HSBC upgraded Capital One Financial from a "hold" rating to a "buy" rating and increased their price objective for the company from $226.00 to $229.00 in a report on Sunday, July 12th. Finally, JPMorgan Chase & Co. boosted their target price on Capital One Financial from $215.00 to $245.00 and gave the stock an "overweight" rating in a research note on Monday, July 13th. Twenty-one equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Capital One Financial has a consensus rating of "Moderate Buy" and a consensus price target of $259.36.

About Capital One Financial

Capital One Financial Corporation NYSE: COF is a diversified bank holding company headquartered in McLean, Virginia. The company's core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.

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