National Bank of Canada FI Lowers Stake in Capital One Financial Corporation (NYSE:COF)

Key Points

• National Bank of Canada FI reduced its holdings in Capital One Financial by 42.1%, selling 175,925 shares, and owning about 0.06% of the company, valued at $43.38 million.
• Multiple analysts, including Wells Fargo and Barclays, have raised their target prices for Capital One Financial, with a consensus target price of $238.81 and an average rating of "Moderate Buy."
• Capital One Financial recently announced a quarterly dividend of $0.60 per share, with a payout ratio of 123.08%, highlighting the firm's ongoing commitment to returning value to shareholders.

National Bank of Canada FI lessened its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 42.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 241,948 shares of the financial services provider's stock after selling 175,925 shares during the quarter. National Bank of Canada FI owned 0.06% of Capital One Financial worth $43,381,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in COF. Beacon Capital Management LLC increased its position in shares of Capital One Financial by 118.3% in the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after buying an additional 97 shares in the last quarter. Bogart Wealth LLC increased its position in Capital One Financial by 1,518.8% during the 1st quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock worth $46,000 after purchasing an additional 243 shares in the last quarter. Motco increased its position in Capital One Financial by 115.1% during the 1st quarter. Motco now owns 256 shares of the financial services provider's stock worth $46,000 after purchasing an additional 137 shares in the last quarter. Rossby Financial LCC purchased a new stake in Capital One Financial during the 1st quarter worth about $48,000. Finally, Bernard Wealth Management Corp. purchased a new stake in Capital One Financial during the 1st quarter worth about $54,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Insider Activity

In other Capital One Financial news, CAO Timothy P. Golden sold 3,462 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the sale, the chief accounting officer directly owned 8,987 shares of the company's stock, valued at $1,889,786.36. This trade represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the transaction, the insider owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,091 shares of company stock valued at $4,188,454 in the last ninety days. 1.26% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

COF has been the topic of a number of research analyst reports. TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and raised their price target for the stock from $184.00 to $258.00 in a research note on Tuesday, July 8th. Citigroup upped their price objective on Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Wells Fargo & Company boosted their target price on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Royal Bank Of Canada upped their target price on Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. upped their price target on Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $238.81.

Capital One Financial Price Performance

COF traded up $2.35 during trading on Thursday, reaching $219.32. The stock had a trading volume of 1,254,474 shares, compared to its average volume of 4,455,053. The business has a 50-day moving average of $210.24 and a 200-day moving average of $193.51. Capital One Financial Corporation has a one year low of $131.55 and a one year high of $232.45. The stock has a market cap of $140.26 billion, a PE ratio of 112.30, a PEG ratio of 0.85 and a beta of 1.16. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02.

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 EPS for the quarter, topping the consensus estimate of $1.93 by $3.55. 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 business earned $3.14 earnings per share. The business's quarterly revenue was up 31.4% on a year-over-year basis. As a group, equities research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be issued a dividend of $0.60 per share. 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 dividend payout ratio is presently 123.08%.

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.