Capital One Financial Corporation $COF Stock Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments cut its Capital One stake by 3.9% in the third quarter, selling 26,340 shares and retaining 654,844 shares valued at about $127.4 million.
• Capital One reported quarterly EPS of $6.69, beating estimates of $5.53; revenue rose 6.4% year over year to $16.31 billion, slightly above expectations.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $256.50. Capital One also announced a quarterly dividend of $0.80 per share, equivalent to a 1.6% yield.

Allspring Global Investments Holdings LLC reduced its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 3.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 654,844 shares of the financial services provider's stock after selling 26,340 shares during the period. Allspring Global Investments Holdings LLC owned 0.11% of Capital One Financial worth $127,354,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Financial Network Wealth Advisors LLC increased its position in 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 period. Aviance Capital Partners LLC increased its holdings 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 acquiring an additional 57 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of 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 acquiring an additional 60 shares during the period. North Dakota State Investment Board lifted its position 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 valued at $3,666,000 after purchasing an additional 62 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its position in Capital One Financial by 0.3% in the 2nd 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 during the last quarter. 89.84% of the stock is owned by institutional investors.

Capital One Financial Trading Up 0.1%

Shares of COF stock opened at $202.03 on Monday. The stock has a 50-day simple moving average of $203.60 and a 200 day simple moving average of $200.92. The stock has a market capitalization of $121.53 billion, a P/E ratio of 11.93, a P/E/G ratio of 0.92 and a beta of 1.10. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.45.

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

Capital One Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on COF. Barclays boosted their target price on shares of Capital One Financial from $237.00 to $238.00 and gave the company an "overweight" rating in a research note on Wednesday, October 21st. Citigroup raised their price target on shares of Capital One Financial from $280.00 to $285.00 and gave the company a "buy" rating in a research note on Wednesday, October 21st. TD Cowen raised their price target on shares of Capital One Financial from $242.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, October 21st. JPMorgan Chase & Co. lifted their price target on Capital One Financial from $227.00 to $241.00 and gave the company an "overweight" rating in a 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 stock an "overweight" rating in a research report on Wednesday, October 21st. Twenty investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $256.50.

Insider Buying and Selling at Capital One Financial

In related news, CEO Richard Fairbank sold 90,743 shares of the firm's stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $204.86, for a total transaction of $18,589,610.98. Following the completion of the sale, the chief executive officer directly owned 3,968,520 shares in the company, valued at approximately $812,991,007.20. This trade represents a 2.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 1,887 shares of the firm's stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $195.86, for a total transaction of $369,587.82. Following the sale, the insider owned 59,308 shares of the company's stock, valued at $11,616,064.88. The trade was a 3.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 200,464 shares of company stock valued at $40,942,597 in the last ninety days. Company insiders own 0.78% of the company's stock.

About Capital One Financial

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