Gamco Investors INC. ET AL Cuts Stake in Capital One Financial Corporation $COF

Key Points

• Gamco Investors INC. ET AL has decreased its stake in Capital One Financial Corporation by 47.6%, holding 1,333 shares valued at approximately $239,000.
• Several other institutional investors, such as Beacon Capital Management LLC and Bogart Wealth LLC, have increased their holdings in Capital One Financial significantly during the same period.
• Capital One Financial reported earnings of $5.48 per share for the latest quarter, exceeding expectations, while also announcing a quarterly dividend of $0.60 to be paid on September 2nd.

Gamco Investors INC. ET AL lowered its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 47.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,333 shares of the financial services provider's stock after selling 1,213 shares during the period. Gamco Investors INC. ET AL's holdings in Capital One Financial were worth $239,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of COF. Diamond Hill Capital Management Inc. bought a new position in Capital One Financial in the first quarter valued at approximately $381,848,000. Bank of New York Mellon Corp boosted its holdings 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. Nuveen LLC bought a new stake in Capital One Financial in the 1st quarter valued at about $141,599,000. PointState Capital LP bought a new stake in Capital One Financial in the 4th quarter valued at about $139,997,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Capital One Financial by 31.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,222,533 shares of the financial services provider's stock worth $574,642,000 after acquiring an additional 765,292 shares during the period. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Stock Down 1.7%

Shares of COF traded down $3.89 during trading hours on Tuesday, reaching $223.33. 3,470,726 shares of the stock traded hands, compared to its average volume of 3,045,817. 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 stock has a fifty day simple moving average of $216.61 and a 200 day simple moving average of $195.30. 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 $142.83 billion, a price-to-earnings ratio of 114.53, a PEG ratio of 0.89 and a beta of 1.17.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping the consensus estimate 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. The business's revenue was up 31.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.14 EPS. On average, equities analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

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 given 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 dividend payout ratio (DPR) is 123.08%.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the sale, the insider owned 27,364 shares of the company's stock, valued at $5,735,220.76. This represents a 16.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Timothy P. Golden sold 207 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total transaction of $44,589.87. Following the sale, the chief accounting officer directly owned 8,780 shares of the company's stock, valued at $1,891,299.80. The trade was a 2.30% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,298 shares of company stock valued at $4,233,044. Insiders own 1.26% of the company's stock.

Analyst Ratings Changes

COF has been the subject of a number of recent analyst reports. Truist Financial upped their price target on shares of Capital One Financial from $225.00 to $260.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Barclays reaffirmed an "overweight" rating and set a $253.00 price target (up previously from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Wall Street Zen downgraded shares of Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Citigroup increased their price objective on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Finally, Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $238.81.

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.