Capital One Financial Co. (NYSE:COF) Stake Reduced by QRG Capital Management Inc.

QRG Capital Management Inc. trimmed its holdings in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 9.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 119,827 shares of the financial services provider's stock after selling 11,840 shares during the period. QRG Capital Management Inc.'s holdings in Capital One Financial were worth $21,485,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Bfsg LLC acquired a new stake in shares of Capital One Financial in the fourth quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Capital One Financial during the fourth quarter valued at approximately $27,000. TruNorth Capital Management LLC purchased a new stake in shares of Capital One Financial during the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. purchased a new position in shares of Capital One Financial in the fourth quarter valued at $32,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Capital One Financial during the 4th quarter valued at $41,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, Director Ann F. Hackett sold 1,658 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $198.70, for a total transaction of $329,444.60. Following the sale, the director now directly owns 56,244 shares in the company, valued at approximately $11,175,682.80. The trade was a 2.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Zamsky sold 9,560 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 20,089 shares of the company's stock, valued at approximately $4,005,746.60. This represents a 32.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on COF shares. Wells Fargo & Company upped their price objective on shares of Capital One Financial from $210.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Truist Financial increased their price target on Capital One Financial from $215.00 to $225.00 and gave the company a "buy" rating in a report on Friday, April 25th. Baird R W upgraded Capital One Financial from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 11th. Citigroup reduced their target price on Capital One Financial from $245.00 to $230.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Finally, Robert W. Baird upgraded shares of Capital One Financial from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $190.00 to $200.00 in a research note on Tuesday, March 11th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Capital One Financial currently has a consensus rating of "Moderate Buy" and an average target price of $210.64.

Capital One Financial Stock Performance

Shares of Capital One Financial stock traded up $4.80 on Monday, reaching $197.63. 3,080,248 shares of the company were exchanged, compared to its average volume of 3,537,885. The firm has a market cap of $75.72 billion, a price-to-earnings ratio of 17.05, a P/E/G ratio of 1.19 and a beta of 1.13. Capital One Financial Co. has a 1-year low of $128.23 and a 1-year high of $210.67. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. The company's 50-day moving average is $184.50 and its two-hundred day moving average is $185.32.

Capital One Financial (NYSE:COF - Get Free Report) last issued 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. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.07 billion. As a group, research analysts expect that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were given a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.40 annualized dividend and a yield of 1.21%. Capital One Financial's dividend payout ratio is presently 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.