Capital One Financial Corporation $COF Shares Sold by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. lessened its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 2.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 85,784 shares of the financial services provider's stock after selling 2,391 shares during the quarter. Farmers & Merchants Investments Inc.'s holdings in Capital One Financial were worth $18,251,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in COF. 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 buying an additional 10,428 shares during the period. State of Wyoming acquired a new stake in shares of Capital One Financial during the fourth quarter valued at about $187,000. Woodline Partners LP acquired a new position in Capital One Financial in the fourth quarter worth about $4,085,000. Waverly Advisors LLC acquired a new position in Capital One Financial in the fourth quarter worth about $347,000. Finally, Focus Partners Advisor Solutions LLC bought a new position in Capital One Financial in the fourth quarter worth about $250,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction that occurred on 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 sale, the insider directly owned 68,707 shares of the company's stock, valued at $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Timothy P. Golden sold 207 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total transaction of $44,589.87. Following the completion of the transaction, the chief accounting officer owned 8,780 shares in the company, valued at $1,891,299.80. This represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,298 shares of company stock valued at $4,679,844 over the last three months. 1.26% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Citigroup raised their target price on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Royal Bank Of Canada raised their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 23rd. TD Cowen raised shares of Capital One Financial from a "hold" rating to a "buy" rating and raised their target price for the stock from $184.00 to $258.00 in a report on Tuesday, July 8th. Wells Fargo & Company raised their target price on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Finally, Rothschild & Co Redburn started coverage on Capital One Financial in a report on Friday, August 1st. They set a "buy" rating and a $290.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $239.44.

Capital One Financial Stock Performance

NYSE:COF opened at $228.13 on Monday. The firm's 50-day moving average is $218.68 and its 200-day moving average is $197.82. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week 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. The company has a market cap of $145.89 billion, a price-to-earnings ratio of 116.99, a PEG ratio of 0.88 and a beta of 1.17.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. The business's revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.14 EPS. Equities research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

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