Corient Private Wealth LP Reduces Stock Position in Capital One Financial Corporation $COF

Corient Private Wealth LP reduced its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 12.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 444,976 shares of the financial services provider's stock after selling 61,063 shares during the quarter. Corient Private Wealth LP owned 0.07% of Capital One Financial worth $89,271,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. HighTower Advisors LLC increased its stake in shares of Capital One Financial by 18.1% in the fourth quarter. HighTower Advisors LLC now owns 353,767 shares of the financial services provider's stock valued at $85,739,000 after purchasing an additional 54,263 shares during the period. Sculptor Capital LP bought a new position in Capital One Financial in the 1st quarter worth approximately $33,932,000. Nomura Asset Management Co. Ltd. grew its holdings in Capital One Financial by 2.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 223,977 shares of the financial services provider's stock worth $54,283,000 after buying an additional 6,225 shares in the last quarter. Knights of Columbus Asset Advisors LLC raised its stake in Capital One Financial by 157.8% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 36,066 shares of the financial services provider's stock valued at $8,741,000 after acquiring an additional 22,074 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of Capital One Financial by 6.5% during the first quarter. Swiss National Bank now owns 1,865,716 shares of the financial services provider's stock valued at $340,363,000 after purchasing an additional 113,200 shares during the period. Institutional investors and hedge funds own 89.84% of the company's stock.

Wall Street Analysts Forecast Growth

COF has been the topic of several research analyst reports. Piper Sandler began coverage on Capital One Financial in a research report on Monday, June 29th. They set an "overweight" rating and a $254.00 price target on the stock. Weiss Ratings upgraded Capital One Financial from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. JPMorgan Chase & Co. raised their target price on Capital One Financial from $215.00 to $245.00 and gave the company an "overweight" rating in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft set a $245.00 target price on Capital One Financial in a report on Thursday, August 20th. Finally, UBS Group boosted their price target on shares of Capital One Financial from $275.00 to $280.00 and gave the stock a "buy" rating in a research report on Monday, August 3rd. Twenty-one analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $258.91.

Insider Buying and Selling at Capital One Financial

In other news, insider Lia Dean sold 2,193 shares of the company's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $225.52, for a total value of $494,565.36. Following the transaction, the insider directly owned 63,261 shares of the company's stock, valued at approximately $14,266,620.72. This represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew Cooper sold 3,500 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $214.10, for a total value of $749,350.00. Following the sale, the general counsel owned 83,194 shares of the company's stock, valued at approximately $17,811,835.40. This represents a 4.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 29,767 shares of company stock worth $6,366,998 over the last 90 days. 0.78% of the stock is currently owned by insiders.

Capital One Financial Trading Up 0.6%

NYSE COF opened at $208.29 on Friday. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $127.78 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 0.76 and a beta of 1.02. The firm's 50 day moving average price is $212.66 and its two-hundred day moving average price is $198.22.

Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.79 by $1.02. The company had revenue of $15.83 billion during the quarter, compared to analyst estimates of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The company's revenue for the quarter was up 26.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.48 earnings per share. Equities analysts anticipate that Capital One Financial Corporation will post 20.29 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. Capital One Financial's dividend payout ratio (DPR) is 19.80%.

About Capital One Financial

Capital One Financial Corporation NYSE: COF is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company initially built its business as a credit card issuer and has since expanded into consumer banking, commercial banking and payments.

Capital One offers a range of credit card products for consumers and businesses, along with deposit accounts, savings products, auto loans and other consumer lending services. Through its commercial banking operations, the company provides financing, treasury management and related services to commercial real estate clients, middle-market companies and other businesses.

Capital One primarily serves customers in the United States, with additional operations and financial services activities in Canada and the United Kingdom.

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