Gulf International Bank UK Ltd Sells 5,230 Shares of Capital One Financial Corporation (NYSE:COF)

Key Points

• Gulf International Bank UK Ltd reduced its stake in Capital One Financial Corporation by 19.1%, leaving it with 22,119 shares valued at approximately $3.97 million.
• Insider selling was noted, with Robert M. Alexander selling over 10,000 shares for around $2.3 million, indicating a 12.83% decrease in his ownership.
• Despite selling pressure, Capital One recently reported earnings per share of $5.48, significantly exceeding analyst expectations of $1.93, highlighting strong year-over-year revenue growth of 31.4%.

Gulf International Bank UK Ltd lessened its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 19.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,119 shares of the financial services provider's stock after selling 5,230 shares during the quarter. Gulf International Bank UK Ltd's holdings in Capital One Financial were worth $3,965,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Beacon Capital Management LLC grew its stake in Capital One Financial by 118.3% during the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after buying an additional 97 shares during the last quarter. Motco grew its stake in Capital One Financial by 115.1% during the 1st quarter. Motco now owns 256 shares of the financial services provider's stock worth $46,000 after buying an additional 137 shares during the last quarter. Bogart Wealth LLC grew its stake in Capital One Financial by 1,518.8% during the 1st quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock worth $46,000 after buying an additional 243 shares during the last quarter. Rossby Financial LCC purchased a new position in Capital One Financial during the 1st quarter worth approximately $48,000. Finally, Bernard Wealth Management Corp. purchased a new position in Capital One Financial during the 1st quarter worth approximately $54,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Insider Activity

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the business's stock in a transaction dated Monday, August 4th. The stock was 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 approximately $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Timothy P. Golden sold 3,462 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were 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 approximately $1,889,786.36. This trade represents a 27.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,091 shares of company stock valued at $4,188,454 over the last quarter. Company insiders own 1.26% of the company's stock.

Capital One Financial Price Performance

Shares of NYSE COF traded down $5.60 during trading on Friday, reaching $215.48. The company had a trading volume of 4,463,545 shares, compared to its average volume of 4,160,972. Capital One Financial Corporation has a twelve month low of $131.55 and a twelve month high of $232.45. The stock has a market capitalization of $137.80 billion, a PE ratio of 110.50, a price-to-earnings-growth ratio of 0.86 and a beta of 1.16. The stock has a 50-day moving average price of $211.17 and a two-hundred day moving average price of $193.72. 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 released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share 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 analyst estimates of $12.72 billion. The business's revenue was up 31.4% compared to the same quarter last year. During the same period last year, the firm earned $3.14 earnings per share. As a group, sell-side analysts predict 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. Capital One Financial's payout ratio is currently 123.08%.

Analyst Upgrades and Downgrades

COF has been the topic of several analyst reports. Rothschild & Co Redburn initiated coverage on Capital One Financial in a research note on Friday, August 1st. They issued a "buy" rating and a $290.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Barclays reissued an "overweight" rating and issued a $253.00 price target (up from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Royal Bank Of Canada raised their price target on Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Finally, TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $184.00 to $258.00 in a report on Tuesday, July 8th. Five research 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.