OLD National Bancorp IN Sells 17,443 Shares of Capital One Financial Corporation $COF

Key Points

• OLD National Bancorp IN reduced its stake in Capital One Financial Corporation by 15%, selling 17,443 shares during the 2nd quarter, with remaining holdings valued at $21.07 million.
• Insiders at Capital One Financial have sold a total of 23,298 shares worth over $5.1 million in the last quarter, indicating a decrease in their holdings.
• Analyst ratings for Capital One vary, with target prices ranging from $225 to $266, highlighting a generally positive outlook with multiple upgrades.

OLD National Bancorp IN lowered its stake in Capital One Financial Corporation (NYSE:COF) by 15.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,050 shares of the financial services provider's stock after selling 17,443 shares during the period. OLD National Bancorp IN's holdings in Capital One Financial were worth $21,074,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Olistico Wealth LLC boosted its holdings in shares of Capital One Financial by 439.1% during the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock valued at $26,000 after buying an additional 101 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in shares of Capital One Financial by 37.7% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 1,843 shares of the financial services provider's stock valued at $392,000 after buying an additional 505 shares in the last quarter. Berger Financial Group Inc bought a new stake in shares of Capital One Financial during the 2nd quarter valued at $322,000. Clarius Group LLC boosted its holdings in shares of Capital One Financial by 64.8% during the 2nd quarter. Clarius Group LLC now owns 3,672 shares of the financial services provider's stock valued at $781,000 after buying an additional 1,444 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its holdings in shares of Capital One Financial by 79.8% during the 2nd quarter. Checchi Capital Advisers LLC now owns 5,589 shares of the financial services provider's stock valued at $1,189,000 after buying an additional 2,481 shares in the last quarter. Institutional investors own 89.84% of the company's stock.

Insider Buying and Selling at Capital One Financial

In other news, CAO Timothy P. Golden sold 3,462 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total value of $727,989.36. Following the transaction, the chief accounting officer owned 8,987 shares in the company, valued at $1,889,786.36. This represents a 27.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, the insider owned 68,707 shares in the company, valued at $15,655,577.02. This trade represents a 12.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,298 shares of company stock worth $5,103,824 over the last quarter. Company insiders own 1.26% of the company's stock.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $214.39 on Friday. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The business has a 50-day simple moving average of $219.30 and a two-hundred day simple moving average of $201.16. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $137.10 billion, a price-to-earnings ratio of 109.94, a price-to-earnings-growth ratio of 0.82 and a beta of 1.18.

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

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial's dividend payout ratio is 123.08%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a report on Friday, July 25th. The Goldman Sachs Group dropped their target price on shares of Capital One Financial from $276.00 to $266.00 and set a "buy" rating on the stock in a report on Friday. Wall Street Zen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating in a report on Friday, September 26th. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Finally, Evercore ISI upped their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an "outperform" rating in a research note on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $249.06.

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.

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