First Fiduciary Investment Counsel Inc. Sells 1,588 Shares of Capital One Financial Corporation (NYSE:COF)

First Fiduciary Investment Counsel Inc. lowered its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 2.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,426 shares of the financial services provider's stock after selling 1,588 shares during the quarter. Capital One Financial makes up approximately 2.2% of First Fiduciary Investment Counsel Inc.'s holdings, making the stock its 22nd biggest position. First Fiduciary Investment Counsel Inc.'s holdings in Capital One Financial were worth $10,117,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COF. Mirae Asset Global Investments Co. Ltd. grew its position in Capital One Financial by 18.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock worth $10,010,000 after acquiring an additional 9,374 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in Capital One Financial by 105.3% in the first quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock worth $138,000 after purchasing an additional 394 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new position in Capital One Financial during the fourth quarter worth $91,780,000. Janney Montgomery Scott LLC lifted its position in shares of Capital One Financial by 9.6% in the first quarter. Janney Montgomery Scott LLC now owns 98,617 shares of the financial services provider's stock worth $17,682,000 after buying an additional 8,651 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Capital One Financial by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider's stock worth $1,467,393,000 after acquiring an additional 207,427 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Capital One Financial

In other news, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction on Monday, May 12th. The shares were sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the transaction, the insider directly owned 20,089 shares of the company's stock, valued at $4,005,746.60. This trade represents a 32.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ann F. Hackett sold 1,658 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the sale, the director directly owned 56,244 shares in the company, valued at $11,175,682.80. The trade was a 2.86% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company's stock.

Capital One Financial Trading Up 1.5%

COF stock traded up $3.32 during midday trading on Wednesday, reaching $218.50. The stock had a trading volume of 1,926,845 shares, compared to its average volume of 3,595,309. Capital One Financial Corporation has a twelve month low of $128.23 and a twelve month high of $218.73. The firm has a market cap of $83.72 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 0.89 and a beta of 1.15. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.65. The business has a fifty day simple moving average of $194.04 and a two-hundred day simple moving average of $186.82.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, topping analysts' consensus estimates of $3.75 by $0.31. Capital One Financial had a return on equity of 9.63% and a net margin of 9.65%. The business had revenue of $10 billion during the quarter, compared to analysts' expectations of $10.07 billion. As a group, research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Friday, May 23rd. Capital One Financial's payout ratio is presently 20.15%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Barclays restated an "overweight" rating and issued a $253.00 price objective (up from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Truist Financial raised their price objective on shares of Capital One Financial from $215.00 to $225.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. BTIG Research upgraded shares of Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 target price for the company in a research note on Tuesday, March 25th. Citigroup reduced their price target on shares of Capital One Financial from $245.00 to $230.00 and set a "buy" rating for the company in a report on Monday, March 24th. Finally, Robert W. Baird upgraded shares of Capital One Financial from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $190.00 to $200.00 in a report on Tuesday, March 11th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $215.86.

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.