Capital One Financial Corporation (NYSE:COF) Shares Sold by Annis Gardner Whiting Capital Advisors LLC

Key Points

• Annis Gardner Whiting Capital Advisors LLC drastically reduced its position in Capital One Financial by 89.8%, owning just 1,164 shares after selling over 10,000 shares during the first quarter.
• Several institutional investors have increased their stakes, with Blair William & Co. IL raising its position by 247.4%, now owning 80,383 shares valued at $14.4 million.
• Capital One Financial reported $5.48 earnings per share for the last quarter, significantly exceeding expectations, while also announcing a quarterly dividend of $0.60 per share.

Annis Gardner Whiting Capital Advisors LLC trimmed its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 89.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,164 shares of the financial services provider's stock after selling 10,212 shares during the period. Annis Gardner Whiting Capital Advisors LLC's holdings in Capital One Financial were worth $209,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in COF. iA Global Asset Management Inc. grew its position in Capital One Financial by 79.5% in the first quarter. iA Global Asset Management Inc. now owns 8,189 shares of the financial services provider's stock worth $1,468,000 after buying an additional 3,626 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its position in Capital One Financial by 17.4% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,275 shares of the financial services provider's stock worth $229,000 after buying an additional 189 shares during the last quarter. Allianz SE grew its position in Capital One Financial by 40.0% in the first quarter. Allianz SE now owns 1,610 shares of the financial services provider's stock worth $289,000 after buying an additional 460 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Capital One Financial by 16.2% in the first quarter. Commonwealth Equity Services LLC now owns 147,507 shares of the financial services provider's stock worth $26,448,000 after buying an additional 20,599 shares during the last quarter. Finally, Blair William & Co. IL grew its position in Capital One Financial by 247.4% in the first quarter. Blair William & Co. IL now owns 80,383 shares of the financial services provider's stock worth $14,413,000 after buying an additional 57,246 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Keefe, Bruyette & Woods lifted their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their price target on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Citigroup lifted their price target on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, Truist Financial raised their price objective on shares of Capital One Financial from $225.00 to $260.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of "Moderate Buy" and an average price target of $238.81.

Capital One Financial Stock Up 0.6%

COF stock opened at $212.00 on Wednesday. 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 Corporation has a 1 year low of $130.78 and a 1 year high of $232.45. The company has a fifty day simple moving average of $207.83 and a 200 day simple moving average of $192.93. The firm has a market cap of $81.23 billion, a PE ratio of 108.72, a PEG ratio of 0.83 and a beta of 1.16.

Capital One Financial (NYSE:COF - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $12.72 billion. During the same period in the previous year, the firm posted $3.14 EPS. The firm's revenue for the quarter was up 31.4% on a year-over-year basis. Sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, August 15th. Capital One Financial's payout ratio is presently 123.08%.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the transaction, the insider owned 68,707 shares of the company's stock, valued at $15,655,577.02. The trade was a 12.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann F. Hackett sold 1,658 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $198.70, for a total transaction of $329,444.60. Following the transaction, the director directly owned 56,244 shares of the company's stock, valued at approximately $11,175,682.80. This represents a 2.86% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,332 shares of company stock valued at $4,540,285. Insiders own 1.26% of the company's stock.

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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