Capital One Financial Corporation $COF Shares Sold by Northern Trust Corp

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Northern Trust Corp lowered its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 0.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 4,391,864 shares of the financial services provider's stock after selling 41,537 shares during the quarter. Northern Trust Corp owned about 1.15% of Capital One Financial worth $787,461,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COF. Lone Pine Capital LLC acquired a new stake in Capital One Financial during the 4th quarter worth about $577,012,000. Diamond Hill Capital Management Inc. purchased a new position in shares of Capital One Financial in the 1st quarter valued at about $381,848,000. Bank of New York Mellon Corp increased its stake in shares of Capital One Financial by 23.7% in the 1st quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock valued at $889,519,000 after purchasing an additional 950,415 shares in the last quarter. Third Point LLC purchased a new position in shares of Capital One Financial in the 4th quarter valued at about $164,946,000. Finally, Nuveen LLC purchased a new stake in Capital One Financial during the 1st quarter worth approximately $141,599,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Stock Up 4.3%

Shares of NYSE COF traded up $9.2070 during mid-day trading on Friday, hitting $221.2170. The company had a trading volume of 4,137,068 shares, compared to its average volume of 3,601,944. The company has a market capitalization of $141.47 billion, a PE ratio of 113.45, a price-to-earnings-growth ratio of 0.82 and a beta of 1.16. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a 1-year low of $131.55 and a 1-year high of $232.45. The business's 50-day simple moving average is $212.93 and its 200 day simple moving average is $194.17.

Capital One Financial (NYSE:COF - Get Free Report) last posted 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 during the quarter, compared to analyst estimates of $12.72 billion. During the same quarter in the prior year, the business earned $3.14 earnings per share. The firm's quarterly revenue was up 31.4% on a year-over-year basis. On average, analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

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

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, CAO Timothy P. Golden sold 207 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total value of $44,589.87. Following the sale, the chief accounting officer directly owned 8,780 shares in the company, valued at $1,891,299.80. This trade represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the firm's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the sale, the insider owned 27,364 shares in the company, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,298 shares of company stock worth $4,233,044 over the last ninety days. Corporate insiders own 1.26% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on COF. JPMorgan Chase & Co. boosted their price objective on Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. TD Cowen upgraded Capital One Financial from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $184.00 to $258.00 in a research note on Tuesday, July 8th. Barclays reiterated an "overweight" rating and set a $253.00 price objective (up from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Finally, Truist Financial upped their price target on Capital One Financial from $225.00 to $260.00 and gave the company a "buy" rating in a research report on Monday, July 28th. 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 data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $238.81.

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.