Dimensional Fund Advisors LP Cuts Stock Holdings in Capital One Financial Corporation $COF

Key Points

• Dimensional Fund Advisors LP has reduced its holdings in Capital One Financial Corporation by 9.2%, now owning approximately $461.23 million worth of shares.
• Capital One Financial's stock price has seen a recent target upgrade from Wells Fargo, increasing from $225.00 to $265.00, with an overall average rating of "Moderate Buy."
• The company announced a quarterly dividend of $0.60 per share, resulting in a 1.1% dividend yield to be paid on September 2nd.

Dimensional Fund Advisors LP cut its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 9.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,573,278 shares of the financial services provider's stock after selling 259,680 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.67% of Capital One Financial worth $461,227,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of COF. Brighton Jones LLC boosted its stake in Capital One Financial by 330.1% in the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock valued at $2,423,000 after buying an additional 10,428 shares in the last quarter. Mariner LLC boosted its stake in shares of Capital One Financial by 1.9% during the fourth quarter. Mariner LLC now owns 78,387 shares of the financial services provider's stock valued at $13,978,000 after purchasing an additional 1,453 shares in the last quarter. CreativeOne Wealth LLC boosted its stake in shares of Capital One Financial by 124.5% during the fourth quarter. CreativeOne Wealth LLC now owns 4,686 shares of the financial services provider's stock valued at $836,000 after purchasing an additional 2,599 shares in the last quarter. Main Street Financial Solutions LLC acquired a new stake in shares of Capital One Financial during the fourth quarter valued at about $320,000. Finally, NewEdge Advisors LLC boosted its stake in shares of Capital One Financial by 42.3% during the fourth quarter. NewEdge Advisors LLC now owns 10,202 shares of the financial services provider's stock valued at $1,819,000 after purchasing an additional 3,031 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

COF has been the topic of a number of recent research reports. Barclays reissued an "overweight" rating and set a $253.00 price target (up from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Wall Street Zen lowered Capital One Financial from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Royal Bank Of Canada raised their price objective on Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. raised their price objective on Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $238.81.

Capital One Financial Stock Down 0.0%

Shares of NYSE COF traded down $0.1030 during midday trading on Wednesday, hitting $214.5170. 1,436,350 shares of the stock traded hands, compared to its average volume of 4,424,069. The company has a market cap of $137.19 billion, a PE ratio of 110.07, a P/E/G ratio of 0.84 and a beta of 1.16. Capital One Financial Corporation has a one year low of $131.55 and a one year high of $232.45. The business has a 50 day moving average price of $211.78 and a two-hundred day moving average price of $193.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. The company's revenue was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.14 EPS. On average, equities analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company 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. The ex-dividend date is Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. Capital One Financial's payout ratio is currently 123.08%.

Insider Activity at Capital One Financial

In related news, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction that occurred 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 owned 68,707 shares of the company's stock, valued at $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction that occurred 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 transaction, the insider directly 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. Insiders have sold a total of 19,091 shares of company stock valued at $4,188,454 over the last 90 days. Insiders own 1.26% of the company's stock.

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.