Prudential PLC Sells 2,326 Shares of Capital One Financial Corporation (NYSE:COF)

Key Points

• Prudential PLC reduced its holdings in Capital One Financial by 25.5%, selling 2,326 shares, now owning 6,807 shares worth approximately $1.22 million.
• Institutional investors, including Vanguard and Bank of New York Mellon, have increased their stakes in Capital One Financial, indicating strong institutional interest in the stock.
• Analysts have mixed views on Capital One Financial's stock, with ratings ranging from a "buy" to a "hold", and an average price target of $238.81.

Prudential PLC cut its holdings in Capital One Financial Corporation (NYSE:COF) by 25.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,807 shares of the financial services provider's stock after selling 2,326 shares during the quarter. Prudential PLC's holdings in Capital One Financial were worth $1,220,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Capital One Financial by 1.6% in the first quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider's stock valued at $5,782,590,000 after buying an additional 506,105 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Capital One Financial by 23.7% in the first 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 buying an additional 950,415 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Capital One Financial by 18.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider's stock valued at $854,647,000 after buying an additional 734,939 shares in the last quarter. Invesco Ltd. boosted its stake in Capital One Financial by 13.3% in the first quarter. Invesco Ltd. now owns 4,665,496 shares of the financial services provider's stock valued at $836,523,000 after buying an additional 548,052 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Capital One Financial by 21.8% in the fourth quarter. Northern Trust Corp now owns 4,433,401 shares of the financial services provider's stock valued at $790,564,000 after buying an additional 793,765 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on COF shares. Truist Financial lifted their price target on Capital One Financial from $225.00 to $260.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Rothschild & Co Redburn started coverage on Capital One Financial in a research note on Friday, August 1st. They set a "buy" rating and a $290.00 price target on the stock. Bank of America lifted their price target on Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Keefe, Bruyette & Woods lifted their price target on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Finally, Wall Street Zen lowered Capital One Financial from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Capital One Financial has an average rating of "Moderate Buy" and an average price target of $238.81.

Insiders Place Their Bets

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the completion of the sale, the insider directly owned 68,707 shares in the company, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the sale, the insider owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,091 shares of company stock worth $4,188,454. 1.26% of the stock is owned by corporate insiders.

Capital One Financial Price Performance

Capital One Financial stock opened at $215.48 on Friday. The stock's 50 day moving average is $211.17 and its 200 day moving average is $193.72. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $137.80 billion, a P/E ratio of 110.50, a P/E/G ratio of 0.86 and a beta of 1.16. Capital One Financial Corporation has a one year low of $131.55 and a one year high of $232.45.

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 the consensus estimate of $12.72 billion. The company's revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.14 earnings per share. As a group, research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, August 15th. Capital One Financial's payout ratio is presently 123.08%.

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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