Kestra Advisory Services LLC Sells 2,187 Shares of Capital One Financial Corporation $COF

Key Points

• Kestra Advisory Services LLC reduced its stake in Capital One Financial by 9.9% in the 1st quarter, holding 19,890 shares valued at $3.57 million after selling 2,187 shares.
• Several institutional investors have increased their stakes in Capital One, with Diamond Hill Capital Management acquiring $381.85 million worth of shares in the 1st quarter and Bank of New York Mellon increasing its holdings by 23.7%.
• Capital One Financial's recent earnings report showed EPS of $5.48, significantly surpassing analysts' expectations, while the company also declared a quarterly dividend of $0.60, translating to an annual yield of 1.1%.

Kestra Advisory Services LLC lowered its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 9.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,890 shares of the financial services provider's stock after selling 2,187 shares during the period. Kestra Advisory Services LLC's holdings in Capital One Financial were worth $3,566,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Diamond Hill Capital Management Inc. purchased a new stake in Capital One Financial in the first quarter worth $381,848,000. Bank of New York Mellon Corp boosted its holdings in shares of Capital One Financial by 23.7% in the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock worth $889,519,000 after acquiring an additional 950,415 shares during the period. Third Point LLC bought a new position in shares of Capital One Financial in the fourth quarter worth $164,946,000. Nuveen LLC bought a new position in shares of Capital One Financial in the first quarter worth $141,599,000. Finally, PointState Capital LP bought a new position in shares of Capital One Financial in the fourth quarter worth $139,997,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Trading Up 0.1%

Shares of COF traded up $0.29 during trading hours on Monday, hitting $227.43. The company had a trading volume of 2,551,623 shares, compared to its average volume of 3,154,554. The firm has a market cap of $145.44 billion, a P/E ratio of 116.63, a P/E/G ratio of 0.89 and a beta of 1.17. The stock's 50 day moving average price is $215.76 and its 200 day moving average price is $194.93. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 52-week low of $131.55 and a 52-week high of $232.45.

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

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be issued a $0.60 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. Capital One Financial's payout ratio is currently 123.08%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Royal Bank Of Canada raised their price target on Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 23rd. Wells Fargo & Company raised their price target on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. JPMorgan Chase & Co. raised their price target on Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Bank of America lifted their price objective on Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Finally, Citigroup lifted their price objective on Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. 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's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $238.81.

Insider Transactions at Capital One Financial

In related news, insider Michael Zamsky sold 5,515 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider owned 27,364 shares in the company, valued at $5,735,220.76. The trade was a 16.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Timothy P. Golden sold 3,462 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total value of $727,989.36. Following the transaction, the chief accounting officer owned 8,987 shares in the company, valued at approximately $1,889,786.36. This represents a 27.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,298 shares of company stock worth $4,233,044. Company insiders own 1.26% of the company's stock.

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.