Capital One Financial Corporation (NYSE:COF) Shares Sold by Pettyjohn Wood & White Inc.

Key Points

• Pettyjohn Wood & White Inc. reduced its stake in Capital One Financial by 39.5%, now holding 3,635 shares worth approximately $652,000.
• Several institutional investors significantly increased their positions in Capital One, including Bogart Wealth LLC, which raised its position by 1,518.8%.
• Equities analysts are optimistic about Capital One, with multiple firms raising their price targets, and the average rating now stands at "Moderate Buy."

Pettyjohn Wood & White Inc. trimmed its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 39.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,635 shares of the financial services provider's stock after selling 2,377 shares during the period. Pettyjohn Wood & White Inc.'s holdings in Capital One Financial were worth $652,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Beacon Capital Management LLC lifted its stake 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 valued at $32,000 after purchasing an additional 97 shares during the last quarter. Motco increased its holdings in shares of Capital One Financial by 115.1% in the first quarter. Motco now owns 256 shares of the financial services provider's stock worth $46,000 after purchasing an additional 137 shares during the period. Bogart Wealth LLC increased its holdings in shares of Capital One Financial by 1,518.8% in the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock worth $46,000 after purchasing an additional 243 shares during the period. Rossby Financial LCC bought a new position in Capital One Financial in the first quarter valued at $48,000. Finally, Bernard Wealth Management Corp. bought a new position in Capital One Financial in the first quarter valued at $54,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Royal Bank Of Canada upped their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their target price on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Wells Fargo & Company increased their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. TD Cowen raised shares of Capital One Financial from a "hold" rating to a "buy" rating and raised their target price for the company from $184.00 to $258.00 in a research note on Tuesday, July 8th. Finally, Rothschild & Co Redburn began coverage on shares of Capital One Financial in a research note on Friday. They set a "buy" rating and a $290.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Capital One Financial presently has a consensus rating of "Moderate Buy" and an average price target of $238.81.

Capital One Financial Stock Performance

COF stock traded down $7.53 during midday trading on Friday, hitting $207.47. 4,793,743 shares of the stock traded hands, compared to its average volume of 3,819,390. The stock's fifty day simple moving average is $206.91 and its 200-day simple moving average is $192.63. Capital One Financial Corporation has a 1-year low of $128.23 and a 1-year high of $232.45. The firm has a market cap of $79.49 billion, a P/E ratio of 106.40, a PEG ratio of 0.82 and a beta of 1.16. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last posted 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 business had revenue of $12.49 billion during the quarter, compared to analysts' expectations of $12.72 billion. The business's quarterly revenue was up 31.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.14 earnings per share. 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 15th. Capital One Financial's payout ratio is 123.08%.

Insider Activity

In other news, insider Michael Zamsky sold 9,560 shares of the business'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 value of $1,906,264.00. Following the sale, the insider directly owned 20,089 shares of the company's stock, valued at approximately $4,005,746.60. The trade was a 32.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction that occurred on Wednesday, July 23rd. The shares were 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 of the company's stock, 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. In the last three months, insiders have sold 21,332 shares of company stock valued at $4,540,285. Company insiders own 1.26% of the company's stock.

About Capital One Financial

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.