Capital One Financial Corporation (NYSE:COF) Shares Sold by Hosking Partners LLP

Key Points

• Hosking Partners LLP reduced its stake in Capital One Financial Corporation by 7.9%, selling 24,439 shares and retaining 284,909 shares, making the stock 14th in its portfolio.
• Insider transactions included the sale of 10,114 shares by Robert M. Alexander and 5,515 shares by Michael Zamsky, reflecting decreases of 12.83% and 16.77% in their respective holdings.
• Several analysts have upgraded their price targets for Capital One Financial, with Royal Bank of Canada raising its target from $240 to $255 and Wells Fargo increasing theirs from $225 to $265.

Hosking Partners LLP trimmed its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 7.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 284,909 shares of the financial services provider's stock after selling 24,439 shares during the period. Capital One Financial accounts for approximately 2.2% of Hosking Partners LLP's portfolio, making the stock its 14th largest holding. Hosking Partners LLP owned 0.07% of Capital One Financial worth $51,084,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock valued at $2,423,000 after buying an additional 10,428 shares during the last quarter. FIL Ltd grew its stake in shares of Capital One Financial by 15.5% in the fourth quarter. FIL Ltd now owns 4,434 shares of the financial services provider's stock worth $791,000 after purchasing an additional 595 shares during the last quarter. Bank of Nova Scotia grew its stake in shares of Capital One Financial by 5.3% in the fourth quarter. Bank of Nova Scotia now owns 51,473 shares of the financial services provider's stock worth $9,179,000 after purchasing an additional 2,608 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Capital One Financial by 5.0% in the fourth quarter. Bessemer Group Inc. now owns 32,616 shares of the financial services provider's stock worth $5,816,000 after purchasing an additional 1,539 shares during the last quarter. Finally, Scotia Capital Inc. bought a new stake in shares of Capital One Financial in the fourth quarter worth about $1,340,000. 89.84% of the stock is owned by institutional investors.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the company'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 sale, the insider directly owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert M. Alexander sold 10,114 shares of the company'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 sale, the insider directly owned 68,707 shares in the company, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

Capital One Financial Stock Up 0.3%

Capital One Financial stock traded up $0.65 during mid-day trading on Wednesday, reaching $217.38. 1,308,678 shares of the company were exchanged, compared to its average volume of 4,465,569. The business has a fifty day moving average of $209.75 and a 200 day moving average of $193.34. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial Corporation has a 12-month low of $131.55 and a 12-month high of $232.45. The firm has a market cap of $139.02 billion, a P/E ratio of 111.47, a PEG ratio of 0.82 and a beta of 1.16.

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 (EPS) for the quarter, topping the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to analysts' expectations of $12.72 billion. During the same period in the prior year, the firm posted $3.14 earnings per share. Capital One Financial's revenue for the quarter was up 31.4% compared to the same quarter last year. Research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders 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 of this dividend is Friday, August 15th. Capital One Financial's dividend payout ratio is presently 123.08%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on COF. Keefe, Bruyette & Woods raised their target price on Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Bank of America lifted their target price on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and lifted their target price for the company from $184.00 to $258.00 in a report on Tuesday, July 8th. Citigroup lifted their target price on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, Rothschild & Co Redburn initiated coverage on shares of Capital One Financial in a report on Friday, August 1st. They set a "buy" rating and a $290.00 target price for the company. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus 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.