M&T Bank Corp Reduces Stock Position in Capital One Financial Corporation (NYSE:COF)

M&T Bank Corp cut its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 4.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 118,859 shares of the financial services provider's stock after selling 6,024 shares during the quarter. M&T Bank Corp's holdings in Capital One Financial were worth $21,311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in COF. Vanguard Group Inc. raised its position in Capital One Financial by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 31,744,818 shares of the financial services provider's stock worth $5,660,736,000 after acquiring an additional 234,863 shares during the period. Franklin Resources Inc. raised its position in Capital One Financial by 3.2% in the fourth quarter. Franklin Resources Inc. now owns 10,718,860 shares of the financial services provider's stock worth $1,911,387,000 after acquiring an additional 331,595 shares during the period. Geode Capital Management LLC raised its position in Capital One Financial by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider's stock worth $1,467,393,000 after acquiring an additional 207,427 shares during the period. FMR LLC raised its position in Capital One Financial by 21.6% in the fourth quarter. FMR LLC now owns 8,077,886 shares of the financial services provider's stock worth $1,440,449,000 after acquiring an additional 1,436,935 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Capital One Financial by 23.7% in the first 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 acquiring an additional 950,415 shares during the period. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Wells Fargo & Company lifted their price objective on shares of Capital One Financial from $210.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Truist Financial boosted their price target on shares of Capital One Financial from $215.00 to $225.00 and gave the company a "buy" rating in a research report on Friday, April 25th. Citigroup lowered their price target on shares of Capital One Financial from $245.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Keefe, Bruyette & Woods boosted their price target on shares of Capital One Financial from $232.00 to $248.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, BTIG Research raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price target on the stock in a research report on Tuesday, March 25th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $219.73.

Capital One Financial Price Performance

COF stock traded up $3.33 during midday trading on Thursday, reaching $221.36. The company had a trading volume of 595,526 shares, compared to its average volume of 3,603,004. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.98 and a quick ratio of 0.97. Capital One Financial Corporation has a 1 year low of $128.23 and a 1 year high of $221.95. The company has a market capitalization of $84.81 billion, a P/E ratio of 18.60, a P/E/G ratio of 0.91 and a beta of 1.15. The firm has a 50-day moving average price of $198.52 and a 200-day moving average price of $188.43.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, topping analysts' consensus estimates of $3.75 by $0.31. Capital One Financial had a net margin of 9.65% and a return on equity of 9.63%. The business had revenue of $10 billion during the quarter, compared to analysts' expectations of $10.07 billion. On average, research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.08%. Capital One Financial's dividend payout ratio (DPR) is 20.15%.

Insiders Place Their Bets

In other news, Director Ann F. Hackett sold 1,658 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $198.70, for a total value of $329,444.60. Following the completion of the sale, the director owned 56,244 shares of the company's stock, valued at approximately $11,175,682.80. This represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Zamsky sold 9,560 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the completion of the sale, the insider directly owned 20,089 shares of the company's stock, valued at $4,005,746.60. This trade represents a 32.24% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

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.