M&T Bank Corp Lowers Stake in Capital One Financial Corporation (NYSE:COF)

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Capital One Financial by 18.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock valued at $10,010,000 after buying an additional 9,374 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in Capital One Financial by 105.3% in the first quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock valued at $138,000 after buying an additional 394 shares during the period. Lansforsakringar Fondforvaltning AB publ acquired a new position in Capital One Financial in the fourth quarter valued at $91,780,000. Janney Montgomery Scott LLC lifted its holdings in Capital One Financial by 9.6% in the first quarter. Janney Montgomery Scott LLC now owns 98,617 shares of the financial services provider's stock valued at $17,682,000 after buying an additional 8,651 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Capital One Financial by 7.1% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 49,459 shares of the financial services provider's stock valued at $8,868,000 after buying an additional 3,285 shares during the period. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Trading Down 0.4%

Shares of NYSE:COF traded down $0.88 on Friday, hitting $219.86. The company had a trading volume of 2,965,732 shares, compared to its average volume of 3,632,184. The firm's 50-day simple moving average is $199.97 and its two-hundred day simple moving average is $189.02. Capital One Financial Corporation has a 1 year low of $128.23 and a 1 year high of $221.95. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $84.24 billion, a price-to-earnings ratio of 18.46, a P/E/G ratio of 0.92 and a beta of 1.15.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.31. The company had revenue of $10 billion during the quarter, compared to analyst estimates of $10.07 billion. Capital One Financial had a net margin of 9.65% and a return on equity of 9.63%. Equities 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.60 per share. The ex-dividend date was Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 1.09%. Capital One Financial's dividend payout ratio is currently 20.15%.

Wall Street Analyst Weigh In

COF has been the subject of several research analyst reports. Keefe, Bruyette & Woods lifted 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 note on Wednesday. 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 note on Tuesday. Bank of America lifted their price target on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Royal Bank Of Canada set a $190.00 target price on shares of Capital One Financial and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Finally, Truist Financial boosted their target price on shares of Capital One Financial from $215.00 to $225.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $222.07.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 9,560 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $4,005,746.60. This trade represents a 32.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ann F. Hackett sold 1,658 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $198.70, for a total transaction of $329,444.60. Following 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 ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company 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.