HighTower Advisors LLC Cuts Stock Position in Capital One Financial Corporation $COF

Key Points

• HighTower Advisors LLC has reduced its stake in Capital One Financial (NYSE:COF) by 12.3%, holding 67,568 shares valued at approximately $12.12 million as of the last reporting period.
• Multiple institutional investors increased their positions in Capital One, with Mirae Asset Global Investments raising theirs by 18.6% during the first quarter, while Creative Financial Designs Inc. ADV boosted theirs by 105.3%.
• Analysts have mixed opinions on Capital One's stock, with ratings ranging from "hold" to "strong buy" and a consensus price target of approximately $238.81.

HighTower Advisors LLC decreased its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 12.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,568 shares of the financial services provider's stock after selling 9,439 shares during the quarter. HighTower Advisors LLC's holdings in Capital One Financial were worth $12,115,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of COF. 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 valued at $32,000 after acquiring an additional 97 shares in the last quarter. Bogart Wealth LLC boosted its holdings in shares of 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 purchasing an additional 243 shares during the last quarter. Motco grew its position in shares of Capital One Financial by 115.1% in the first quarter. Motco now owns 256 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 137 shares in the last quarter. Rossby Financial LCC purchased a new stake in shares of Capital One Financial in the first quarter valued at approximately $48,000. Finally, Bernard Wealth Management Corp. purchased a new stake in shares of Capital One Financial in the first quarter valued at approximately $54,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Trading Down 0.0%

COF traded down $0.0090 on Wednesday, hitting $214.6110. The company had a trading volume of 2,965,817 shares, compared to its average volume of 4,433,758. The firm has a market cap of $137.25 billion, a P/E ratio of 110.06, a PEG ratio of 0.84 and a beta of 1.16. Capital One Financial Corporation has a 1 year low of $131.55 and a 1 year high of $232.45. The company's fifty day moving average price is $211.78 and its 200 day moving average price is $193.80. 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 issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to analysts' expectations of $12.72 billion. The firm's quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.14 earnings per share. As a group, equities analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

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

Wall Street Analyst Weigh In

COF has been the subject of a number of analyst reports. Rothschild & Co Redburn initiated coverage on Capital One Financial in a research report on Friday, August 1st. They issued a "buy" rating and a $290.00 price target for the company. Citigroup lifted their price target on Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Bank of America lifted their price target on Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Keefe, Bruyette & Woods lifted their price target on Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Finally, TD Cowen upgraded Capital One Financial from a "hold" rating to a "buy" rating and lifted their price target for the stock from $184.00 to $258.00 in a report on Tuesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $238.81.

Insiders Place Their Bets

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction dated 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 sale, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the insider owned 27,364 shares in the company, valued at $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,298 shares of company stock worth $4,233,044 over the last three months. Company insiders own 1.26% of the company's stock.

Capital One Financial Company 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.