Goldman Sachs Group Inc. Has $854.65 Million Stock Position in Capital One Financial Corporation (NYSE:COF)

Key Points

• Goldman Sachs Group Inc. increased its stake in Capital One Financial by 18.2%, acquiring an additional 734,939 shares, bringing its total holdings to approximately 4.77 million shares valued at $854.6 million.
• Insider Michael Zamsky sold 5,515 shares of Capital One stock, reducing his ownership by 16.77%, while other insiders also sold shares, with collective insider sales totaling 26,847 shares worth approximately $5.7 million in the last quarter.
• Capital One recently reported $5.48 EPS for the quarter, exceeding analysts' expectations, and announced a quarterly dividend of $0.60 per share, indicating a significant dividend payout ratio of 123.08%.

Goldman Sachs Group Inc. grew its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 18.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,766,573 shares of the financial services provider's stock after acquiring an additional 734,939 shares during the quarter. Goldman Sachs Group Inc. owned 1.25% of Capital One Financial worth $854,647,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Beacon Capital Management LLC increased its stake in shares of Capital One Financial by 118.3% in the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 97 shares during the last quarter. Motco increased its stake in shares of Capital One Financial by 115.1% in the 1st quarter. Motco now owns 256 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 137 shares during the last quarter. Bogart Wealth LLC increased its stake in shares of Capital One Financial by 1,518.8% in the 1st quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 243 shares during the last quarter. Rossby Financial LCC bought a new stake in shares of Capital One Financial in the 1st quarter valued at about $48,000. Finally, Bernard Wealth Management Corp. bought a new stake in shares of Capital One Financial in the 1st quarter valued at about $54,000. 89.84% of the stock is owned by institutional investors.

Capital One Financial Stock Up 0.5%

Shares of Capital One Financial stock traded up $1.03 on Friday, reaching $208.32. 3,108,026 shares of the company were exchanged, compared to its average volume of 4,080,770. Capital One Financial Corporation has a one year low of $131.55 and a one year high of $232.45. The company has a market capitalization of $133.22 billion, a price-to-earnings ratio of 106.83, a PEG ratio of 0.82 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. The company has a 50-day moving average of $208.99 and a 200 day moving average of $193.22.

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 earnings per share for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. During the same quarter last year, the company posted $3.14 EPS. The firm's revenue was up 31.4% on a year-over-year basis. On average, equities research analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently declared 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. This represents a $2.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, August 15th. Capital One Financial's dividend payout ratio is 123.08%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on COF shares. Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Wells Fargo & Company boosted their price objective on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Wall Street Zen lowered Capital One Financial from a "buy" rating to a "hold" rating in a research report on Saturday. JPMorgan Chase & Co. boosted their price objective on Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Bank of America boosted their price objective on Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, Capital One Financial presently has a consensus rating of "Moderate Buy" and an average price target of $238.81.

Insider Activity at Capital One Financial

In related news, insider Michael Zamsky sold 5,515 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the sale, the insider owned 27,364 shares in the company, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the transaction, the director owned 56,244 shares in the company, valued at $11,175,682.80. The trade was a 2.86% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,847 shares of company stock worth $5,696,173. Company 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.