Legato Capital Management LLC trimmed its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 14.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,387 shares of the financial services provider's stock after selling 1,598 shares during the quarter. Legato Capital Management LLC's holdings in Capital One Financial were worth $1,683,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Franklin Resources Inc. grew its stake in Capital One Financial by 3.2% in the fourth quarter. Franklin Resources Inc. now owns 10,718,860 shares of the financial services provider's stock worth $1,911,387,000 after purchasing an additional 331,595 shares in the last quarter. Geode Capital Management LLC grew its stake in Capital One Financial by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider's stock worth $1,467,393,000 after purchasing an additional 207,427 shares in the last quarter. FMR LLC grew its stake in Capital One Financial by 21.6% in the fourth quarter. FMR LLC now owns 8,077,886 shares of the financial services provider's stock worth $1,440,449,000 after purchasing an additional 1,436,935 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Capital One Financial by 23.7% in the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock worth $889,519,000 after purchasing an additional 950,415 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Capital One Financial by 21.8% in the fourth quarter. Northern Trust Corp now owns 4,433,401 shares of the financial services provider's stock worth $790,564,000 after purchasing an additional 793,765 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Capital One Financial
In related news, Director Ann F. Hackett sold 1,658 shares of the business's stock in a transaction that occurred 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 sale, the director owned 56,244 shares of the company's stock, valued at $11,175,682.80. The trade was a 2.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Zamsky sold 9,560 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $199.40, for a total value of $1,906,264.00. Following the sale, the insider directly owned 20,089 shares in the company, valued at approximately $4,005,746.60. The trade was a 32.24% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,332 shares of company stock worth $4,540,285. Company insiders own 1.26% of the company's stock.
Analysts Set New Price Targets
A number of research firms recently commented on COF. TD Cowen upgraded Capital One Financial from a "hold" rating to a "buy" rating and lifted their price target for the stock from $184.00 to $258.00 in a research note on Tuesday, July 8th. Citigroup lifted their price target on Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday. Wall Street Zen upgraded Capital One Financial from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Barclays restated an "overweight" rating and issued a $253.00 target price (up from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Finally, Truist Financial lifted their target price on Capital One Financial from $215.00 to $225.00 and gave the company a "buy" rating in a research note on Friday, April 25th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $233.07.
Check Out Our Latest Research Report on COF
Capital One Financial Stock Performance
Shares of NYSE COF traded up $1.28 during midday trading on Friday, hitting $212.61. 4,501,689 shares of the company's stock were exchanged, compared to its average volume of 3,771,397. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 0.97. The stock's 50 day moving average price is $204.67 and its 200-day moving average price is $191.47. The firm has a market cap of $81.46 billion, a P/E ratio of 109.03, a PEG ratio of 0.85 and a beta of 1.15. Capital One Financial Corporation has a twelve month low of $128.23 and a twelve month high of $232.45.
Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. The business's quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.14 earnings per share. Equities research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.
Capital One Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.40 annualized dividend and a dividend yield of 1.13%. Capital One Financial's dividend payout ratio is presently 123.08%.
Capital One Financial Company Profile
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Free Report)
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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