Capital One Financial Corporation $COF Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in Capital One Financial by 2.2%, now holding 753,141 shares worth approximately $160 million.
• Analysts have increased their target price for Capital One Financial, with Barclays setting a new target of $253 and Rothschild & Co Redburn establishing a target of $290 while maintaining a "buy" rating.
• Capital One Financial recently announced a quarterly dividend of $0.60 per share, equating to an annualized dividend of $2.40.

Robeco Institutional Asset Management B.V. lowered its position in Capital One Financial Corporation (NYSE:COF) by 2.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 753,141 shares of the financial services provider's stock after selling 16,707 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.20% of Capital One Financial worth $160,238,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of COF. WPG Advisers LLC acquired a new position in shares of Capital One Financial in the first quarter worth about $25,000. Moisand Fitzgerald Tamayo LLC raised its position in shares of Capital One Financial by 103.3% in the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock worth $26,000 after acquiring an additional 62 shares during the period. Saudi Central Bank acquired a new position in shares of Capital One Financial in the first quarter worth about $27,000. Signature Resources Capital Management LLC acquired a new position in shares of Capital One Financial in the second quarter worth about $28,000. Finally, Beacon Capital Management LLC raised its position in shares of Capital One Financial by 118.3% in the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after acquiring an additional 97 shares during the period. Institutional investors and hedge funds own 89.84% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Barclays reissued an "overweight" rating and set a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Royal Bank Of Canada boosted 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 research note on Wednesday, July 23rd. Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a research note on Friday, August 1st. They set a "buy" rating and a $290.00 target price for the company. Evercore ISI boosted their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an "outperform" rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, Capital One Financial currently has an average rating of "Moderate Buy" and a consensus target price of $244.29.

Insider Activity at Capital One Financial

In other news, CAO Timothy P. Golden sold 3,462 shares of the company's stock in a transaction that occurred on 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 directly owned 8,987 shares in the company, valued at approximately $1,889,786.36. This represents a 27.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, 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. In the last quarter, insiders have sold 21,298 shares of company stock valued at $4,679,844. 1.26% of the stock is owned by insiders.

Capital One Financial Stock Up 0.5%

Shares of NYSE COF opened at $213.55 on Thursday. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The stock has a market cap of $136.57 billion, a PE ratio of 109.51, a P/E/G ratio of 0.81 and a beta of 1.18. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average of $219.22 and a 200 day moving average of $200.32.

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

Capital One Financial Announces Dividend

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

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.

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