LTS One Management LP lowered its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 15.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 131,000 shares of the financial services provider's stock after selling 24,000 shares during the quarter. Capital One Financial accounts for about 7.0% of LTS One Management LP's investment portfolio, making the stock its 4th largest position. LTS One Management LP's holdings in Capital One Financial were worth $23,488,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Beacon Capital Management LLC lifted its holdings in Capital One Financial by 118.3% during the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 97 shares in the last quarter. Bogart Wealth LLC increased its position in Capital One Financial by 1,518.8% in the first 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 increased its position in Capital One Financial by 115.1% in the first quarter. Motco now owns 256 shares of the financial services provider's stock worth $46,000 after purchasing an additional 137 shares during the last quarter. Rossby Financial LCC bought a new stake in Capital One Financial in the first quarter worth $48,000. Finally, Bernard Wealth Management Corp. bought a new position in Capital One Financial during the first quarter valued at $54,000. Hedge funds and other institutional investors own 89.84% of the company's stock.
Insider Buying and Selling
In related news, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the transaction, the insider owned 68,707 shares in the company, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Timothy P. Golden sold 3,462 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the transaction, the chief accounting officer owned 8,987 shares in the company, 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. In the last quarter, insiders have sold 19,298 shares of company stock worth $4,233,044. 1.26% of the stock is owned by company insiders.
Capital One Financial Stock Up 0.1%
Shares of COF stock traded up $0.29 during mid-day trading on Monday, hitting $227.43. 2,551,623 shares of the stock traded hands, compared to its average volume of 3,154,554. The stock has a market cap of $145.44 billion, a P/E ratio of 116.63, a P/E/G ratio of 0.89 and a beta of 1.17. The stock's fifty day moving average is $215.76 and its two-hundred day moving average is $194.93. Capital One Financial Corporation has a 52-week low of $131.55 and a 52-week high of $232.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02.
Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 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 business's revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period in the previous year, the business earned $3.14 earnings per share. Equities analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.
Capital One Financial Dividend Announcement
The firm also recently declared 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 dividend payout ratio is 123.08%.
Analysts Set New Price Targets
A number of research analysts have recently commented on COF shares. Bank of America upped their price target on shares of Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Royal Bank Of Canada upped their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. TD Cowen raised shares of Capital One Financial from a "hold" rating to a "buy" rating and upped their price objective for the stock from $184.00 to $258.00 in a research note on Tuesday, July 8th. Wall Street Zen lowered shares of Capital One Financial from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Citigroup upped their price objective on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Three equities 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 data from MarketBeat, Capital One Financial currently has a consensus rating of "Moderate Buy" and an average price target of $238.81.
Read Our Latest Stock Analysis on COF
About Capital One Financial
(
Free Report)
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.
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