Charles Schwab Investment Management Inc. Decreases Position in Capital One Financial Corporation (NYSE:COF)

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Capital One Financial Corporation by 1.0%, selling 26,470 shares, and now holds approximately $480.7 million worth of the stock.
• Capital One's stock price decreased by 2.5%, and the company recently reported earnings of $5.48 per share, significantly exceeding analysts' expectations.
• The company announced a quarterly dividend of $0.60 per share, with a current payout ratio of 123.08%, indicating a potential concern over sustainability.

Charles Schwab Investment Management Inc. trimmed its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 1.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,680,731 shares of the financial services provider's stock after selling 26,470 shares during the period. Charles Schwab Investment Management Inc. owned 0.70% of Capital One Financial worth $480,655,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Opal Wealth Advisors LLC raised its position in shares of Capital One Financial by 3.1% in the first quarter. Opal Wealth Advisors LLC now owns 2,155 shares of the financial services provider's stock valued at $386,000 after buying an additional 64 shares in the last quarter. Aspiriant LLC raised its position in shares of Capital One Financial by 2.4% in the first quarter. Aspiriant LLC now owns 2,911 shares of the financial services provider's stock valued at $522,000 after buying an additional 67 shares in the last quarter. Citizens National Bank Trust Department raised its position in shares of Capital One Financial by 25.7% in the first quarter. Citizens National Bank Trust Department now owns 328 shares of the financial services provider's stock valued at $59,000 after buying an additional 67 shares in the last quarter. CVA Family Office LLC raised its position in shares of Capital One Financial by 5.9% in the first quarter. CVA Family Office LLC now owns 1,446 shares of the financial services provider's stock valued at $259,000 after buying an additional 80 shares in the last quarter. Finally, Norden Group LLC raised its position in shares of Capital One Financial by 4.0% in the first quarter. Norden Group LLC now owns 2,091 shares of the financial services provider's stock valued at $375,000 after buying an additional 81 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on COF shares. Rothschild & Co Redburn started 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. Bank of America lifted their price objective on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Barclays reissued 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. Wall Street Zen cut shares of Capital One Financial from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Royal Bank Of Canada boosted their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, Capital One Financial currently has an average rating of "Moderate Buy" and an average target price of $238.81.

Insider Transactions at Capital One Financial

In other news, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the sale, the insider directly owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the transaction, the insider owned 27,364 shares in the company, 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. In the last ninety days, insiders sold 26,847 shares of company stock valued at $5,696,173. Insiders own 1.26% of the company's stock.

Capital One Financial Price Performance

Shares of Capital One Financial stock traded up $1.03 on Friday, hitting $208.32. 3,108,026 shares of the company traded hands, compared to its average volume of 4,080,770. Capital One Financial Corporation has a 12-month low of $131.55 and a 12-month high of $232.45. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The company has a market cap of $133.22 billion, a P/E ratio of 106.83, a P/E/G ratio of 0.82 and a beta of 1.16. The firm's 50-day simple moving average is $208.99 and its 200 day simple moving average is $193.22.

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