Mutual of America Capital Management LLC Lowers Stake in Capital One Financial Corporation (NYSE:COF)

Mutual of America Capital Management LLC reduced its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 3.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,332 shares of the financial services provider's stock after selling 1,372 shares during the quarter. Mutual of America Capital Management LLC's holdings in Capital One Financial were worth $7,949,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Beacon Capital Management LLC grew its holdings in Capital One Financial by 118.3% in the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after purchasing an additional 97 shares during the last quarter. Rossby Financial LCC purchased a new position in Capital One Financial in the first quarter worth $48,000. Bernard Wealth Management Corp. purchased a new position in Capital One Financial in the first quarter worth $54,000. Copia Wealth Management purchased a new position in Capital One Financial in the first quarter worth $55,000. Finally, Coppell Advisory Solutions LLC grew its holdings in Capital One Financial by 246.2% in the fourth quarter. Coppell Advisory Solutions LLC now owns 315 shares of the financial services provider's stock worth $56,000 after purchasing an additional 224 shares during the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Capital One Financial

In other 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 completion of the sale, the insider owned 68,707 shares of the company's stock, valued at $15,655,577.02. This represents a 12.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the sale, the insider directly owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,847 shares of company stock valued at $5,696,173. Corporate insiders own 1.26% of the company's stock.

Capital One Financial Price Performance

Shares of Capital One Financial stock traded up $1.03 during trading hours on Friday, reaching $208.32. The stock had a trading volume of 3,108,026 shares, compared to its average volume of 4,080,770. The stock's 50 day moving average is $208.99 and its 200 day moving average is $193.28. The firm has a market capitalization of $133.22 billion, a PE ratio of 106.83, a PEG ratio of 0.81 and a beta of 1.16. Capital One Financial Corporation has a twelve month low of $131.55 and a twelve month high of $232.45. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. During the same quarter last year, the company earned $3.14 EPS. The firm's revenue for the quarter was up 31.4% on a year-over-year basis. Equities analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 15th. Capital One Financial's dividend payout ratio is currently 123.08%.

Analyst Upgrades and Downgrades

COF has been the topic of a number of research analyst reports. TD Cowen raised shares of Capital One Financial from a "hold" rating to a "buy" rating and boosted their price objective for the company from $184.00 to $258.00 in a report on Tuesday, July 8th. Rothschild & Co Redburn initiated coverage on shares of Capital One Financial in a report on Friday, August 1st. They set a "buy" rating and a $290.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Bank of America boosted their price objective on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Finally, Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, Capital One Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $238.81.

Capital One Financial Company 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.