M&T Bank Corp reduced its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 4.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of COF. SBI Securities Co. Ltd. acquired a new stake in shares of Capital One Financial during the fourth quarter worth $32,000. Beacon Capital Management LLC boosted its position 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 acquiring an additional 97 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in Capital One Financial during the fourth quarter valued at $41,000. Rossby Financial LCC bought a new stake in Capital One Financial during the first quarter valued at $48,000. Finally, Bernard Wealth Management Corp. bought a new stake in Capital One Financial during the first quarter valued at $54,000. Institutional investors own 89.84% of the company's stock.
Capital One Financial Stock Performance
Shares of Capital One Financial stock traded up $0.59 during mid-day trading on Wednesday, hitting $218.09. 3,461,606 shares of the stock were exchanged, compared to its average volume of 3,610,691. Capital One Financial Corporation has a 12 month low of $128.23 and a 12 month high of $221.95. The company has a 50-day simple moving average of $197.76 and a 200 day simple moving average of $188.22. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.97 and a current ratio of 0.98. The company has a market capitalization of $83.56 billion, a P/E ratio of 18.31, a P/E/G ratio of 0.92 and a beta of 1.15.
Capital One Financial (NYSE:COF - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $10 billion for the quarter, compared to analysts' expectations of $10.07 billion. Sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.
Capital One Financial Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.40 annualized dividend and a dividend yield of 1.10%. Capital One Financial's dividend payout ratio is currently 20.15%.
Insider Activity at Capital One Financial
In other news, insider Michael Zamsky sold 9,560 shares of the firm's stock in a transaction that occurred 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 owned 20,089 shares in the company, valued at $4,005,746.60. This trade represents a 32.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ann F. Hackett sold 1,658 shares of the firm's stock in a transaction that occurred 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 sale, the director owned 56,244 shares of the company's stock, valued at approximately $11,175,682.80. The trade was a 2.86% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of brokerages have commented on COF. Wells Fargo & Company upped their price target on shares of Capital One Financial from $210.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Keefe, Bruyette & Woods increased their price objective on shares of Capital One Financial from $232.00 to $248.00 and gave the stock an "outperform" rating in a research report on Wednesday. Evercore ISI raised shares of Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 price objective on the stock in a research report on Wednesday, March 12th. JPMorgan Chase & Co. increased their price objective on shares of Capital One Financial from $183.00 to $210.00 and gave the stock a "neutral" rating in a research report on Thursday, June 26th. Finally, Royal Bank Of Canada set a $190.00 price objective on shares of Capital One Financial and gave the stock a "sector perform" rating in a research report on Monday, April 14th. 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $219.73.
Check Out Our Latest Stock Analysis on COF
Capital One Financial Company Profile
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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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