Capital One Financial Corporation $COF Shares Sold by Artemis Investment Management LLP

Key Points

• Artemis Investment Management cut its Capital One stake by 44.5% in the third quarter, selling 55,486 shares and retaining 69,120 shares valued at approximately $13.3 million.
• Institutional investors own 89.84% of Capital One, with State Street more than doubling its position and other major firms—including BlackRock, Wellington Management, and Bank of New York Mellon—also increasing holdings.
• Capital One reported quarterly EPS of $5.81, exceeding estimates of $4.79, while revenue rose 26.9% year over year to $15.83 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $257.77, and the company pays a quarterly dividend of $0.80 per share.

Artemis Investment Management LLP lessened its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 44.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 69,120 shares of the financial services provider's stock after selling 55,486 shares during the period. Artemis Investment Management LLP's holdings in Capital One Financial were worth $13,345,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of COF. State Street Corp raised its stake in shares of Capital One Financial by 107.9% during the second quarter. State Street Corp now owns 57,278,732 shares of the financial services provider's stock worth $11,491,259,000 after purchasing an additional 29,724,829 shares during the last quarter. BlackRock Inc. grew its position in Capital One Financial by 0.5% during the second quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider's stock worth $10,242,628,000 after buying an additional 236,643 shares during the period. Bank of America Corp DE purchased a new position in Capital One Financial in the 2nd quarter valued at approximately $1,435,311,000. Wellington Management Group LLP raised its stake in shares of Capital One Financial by 36.2% during the 2nd quarter. Wellington Management Group LLP now owns 7,108,112 shares of the financial services provider's stock worth $1,426,029,000 after buying an additional 1,887,497 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Capital One Financial by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 5,621,240 shares of the financial services provider's stock worth $1,127,733,000 after acquiring an additional 187,532 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Stock Performance

Shares of COF stock opened at $199.32 on Friday. The stock's fifty day simple moving average is $210.37 and its 200-day simple moving average is $199.66. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $122.28 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 0.72 and a beta of 1.04. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating analysts' consensus estimates of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The firm had revenue of $15.83 billion for the quarter, compared to the consensus estimate of $15.76 billion. During the same period in the previous year, the firm posted $5.48 earnings per share. The firm's revenue was up 26.9% on a year-over-year basis. On average, sell-side analysts predict that Capital One Financial Corporation will post 20.33 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, August 17th. Capital One Financial's dividend payout ratio (DPR) is presently 19.80%.

Wall Street Analysts Forecast Growth

COF has been the topic of several recent research reports. Weiss Ratings downgraded Capital One Financial from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday. BTIG Research increased their target price on Capital One Financial from $224.00 to $259.00 and gave the stock a "buy" rating in a research report on Tuesday, June 30th. Citigroup reduced their price target on shares of Capital One Financial from $295.00 to $280.00 and set a "buy" rating on the stock in a research report on Tuesday, September 29th. JPMorgan Chase & Co. upped their target price on Capital One Financial from $215.00 to $245.00 and gave the stock an "overweight" rating in a research report on Monday, July 13th. Finally, Piper Sandler lifted their price target on shares of Capital One Financial from $254.00 to $260.00 and gave the stock an "overweight" rating in a research note on Monday, September 28th. Twenty investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Capital One Financial has an average rating of "Moderate Buy" and an average target price of $257.77.

Insider Activity

In related news, insider Lia Dean sold 2,193 shares of the business's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $225.52, for a total value of $494,565.36. Following the sale, the insider owned 63,261 shares of the company's stock, valued at $14,266,620.72. The trade was a 3.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 the business's 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 transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 33,850 shares of company stock valued at $7,167,152. 0.78% of the stock is owned by company insiders.

Capital One Financial Profile

Capital One Financial Corp. is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company provides credit cards, consumer banking products, auto financing and commercial banking services through its Capital One brand.

Capital One offers credit cards for consumers and businesses, checking and savings accounts, certificates of deposit, personal loans and auto loans. Its commercial banking operations serve businesses, institutions and commercial real estate clients with lending, deposit, treasury management and other financial services.

Capital One primarily serves customers in the United States, with additional operations in Canada and the United Kingdom.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.