Capital One Financial Corporation $COF Stock: AIA Group Ltd Lowers Stake

Key Points

• AIA Group cut its Capital One stake by 71.1% in the third quarter, selling 19,000 shares and retaining 7,723 shares valued at about $1.49 million. Institutional investors collectively own 89.84% of the company.
• Capital One beat quarterly earnings expectations, reporting $6.69 per share versus the $5.53 consensus, while revenue rose 6.4% year over year to $16.31 billion.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $256.50. The company also declared a quarterly dividend of $0.80 per share, equivalent to a 1.6% annualized yield.

AIA Group Ltd lowered its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 71.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,723 shares of the financial services provider's stock after selling 19,000 shares during the quarter. AIA Group Ltd's holdings in Capital One Financial were worth $1,491,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Financial Network Wealth Advisors LLC boosted its holdings in shares of Capital One Financial by 27.1% in the third quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the financial services provider's stock worth $49,000 after buying an additional 54 shares during the last quarter. Aviance Capital Partners LLC increased its stake in shares of Capital One Financial by 0.5% in the 3rd quarter. Aviance Capital Partners LLC now owns 12,414 shares of the financial services provider's stock worth $2,397,000 after purchasing an additional 57 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Capital One Financial by 3.1% in the 2nd quarter. Revolve Wealth Partners LLC now owns 2,014 shares of the financial services provider's stock worth $404,000 after purchasing an additional 60 shares during the period. North Dakota State Investment Board raised its holdings in Capital One Financial by 0.3% in the 2nd quarter. North Dakota State Investment Board now owns 18,272 shares of the financial services provider's stock worth $3,666,000 after purchasing an additional 62 shares during the period. Finally, Benjamin Edwards Inc. lifted its position in Capital One Financial by 0.3% during the second quarter. Benjamin Edwards Inc. now owns 24,254 shares of the financial services provider's stock valued at $4,868,000 after purchasing an additional 64 shares in the last quarter. Institutional investors own 89.84% of the company's stock.

Insiders Place Their Bets

In other news, insider Celia Karam sold 2,017 shares of the business's stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $206.07, for a total value of $415,643.19. Following the transaction, the insider owned 57,696 shares of the company's stock, valued at approximately $11,889,414.72. The trade was a 3.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Fairbank sold 90,743 shares of the company's stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $202.86, for a total transaction of $18,408,124.98. Following the transaction, the chief executive officer owned 4,018,520 shares of the company's stock, valued at approximately $815,196,967.20. This represents a 2.21% 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. Insiders sold a total of 115,194 shares of company stock worth $23,546,209 over the last ninety days. 0.78% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on COF shares. BMO Capital Markets boosted their price target on Capital One Financial from $219.00 to $225.00 and gave the company a "market perform" rating in a report on Wednesday, October 21st. Wall Street Zen downgraded Capital One Financial from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. JPMorgan Chase & Co. raised their price objective on Capital One Financial from $227.00 to $241.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 21st. Barclays lifted their price objective on Capital One Financial from $237.00 to $238.00 and gave the company an "overweight" rating in a research report on Wednesday, October 21st. Finally, Piper Sandler boosted their price objective on Capital One Financial from $260.00 to $269.00 and gave the company an "overweight" rating in a research note on Wednesday, October 21st. Twenty research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $256.50.

Capital One Financial Trading Down 1.2%

Shares of Capital One Financial stock opened at $203.91 on Friday. The company has a market capitalization of $122.66 billion, a P/E ratio of 9.93, a P/E/G ratio of 0.94 and a beta of 1.10. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.02 and a current ratio of 1.02. The company has a fifty day moving average of $203.90 and a 200 day moving average of $201.06. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $6.69 EPS for the quarter, beating analysts' consensus estimates of $5.53 by $1.16. Capital One Financial had a return on equity of 11.64% and a net margin of 13.70%. The business had revenue of $16.31 billion for the quarter, compared to analysts' expectations of $16.25 billion. During the same period last year, the firm earned $5.95 earnings per share. The business's quarterly revenue was up 6.4% on a year-over-year basis. On average, sell-side analysts anticipate that Capital One Financial Corporation will post 21.53 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. Capital One Financial's payout ratio is currently 18.89%.

About Capital One Financial

Capital One Financial Corporation is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company operates as a bank holding company through Capital One, N.A., providing financial products and services to consumers, small businesses and commercial customers.

Capital One is best known for its credit card business, which offers a range of consumer and business cards. Its other activities include consumer banking products such as checking and savings accounts, auto loans and retail banking services, as well as commercial banking services for businesses and institutions.

The company primarily serves customers in the United States through digital channels, branches and other distribution networks.

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