Cassaday & Co Wealth Management LLC Sells 1,678 Shares of Capital One Financial Corporation (NYSE:COF)

Cassaday & Co Wealth Management LLC cut its position in shares of Capital One Financial Corporation (NYSE:COF) by 20.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,680 shares of the financial services provider's stock after selling 1,678 shares during the quarter. Cassaday & Co Wealth Management LLC's holdings in Capital One Financial were worth $1,198,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Capital One Financial by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 31,744,818 shares of the financial services provider's stock worth $5,660,736,000 after buying an additional 234,863 shares during the last quarter. Franklin Resources Inc. raised its position in Capital One Financial by 3.2% in the 4th quarter. Franklin Resources Inc. now owns 10,718,860 shares of the financial services provider's stock valued at $1,911,387,000 after purchasing an additional 331,595 shares during the last quarter. Geode Capital Management LLC raised its position in Capital One Financial by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider's stock valued at $1,467,393,000 after purchasing an additional 207,427 shares during the last quarter. FMR LLC boosted 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. Finally, Bank of New York Mellon Corp grew its holdings in shares of Capital One Financial by 23.7% during 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 during the last quarter. 89.84% of the stock is currently owned by institutional investors.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 9,560 shares of the company's stock in a transaction dated 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 sale, the insider directly owned 20,089 shares of the company's stock, valued at $4,005,746.60. This represents a 32.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ann F. Hackett sold 1,658 shares of Capital One Financial stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Capital One Financial Stock Up 0.1%

COF stock traded up $0.26 during midday trading on Friday, reaching $218.26. 3,106,854 shares of the company's stock traded hands, compared to its average volume of 3,623,904. 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 firm's fifty day moving average price is $202.98 and its 200-day moving average price is $190.27. Capital One Financial Corporation has a 52 week low of $128.23 and a 52 week high of $221.95. The company has a market cap of $83.62 billion, a price-to-earnings ratio of 18.33, a P/E/G ratio of 0.91 and a beta of 1.15.

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

Capital One Financial Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently weighed in on COF. Truist Financial boosted their price target 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. Barclays restated an "overweight" rating and set a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Wells Fargo & Company boosted their price target on shares of Capital One Financial from $210.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Wall Street Zen raised shares of Capital One Financial from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Royal Bank Of Canada set a $190.00 price target on Capital One Financial and gave the company a "sector perform" rating in a report on Monday, April 14th. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Capital One Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $222.07.

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.

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