Capital One Financial Corporation $COF Shares Sold by Eminence Capital LP

Key Points

• Eminence Capital LP reduced its stake in Capital One Financial by 10.0%, now holding approximately 801,742 shares valued at $143.75 million, making it the 22nd largest holding in their portfolio.
• Capital One Financial has received upgrades from multiple analysts, with price targets raised significantly, including a new target of $290.00 from Rothschild & Co Redburn, indicating strong market confidence.
• The company recently announced a $0.60 dividend per share, with a dividend yield of 1.1%, despite a payout ratio of 123.08% indicating high returns to shareholders relative to its earnings.

Eminence Capital LP lessened its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 10.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 801,742 shares of the financial services provider's stock after selling 89,510 shares during the quarter. Capital One Financial comprises approximately 2.4% of Eminence Capital LP's portfolio, making the stock its 22nd biggest position. Eminence Capital LP owned about 0.21% of Capital One Financial worth $143,752,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of COF. Brighton Jones LLC raised its stake in shares of Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock worth $2,423,000 after purchasing an additional 10,428 shares during the last quarter. Aptus Capital Advisors LLC raised its stake in shares of Capital One Financial by 4.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 5,665 shares of the financial services provider's stock worth $1,010,000 after purchasing an additional 239 shares during the last quarter. Cary Street Partners Financial LLC purchased a new stake in shares of Capital One Financial during the fourth quarter worth approximately $1,190,000. Cetera Investment Advisers raised its stake in shares of Capital One Financial by 11.5% during the fourth quarter. Cetera Investment Advisers now owns 58,593 shares of the financial services provider's stock worth $10,448,000 after purchasing an additional 6,044 shares during the last quarter. Finally, Cornerstone Select Advisors LLC purchased a new stake in shares of Capital One Financial during the fourth quarter worth approximately $363,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Capital One Financial Price Performance

Capital One Financial stock traded down $1.59 during midday trading on Monday, reaching $219.94. 3,819,256 shares of the company were exchanged, compared to its average volume of 4,344,686. The company has a market capitalization of $140.66 billion, a price-to-earnings ratio of 112.79, a P/E/G ratio of 0.87 and a beta of 1.17. The firm's 50-day simple moving average is $217.39 and its 200-day simple moving average is $195.60. Capital One Financial Corporation has a 1 year low of $131.55 and a 1 year high of $232.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. The company's revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.14 EPS. On average, analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is currently 123.08%.

Insider Buying and Selling

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total transaction of $446,800.00. Following the completion of the sale, the general counsel owned 100,486 shares in the company, valued at approximately $22,448,572.40. This trade represents a 1.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the sale, the insider owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,298 shares of company stock worth $4,679,844. 1.26% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on COF shares. Royal Bank Of Canada upped their price target on Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Truist Financial increased their price objective on Capital One Financial from $225.00 to $260.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Wall Street Zen cut Capital One Financial from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Wells Fargo & Company increased their price objective on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $238.81.

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.