Capital One Financial Corporation $COF Shares Sold by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH significantly reduced its holdings in Capital One Financial by 84.2%, selling 3,270 shares during the 2nd quarter.
• Institutional investors collectively own 89.84% of Capital One's stock, with notable raises in holdings from Kingstone Capital Partners and UBS AM.
• Analysts have generally upgraded their ratings for Capital One Financial, with price targets increasing to as high as $275.00, indicating a positive outlook for the stock.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH decreased its holdings in Capital One Financial Corporation (NYSE:COF) by 84.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 612 shares of the financial services provider's stock after selling 3,270 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Capital One Financial were worth $130,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of COF. Kingstone Capital Partners Texas LLC raised its holdings in Capital One Financial by 588,668.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider's stock valued at $24,988,129,000 after acquiring an additional 117,427,549 shares in the last quarter. Diamond Hill Capital Management Inc. bought a new stake in shares of Capital One Financial in the 1st quarter worth about $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Capital One Financial by 45.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider's stock valued at $838,609,000 after purchasing an additional 1,454,595 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Capital One Financial by 23.7% during 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 purchasing an additional 950,415 shares during the last quarter. Finally, Nuveen LLC acquired a new position in Capital One Financial in the first quarter worth about $141,599,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. TD Cowen upgraded Capital One Financial from a "hold" rating to a "buy" rating and upped their price objective for the company from $184.00 to $258.00 in a research note on Tuesday, July 8th. Truist Financial boosted their price target on Capital One Financial from $260.00 to $270.00 and gave the company a "buy" rating in a report on Friday, September 12th. Citigroup upped their price target on Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Royal Bank Of Canada raised their price objective 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Capital One Financial currently has an average rating of "Moderate Buy" and a consensus price target of $239.44.

Capital One Financial Price Performance

NYSE COF opened at $222.42 on Friday. The company has a 50-day moving average price of $219.17 and a two-hundred day moving average price of $198.94. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The stock has a market cap of $142.24 billion, a price-to-earnings ratio of 114.06, a price-to-earnings-growth ratio of 0.86 and a beta of 1.17. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. During the same period last year, the firm posted $3.14 EPS. The business's quarterly revenue was up 31.4% on a year-over-year basis. Analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

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

Insider Activity at Capital One Financial

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

About Capital One Financial

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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