Capital One Financial Corporation $COF Shares Sold by IFP Advisors Inc

IFP Advisors Inc reduced its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 36.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,342 shares of the financial services provider's stock after selling 5,365 shares during the period. IFP Advisors Inc's holdings in Capital One Financial were worth $1,874,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. California State Teachers Retirement System lifted its holdings in Capital One Financial by 18,518.3% in the 2nd quarter. California State Teachers Retirement System now owns 172,667,214 shares of the financial services provider's stock valued at $34,640,496,000 after acquiring an additional 171,739,810 shares during the last quarter. BlackRock Inc. grew its stake in shares of Capital One Financial by 0.5% in the 2nd quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider's stock worth $10,242,628,000 after purchasing an additional 236,643 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Capital One Financial by 5.4% in the 4th quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider's stock worth $3,023,795,000 after purchasing an additional 638,158 shares during the last quarter. Morgan Stanley raised its holdings in shares of Capital One Financial by 3.9% in the 4th quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider's stock worth $2,103,196,000 after purchasing an additional 323,350 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Capital One Financial in the 4th quarter worth approximately $2,089,803,000. Institutional investors own 89.84% of the company's stock.

Capital One Financial Stock Performance

Shares of COF opened at $208.29 on Friday. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64. The company has a 50-day moving average of $212.66 and a two-hundred day moving average of $198.22. The stock has a market cap of $127.78 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 0.77 and a beta of 1.02. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping the consensus estimate of $4.79 by $1.02. The business had revenue of $15.83 billion for the quarter, compared to the consensus estimate of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The firm's quarterly revenue was up 26.9% compared to the same quarter last year. During the same period last year, the firm posted $5.48 earnings per share. On average, equities research analysts expect that Capital One Financial Corporation will post 20.29 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, August 17th. Capital One Financial's payout ratio is 19.80%.

Insider Activity at Capital One Financial

In other news, insider Lia Dean sold 2,193 shares of Capital One Financial stock in a transaction on Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $494,565.36. Following the transaction, the insider owned 63,261 shares in the company, valued at approximately $14,266,620.72. The trade was a 3.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Raghu sold 9,726 shares of Capital One Financial stock in a transaction on Friday, July 31st. The shares were sold at an average price of $209.78, for a total value of $2,040,320.28. Following the transaction, the insider owned 26,328 shares in the company, valued at $5,523,087.84. This represents a 26.98% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 29,767 shares of company stock worth $6,366,998. Insiders own 0.78% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on COF shares. Weiss Ratings raised shares of Capital One Financial from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 13th. Wolfe Research lifted their price target on shares of Capital One Financial from $255.00 to $275.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 25th. Wall Street Zen cut Capital One Financial from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Citigroup cut their price objective on Capital One Financial from $310.00 to $295.00 and set a "buy" rating for the company in a research report on Tuesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft set a $245.00 price objective on Capital One Financial in a research note on Thursday, August 20th. Twenty-one investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Capital One Financial currently has a consensus rating of "Moderate Buy" and an average target price of $258.91.

Capital One Financial Company Profile

Capital One Financial Corporation NYSE: COF is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company initially built its business as a credit card issuer and has since expanded into consumer banking, commercial banking and payments.

Capital One offers a range of credit card products for consumers and businesses, along with deposit accounts, savings products, auto loans and other consumer lending services. Through its commercial banking operations, the company provides financing, treasury management and related services to commercial real estate clients, middle-market companies and other businesses.

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

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