English Capital Management LLC Sells 9,997 Shares of Capital One Financial Corporation $COF

Key Points

• English Capital Management LLC reduced its holdings in Capital One Financial by 32.1%, now owning 21,176 shares valued at approximately $3.80 million, making it the firm's 19th largest investment.
• Analysts have given Capital One Financial a consensus rating of "Moderate Buy" with various price targets ranging from $238.81 to $290.00, with some firms recently upgrading their ratings.
• Capital One Financial reported a strong quarterly performance with earnings per share of $5.48, significantly beating expectations, while announcing a new quarterly dividend of $0.60 per share.

English Capital Management LLC trimmed its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 32.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,176 shares of the financial services provider's stock after selling 9,997 shares during the period. Capital One Financial accounts for about 2.8% of English Capital Management LLC's portfolio, making the stock its 19th biggest holding. English Capital Management LLC's holdings in Capital One Financial were worth $3,797,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in COF. Vanguard Group Inc. lifted its holdings in Capital One Financial by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider's stock worth $5,782,590,000 after purchasing an additional 506,105 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Capital One Financial by 23.7% in the 1st quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock valued at $889,519,000 after purchasing an additional 950,415 shares during the period. Goldman Sachs Group Inc. boosted its stake in Capital One Financial by 18.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider's stock valued at $854,647,000 after purchasing an additional 734,939 shares during the period. Invesco Ltd. boosted its stake in Capital One Financial by 13.3% in the 1st quarter. Invesco Ltd. now owns 4,665,496 shares of the financial services provider's stock valued at $836,523,000 after purchasing an additional 548,052 shares during the period. Finally, Northern Trust Corp boosted its stake in Capital One Financial by 21.8% in the 4th quarter. Northern Trust Corp now owns 4,433,401 shares of the financial services provider's stock valued at $790,564,000 after purchasing an additional 793,765 shares during the period. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

Shares of COF stock traded down $1.5880 during trading on Tuesday, hitting $214.6120. The company's stock had a trading volume of 2,395,265 shares, compared to its average volume of 4,437,420. The business has a fifty day moving average of $211.51 and a 200-day moving average of $193.66. Capital One Financial Corporation has a 52 week low of $131.55 and a 52 week high of $232.45. The company has a market cap of $137.25 billion, a PE ratio of 110.06, a P/E/G ratio of 0.84 and a beta of 1.16. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. During the same period in the previous year, the business earned $3.14 earnings per share. Capital One Financial's revenue was up 31.4% on a year-over-year basis. As a group, research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a dividend of $0.60 per share. The ex-dividend date is Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. Capital One Financial's dividend payout ratio (DPR) is presently 123.08%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Citigroup raised their price objective on Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Rothschild & Co Redburn assumed coverage on Capital One Financial in a report on Friday, August 1st. They set a "buy" rating and a $290.00 price target for the company. JPMorgan Chase & Co. boosted 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. Wall Street Zen downgraded Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, 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. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $238.81.

Insider Buying and Selling at Capital One Financial

In related news, CAO Timothy P. Golden sold 3,462 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total value of $727,989.36. Following the sale, the chief accounting officer directly owned 8,987 shares of the company's stock, valued at $1,889,786.36. This trade represents a 27.81% 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, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the completion of the sale, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,091 shares of company stock worth $4,188,454 over the last 90 days. Corporate insiders own 1.26% of the company's stock.

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.