Lmcg Investments LLC Has $16.18 Million Stake in Capital One Financial Co. (NYSE:COF)

Lmcg Investments LLC reduced its holdings in Capital One Financial Co. (NYSE:COF - Free Report) by 5.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,224 shares of the financial services provider's stock after selling 5,089 shares during the quarter. Capital One Financial accounts for 1.1% of Lmcg Investments LLC's portfolio, making the stock its 19th largest position. Lmcg Investments LLC's holdings in Capital One Financial were worth $16,177,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in COF. Norges Bank bought a new stake in shares of Capital One Financial during the fourth quarter valued at about $590,279,000. Lone Pine Capital LLC bought a new position in Capital One Financial in the 4th quarter valued at about $577,012,000. Egerton Capital UK LLP acquired a new position in Capital One Financial during the 4th quarter valued at about $279,159,000. FMR LLC raised its position in shares of Capital One Financial by 21.6% during the 4th quarter. FMR LLC now owns 8,077,886 shares of the financial services provider's stock worth $1,440,449,000 after buying an additional 1,436,935 shares in the last quarter. Finally, Meritage Group LP acquired a new stake in shares of Capital One Financial in the 4th quarter worth approximately $227,662,000. Institutional investors own 89.84% of the company's stock.

Capital One Financial Trading Up 3.3%

Shares of NYSE:COF traded up $6.27 during mid-day trading on Friday, hitting $198.27. The stock had a trading volume of 3,450,699 shares, compared to its average volume of 3,503,946. Capital One Financial Co. has a 12-month low of $128.23 and a 12-month high of $210.67. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $75.96 billion, a PE ratio of 17.11, a P/E/G ratio of 1.19 and a beta of 1.13. The company's 50 day moving average is $180.35 and its 200-day moving average is $184.90.

Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.75 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The company had revenue of $10 billion during the quarter, compared to analyst estimates of $10.07 billion. On average, sell-side analysts predict that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were paid a $0.60 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.40 annualized dividend and a yield of 1.21%. Capital One Financial's dividend payout ratio is presently 20.15%.

Analysts Set New Price Targets

COF has been the topic of several recent analyst reports. Bank of America boosted their target price on Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Citigroup dropped their price objective on Capital One Financial from $245.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. BTIG Research upgraded Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price objective for the company in a report on Tuesday, March 25th. JPMorgan Chase & Co. decreased their target price on Capital One Financial from $198.00 to $170.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Truist Financial upped their price target on shares of Capital One Financial from $215.00 to $225.00 and gave the company a "buy" rating in a report on Friday, April 25th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $207.60.

Insiders Place Their Bets

In related news, Director Ann F. Hackett sold 1,658 shares of Capital One Financial stock in a transaction on Monday, May 12th. The stock was sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the sale, the director now owns 56,244 shares of the company's stock, valued at approximately $11,175,682.80. This trade represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Zamsky sold 9,560 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $199.40, for a total value of $1,906,264.00. Following the sale, the insider now directly owns 20,089 shares of the company's stock, valued at $4,005,746.60. This trade represents a 32.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.