Princeton Global Asset Management LLC Sells 1,316 Shares of Capital One Financial Corporation $COF

Key Points

• Princeton Global Asset Management LLC sold 1,316 shares of Capital One Financial Corporation, reducing its holdings by 88.0% to just 179 shares, worth $38,000.
• Capital One Financial reported a quarterly earnings of $5.95 per share, significantly exceeding analysts' expectations of $4.25 and marking a 53.4% increase in revenue year-over-year.
• Several analysts have raised their price targets for Capital One Financial, with Evercore ISI setting a new target of $255, while Wells Fargo increased theirs to $265, indicating strong investor confidence.

Princeton Global Asset Management LLC trimmed its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 88.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 179 shares of the financial services provider's stock after selling 1,316 shares during the period. Princeton Global Asset Management LLC's holdings in Capital One Financial were worth $38,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in COF. Kingstone Capital Partners Texas LLC boosted its stake in Capital One Financial by 588,668.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider's stock valued at $24,988,129,000 after purchasing an additional 117,427,549 shares during the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in Capital One Financial during the 1st quarter valued at $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Capital One Financial by 45.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider's stock valued at $838,609,000 after purchasing an additional 1,454,595 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Capital One Financial by 23.7% during the 1st quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock valued at $889,519,000 after purchasing an additional 950,415 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Capital One Financial during the 1st quarter valued at $141,599,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

NYSE COF opened at $217.31 on Wednesday. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $232.45. The business's fifty day moving average price is $219.16 and its 200-day moving average price is $204.19. The stock has a market capitalization of $138.97 billion, a price-to-earnings ratio of 111.44, a PEG ratio of 0.77 and a beta of 1.18. 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 announced its earnings results on Tuesday, October 21st. The financial services provider reported $5.95 EPS for the quarter, topping analysts' consensus estimates of $4.25 by $1.70. The company had revenue of $15.36 billion during the quarter, compared to the consensus estimate of $15.06 billion. During the same period in the prior year, the business posted $4.51 earnings per share. Capital One Financial's revenue for the quarter was up 53.4% compared to the same quarter last year. On average, equities analysts predict 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 declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. Capital One Financial's dividend payout ratio (DPR) is currently 123.08%.

Analysts Set New Price Targets

Several analysts have commented on the company. Evercore ISI increased their target price on Capital One Financial from $240.00 to $255.00 and gave the company an "outperform" rating in a research note on Tuesday, September 30th. Wells Fargo & Company increased their target price on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Truist Financial increased their price target on Capital One Financial from $260.00 to $270.00 and gave the company a "buy" rating in a report on Friday, September 12th. Deutsche Bank Aktiengesellschaft increased their price target on Capital One Financial from $215.00 to $224.00 and gave the company a "hold" rating in a report on Thursday, October 2nd. Finally, Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Capital One Financial has a consensus rating of "Moderate Buy" and a consensus target price of $252.78.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, CAO Timothy P. Golden sold 207 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total transaction of $44,589.87. Following the sale, the chief accounting officer directly owned 8,780 shares of the company's stock, valued at $1,891,299.80. This trade represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the sale, the insider directly owned 27,364 shares in the company, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,184 shares of company stock valued at $2,799,248 over the last ninety days. 1.26% of the stock is currently owned by company insiders.

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.

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