Principal Financial Group Inc. Lowers Stock Position in Capital One Financial Corporation (NYSE:COF)

Principal Financial Group Inc. cut its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 0.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 425,426 shares of the financial services provider's stock after selling 2,194 shares during the quarter. Principal Financial Group Inc. owned 0.11% of Capital One Financial worth $76,279,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in COF. Brighton Jones LLC grew its holdings in shares of Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock valued at $2,423,000 after purchasing an additional 10,428 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Capital One Financial during the 4th quarter worth approximately $32,000. Keybank National Association OH boosted its position in Capital One Financial by 2.0% during the 4th quarter. Keybank National Association OH now owns 4,873 shares of the financial services provider's stock worth $869,000 after buying an additional 94 shares during the period. Proficio Capital Partners LLC boosted its position in Capital One Financial by 27.0% during the 4th quarter. Proficio Capital Partners LLC now owns 2,556 shares of the financial services provider's stock worth $456,000 after buying an additional 544 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Capital One Financial during the 4th quarter worth approximately $115,091,000. 89.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Capital One Financial news, Director Ann F. Hackett sold 1,658 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the sale, the director owned 56,244 shares in the company, valued at approximately $11,175,682.80. The trade was a 2.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael Zamsky sold 9,560 shares of the business's stock in a transaction on Monday, May 12th. The shares were 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 $4,005,746.60. This trade represents a 32.24% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.

Capital One Financial Trading Down 1.3%

Shares of NYSE:COF traded down $2.84 during mid-day trading on Monday, hitting $218.07. The company had a trading volume of 2,741,840 shares, compared to its average volume of 3,608,523. The firm has a fifty day moving average price of $196.37 and a 200 day moving average price of $187.74. The company has a market capitalization of $83.55 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 0.93 and a beta of 1.15. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.98 and a quick ratio of 0.97. Capital One Financial Corporation has a one year low of $128.23 and a one year high of $221.95.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, beating the consensus estimate of $3.75 by $0.31. The company had revenue of $10 billion during the quarter, compared to analyst estimates 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 forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 1.10%. Capital One Financial's dividend payout ratio (DPR) is presently 20.15%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Barclays reiterated an "overweight" rating and set a $253.00 target price (up from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Truist Financial lifted their target price 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. Bank of America boosted their price target on shares of Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Evercore ISI upgraded shares of Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 price target on the stock in a research report on Wednesday, March 12th. Finally, Baird R W upgraded shares of Capital One Financial from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $215.86.

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.