MetLife Investment Management LLC Reduces Stock Position in Capital One Financial Corporation $COF

Key Points

• MetLife Investment Management LLC reduced its stake in Capital One Financial by 1.9%, owning 98,961 shares valued at approximately $17.74 million after selling 1,963 shares in the first quarter.
• Capital One Financial recently reported impressive earnings, with $5.48 earnings per share for the quarter, significantly beating analyst expectations of $1.93, despite revenue coming in slightly below forecasts.
• The company disclosed a quarterly dividend of $0.60 per share, set to be paid on September 2nd, representing a 1.1% yield and a payout ratio of 123.08%.

MetLife Investment Management LLC decreased its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 1.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 98,961 shares of the financial services provider's stock after selling 1,963 shares during the period. MetLife Investment Management LLC's holdings in Capital One Financial were worth $17,744,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Capital One Financial by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider's stock worth $5,782,590,000 after acquiring an additional 506,105 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in 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 worth $889,519,000 after buying an additional 950,415 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Capital One Financial by 18.2% during the first quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider's stock worth $854,647,000 after purchasing an additional 734,939 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Capital One Financial by 13.3% in the 1st quarter. Invesco Ltd. now owns 4,665,496 shares of the financial services provider's stock valued at $836,523,000 after buying an additional 548,052 shares during the period. Finally, Northern Trust Corp lifted its holdings in Capital One Financial by 21.8% in the fourth quarter. Northern Trust Corp now owns 4,433,401 shares of the financial services provider's stock valued at $790,564,000 after acquiring an additional 793,765 shares during the period. Hedge funds and other institutional investors own 89.84% of the company's stock.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was 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 of the company's stock, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction that occurred 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 completion of the transaction, 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 sold a total of 19,298 shares of company stock valued at $4,233,044 in the last ninety days. Insiders own 1.26% of the company's stock.

Capital One Financial Stock Performance

Shares of COF traded up $2.77 during midday trading on Thursday, reaching $227.32. 2,822,261 shares of the stock were exchanged, compared to its average volume of 4,385,776. The company has a market capitalization of $145.37 billion, a price-to-earnings ratio of 116.57, a PEG ratio of 0.88 and a beta of 1.16. The business's 50-day moving average price is $214.58 and its 200 day moving average price is $194.56. 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 Corporation has a twelve month low of $131.55 and a twelve month high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. During the same quarter in the prior year, the firm posted $3.14 earnings per share. The company's revenue for the quarter was up 31.4% compared to the same quarter last year. On average, sell-side analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be given 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%.

Analysts Set New Price Targets

COF has been the topic of several recent analyst reports. Truist Financial increased their target price on shares of Capital One Financial from $225.00 to $260.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Barclays reissued an "overweight" rating and issued a $253.00 price target (up from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Royal Bank Of Canada upped their target price on Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. TD Cowen raised shares of Capital One Financial from a "hold" rating to a "buy" rating and lifted their price target for the company from $184.00 to $258.00 in a research report on Tuesday, July 8th. Finally, Bank of America upped their target price on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $238.81.

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.