Capital One Financial Corporation (NYSE:COF) Shares Sold by Morningstar Investment Services LLC

Morningstar Investment Services LLC trimmed its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 44.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,188 shares of the financial services provider's stock after selling 1,732 shares during the period. Morningstar Investment Services LLC's holdings in Capital One Financial were worth $392,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Auxano Advisors LLC bought a new position in shares of Capital One Financial during the 1st quarter worth approximately $440,000. Private Advisor Group LLC raised its stake in Capital One Financial by 15.3% during the first quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider's stock worth $1,776,000 after acquiring an additional 1,312 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in shares of Capital One Financial by 54.6% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 3,476 shares of the financial services provider's stock valued at $624,000 after buying an additional 1,227 shares during the period. Kingsview Wealth Management LLC boosted its holdings in Capital One Financial by 12.8% in the first quarter. Kingsview Wealth Management LLC now owns 9,353 shares of the financial services provider's stock valued at $1,677,000 after acquiring an additional 1,065 shares during the last quarter. Finally, Bailard Inc. boosted its holdings in Capital One Financial by 3.2% in the first quarter. Bailard Inc. now owns 42,331 shares of the financial services provider's stock valued at $7,590,000 after acquiring an additional 1,328 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Price Performance

Shares of NYSE:COF traded up $4.67 during midday trading on Wednesday, hitting $222.09. The company had a trading volume of 4,774,515 shares, compared to its average volume of 3,636,336. Capital One Financial Corporation has a twelve month low of $128.23 and a twelve month high of $231.98. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.98 and a quick ratio of 0.97. The stock has a market cap of $85.09 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 0.90 and a beta of 1.15. The business's 50-day simple moving average is $202.98 and its 200-day simple moving average is $190.43.

Capital One Financial (NYSE:COF - Get Free Report) last posted its earnings results 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. Capital One Financial had a return on equity of 9.63% and a net margin of 9.65%. The company had revenue of $12.49 billion during the quarter, compared to analysts' expectations of $12.72 billion. During the same quarter last year, the firm earned $3.14 earnings per share. The firm's quarterly revenue was up 31.4% compared to the same quarter last year. On average, research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Friday, May 23rd. Capital One Financial's payout ratio is currently 20.15%.

Insider Activity at Capital One Financial

In other Capital One Financial news, 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 transaction of $1,906,264.00. Following the transaction, the insider 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ann F. Hackett sold 1,658 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $198.70, for a total value of $329,444.60. Following the completion of the sale, the director directly owned 56,244 shares in the company, valued at approximately $11,175,682.80. The trade was a 2.86% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and raised their target price for the company from $184.00 to $258.00 in a research report on Tuesday, July 8th. Keefe, Bruyette & Woods increased their price target on Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research note on Wednesday. Wells Fargo & Company increased their price target on Capital One Financial from $210.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Wall Street Zen upgraded Capital One Financial from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Finally, Bank of America increased their price target on Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $227.40.

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.