Pinnacle Financial Partners Inc Sells 2,001 Shares of Capital One Financial Corporation (NYSE:COF)

Pinnacle Financial Partners Inc cut its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 13.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,540 shares of the financial services provider's stock after selling 2,001 shares during the period. Pinnacle Financial Partners Inc's holdings in Capital One Financial were worth $2,239,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Capital One Financial by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 31,744,818 shares of the financial services provider's stock worth $5,660,736,000 after purchasing an additional 234,863 shares in the last quarter. Franklin Resources Inc. grew its holdings in Capital One Financial by 3.2% during the fourth quarter. Franklin Resources Inc. now owns 10,718,860 shares of the financial services provider's stock worth $1,911,387,000 after buying an additional 331,595 shares in the last quarter. Geode Capital Management LLC raised its position in Capital One Financial by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider's stock valued at $1,467,393,000 after buying an additional 207,427 shares during the last quarter. FMR LLC lifted its stake in Capital One Financial by 21.6% during the 4th quarter. FMR LLC now owns 8,077,886 shares of the financial services provider's stock valued at $1,440,449,000 after acquiring an additional 1,436,935 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Capital One Financial by 21.8% during the 4th quarter. Northern Trust Corp now owns 4,433,401 shares of the financial services provider's stock worth $790,564,000 after acquiring an additional 793,765 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Insiders Place Their Bets

In related news, insider Michael Zamsky sold 9,560 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the sale, the insider owned 20,089 shares of the company's stock, valued at approximately $4,005,746.60. This represents a 32.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ann F. Hackett sold 1,658 shares of Capital One Financial stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $198.70, for a total value of $329,444.60. Following the transaction, the director directly owned 56,244 shares of the company's stock, valued at $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 Ratings Changes

COF has been the subject of several analyst reports. Citigroup lowered their target price on shares of Capital One Financial from $245.00 to $230.00 and set a "buy" rating for the company in a report on Monday, March 24th. Truist Financial upped their price objective 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. Barclays reissued an "overweight" rating and set a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Robert W. Baird upgraded Capital One Financial from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $190.00 to $200.00 in a research note on Tuesday, March 11th. Finally, Royal Bank Of Canada set a $190.00 target price on Capital One Financial and gave the company a "sector perform" rating in a report on Monday, April 14th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Capital One Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $215.86.

Capital One Financial Trading Up 1.8%

Shares of Capital One Financial stock opened at $218.97 on Thursday. The stock has a market capitalization of $83.90 billion, a P/E ratio of 18.39, a P/E/G ratio of 0.90 and a beta of 1.15. Capital One Financial Corporation has a 52-week low of $128.23 and a 52-week high of $219.26. 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 stock's 50-day simple moving average is $194.89 and its 200 day simple moving average is $187.04.

Capital One Financial (NYSE:COF - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.31. The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.07 billion. Capital One Financial had a net margin of 9.65% and a return on equity of 9.63%. As a group, research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The business 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%.

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.

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