Jones Financial Companies Lllp Has $4.28 Million Stake in Capital One Financial Corporation $COF

Key Points

• Jones Financial Companies Lllp reduced its stake in Capital One Financial Corporation by 57.6%, now owning 23,849 shares valued at approximately $4.28 million.
• Capital One's quarterly earnings were significantly higher than expected, reporting $5.48 earnings per share compared to the consensus estimate of $1.93.
• Insider trading saw a notable sale, with insider Michael Zamsky selling 5,515 shares of Capital One stock, reflecting a 16.77% decrease in his position.

Jones Financial Companies Lllp lowered its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 57.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,849 shares of the financial services provider's stock after selling 32,411 shares during the period. Jones Financial Companies Lllp's holdings in Capital One Financial were worth $4,276,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in COF. Diamond Hill Capital Management Inc. bought a new stake in shares of Capital One Financial in the 1st quarter valued at $381,848,000. Bank of New York Mellon Corp increased its position in shares of 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 buying an additional 950,415 shares in the last quarter. Nuveen LLC bought a new position in Capital One Financial during the 1st quarter worth about $141,599,000. PointState Capital LP bought a new position in Capital One Financial during the 4th quarter worth about $139,997,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in 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 purchasing an additional 765,292 shares in the last quarter. Institutional investors own 89.84% of the company's stock.

Capital One Financial Stock Performance

Capital One Financial stock traded down $0.76 during midday trading on Friday, reaching $223.59. 2,153,601 shares of the company's stock were exchanged, compared to its average volume of 2,938,300. Capital One Financial Corporation has a 52 week low of $137.64 and a 52 week high of $232.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $142.99 billion, a price-to-earnings ratio of 114.66, a P/E/G ratio of 0.87 and a beta of 1.17. The stock's 50-day simple moving average is $217.89 and its 200 day simple moving average is $196.49.

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

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial's payout ratio is currently 123.08%.

Insider Transactions at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total transaction of $446,800.00. Following the completion of the sale, the general counsel owned 100,486 shares in the company, valued at $22,448,572.40. The trade was a 1.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the sale, the insider owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,298 shares of company stock worth $4,679,844. Insiders own 1.26% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on COF shares. Wall Street Zen cut Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Barclays reiterated an "overweight" rating and set a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Citigroup increased their target price on Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Finally, Rothschild & Co Redburn started coverage on Capital One Financial in a report on Friday, August 1st. They set a "buy" rating and a $290.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Capital One Financial presently has an average rating of "Moderate Buy" and a consensus target price of $239.44.

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.