First Manhattan CO. LLC. Sells 23,199 Shares of Capital One Financial Corporation $COF

Key Points

• First Manhattan CO. LLC. reduced its stake in Capital One Financial Corporation by 4.3%, selling 23,199 shares and now holds 518,723 shares valued at approximately $93 million.
• Insider Michael Zamsky sold 5,515 shares of Capital One stock for about $1.15 million, marking a 16.77% decrease in his ownership.
• Capital One Financial announced a quarterly dividend of $0.60, with an annualized yield of 1.1%, despite a high dividend payout ratio of 123.08%.

First Manhattan CO. LLC. lowered its stake in shares of Capital One Financial Corporation (NYSE:COF) by 4.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 518,723 shares of the financial services provider's stock after selling 23,199 shares during the quarter. First Manhattan CO. LLC. owned approximately 0.14% of Capital One Financial worth $93,007,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. TFB Advisors LLC grew its holdings in Capital One Financial by 3.4% during the 1st quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider's stock worth $276,000 after acquiring an additional 51 shares during the last quarter. Opal Wealth Advisors LLC grew its holdings in Capital One Financial by 3.1% during the 1st quarter. Opal Wealth Advisors LLC now owns 2,155 shares of the financial services provider's stock worth $386,000 after acquiring an additional 64 shares during the last quarter. MAI Capital Management grew its holdings in Capital One Financial by 0.7% during the 1st quarter. MAI Capital Management now owns 8,622 shares of the financial services provider's stock worth $1,546,000 after acquiring an additional 64 shares during the last quarter. Y.D. More Investments Ltd grew its holdings in Capital One Financial by 13.9% during the 1st quarter. Y.D. More Investments Ltd now owns 540 shares of the financial services provider's stock worth $97,000 after acquiring an additional 66 shares during the last quarter. Finally, Aspiriant LLC lifted its position in Capital One Financial by 2.4% during the 1st quarter. Aspiriant LLC now owns 2,911 shares of the financial services provider's stock valued at $522,000 after purchasing an additional 67 shares during the period. Institutional investors own 89.84% of the company's stock.

Insider Activity at Capital One Financial

In related news, insider Michael Zamsky sold 5,515 shares of the firm's stock in a transaction 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 completion of the transaction, the insider directly owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of the firm's 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 transaction, the insider directly owned 68,707 shares of the company's stock, valued at $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,298 shares of company stock valued at $4,233,044. 1.26% of the stock is owned by corporate insiders.

Capital One Financial Price Performance

Shares of COF opened at $227.43 on Monday. The stock has a market capitalization of $145.44 billion, a P/E ratio of 116.63, a P/E/G ratio of 0.89 and a beta of 1.17. Capital One Financial Corporation has a twelve month low of $131.55 and a twelve month high of $232.45. The company has a 50 day moving average of $215.76 and a 200-day moving average of $194.93. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47.

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

Capital One Financial Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a research report on Friday, August 1st. They set a "buy" rating and a $290.00 target price on the stock. Bank of America upped their target price on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Truist Financial upped their target price on shares of Capital One Financial from $225.00 to $260.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Royal Bank Of Canada upped their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 23rd. Finally, Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $238.81.

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.

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