New Age Alpha Advisors LLC Has $3.79 Million Position in Capital One Financial Corporation (NYSE:COF)

Key Points

• New Age Alpha Advisors LLC decreased its holdings in Capital One Financial Corporation by 17.7% during the first quarter, now owning 21,117 shares worth approximately $3.79 million.
• Several analysts have revised their price targets for Capital One Financial, with JPMorgan Chase raising it to $248.00 and Royal Bank Of Canada to $255.00, indicating a consensus rating of "Moderate Buy."
• Capital One announced a quarterly dividend of $0.60, with an annualized yield of 1.1%, but has a high dividend payout ratio of 123.08%.

New Age Alpha Advisors LLC trimmed its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 17.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,117 shares of the financial services provider's stock after selling 4,527 shares during the quarter. New Age Alpha Advisors LLC's holdings in Capital One Financial were worth $3,786,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in COF. Allianz SE increased its position in shares of Capital One Financial by 40.0% during the 1st quarter. Allianz SE now owns 1,610 shares of the financial services provider's stock valued at $289,000 after purchasing an additional 460 shares during the period. Commonwealth Equity Services LLC boosted its stake in Capital One Financial by 16.2% during the first quarter. Commonwealth Equity Services LLC now owns 147,507 shares of the financial services provider's stock valued at $26,448,000 after buying an additional 20,599 shares in the last quarter. Blair William & Co. IL grew its holdings in Capital One Financial by 247.4% during the first quarter. Blair William & Co. IL now owns 80,383 shares of the financial services provider's stock worth $14,413,000 after acquiring an additional 57,246 shares during the period. M.D. Sass LLC bought a new stake in Capital One Financial in the first quarter worth about $43,674,000. Finally, Delta Financial Group Inc. acquired a new stake in Capital One Financial in the 1st quarter valued at about $209,000. 89.84% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction on 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 completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the transaction, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,847 shares of company stock worth $5,696,173 in the last three months. 1.26% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on COF shares. Rothschild & Co Redburn began coverage on shares of Capital One Financial in a research note on Friday, August 1st. They issued a "buy" rating and a $290.00 price objective 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. Truist Financial upped their price target on Capital One Financial from $225.00 to $260.00 and gave the company a "buy" rating in a report on Monday, July 28th. Wells Fargo & Company raised their price objective on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Finally, Barclays reaffirmed an "overweight" rating and set a $253.00 target price (up from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $238.81.

Capital One Financial Stock Up 0.5%

COF traded up $1.03 on Friday, reaching $208.32. 3,108,026 shares of the company traded hands, compared to its average volume of 4,080,770. The company has a market cap of $133.22 billion, a price-to-earnings ratio of 106.83, a PEG ratio of 0.81 and a beta of 1.16. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The stock's 50 day moving average price is $208.61 and its 200-day moving average price is $193.18. Capital One Financial Corporation has a 52-week low of $131.55 and a 52-week high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. During the same quarter in the prior year, the firm earned $3.14 earnings per share. The company's revenue was up 31.4% on a year-over-year basis. On average, sell-side analysts expect 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 1.2%. The ex-dividend date is Friday, August 15th. Capital One Financial's payout ratio is currently 123.08%.

About Capital One Financial

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.