Capital One Financial Corporation $COF Shares Sold by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC reduced its position in Capital One Financial by 6.3%, with holdings valued at approximately $22.61 million after selling 8,526 shares during the first quarter.
• Capital One Financial recently announced a quarterly dividend of $0.60 per share, representing an annualized yield of 1.1%, with a payout ratio of 123.08%.
• Several analysts upgraded their ratings for Capital One Financial, with Citigroup increasing their price target from $250 to $275, indicating strong positive sentiment among brokerages.

Rafferty Asset Management LLC decreased its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 6.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,077 shares of the financial services provider's stock after selling 8,526 shares during the quarter. Rafferty Asset Management LLC's holdings in Capital One Financial were worth $22,606,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in COF. Beacon Capital Management LLC grew its holdings in Capital One Financial by 118.3% during the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 97 shares in the last quarter. Motco boosted its position in Capital One Financial by 115.1% in the 1st quarter. Motco now owns 256 shares of the financial services provider's stock valued at $46,000 after buying an additional 137 shares during the last quarter. Bogart Wealth LLC grew its stake in shares of Capital One Financial by 1,518.8% during the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 243 shares in the last quarter. Rossby Financial LCC acquired a new stake in shares of Capital One Financial during the first quarter valued at about $48,000. Finally, Bernard Wealth Management Corp. purchased a new stake in shares of Capital One Financial during the first quarter worth about $54,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on COF shares. TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and increased their price target for the company from $184.00 to $258.00 in a report on Tuesday, July 8th. Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. 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 note on Monday, June 23rd. Royal Bank Of Canada raised their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $238.81.

Insider Activity at Capital One Financial

In other Capital One Financial news, CAO Timothy P. Golden sold 207 shares of Capital One Financial stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total value of $44,589.87. Following the completion of the transaction, the chief accounting officer directly owned 8,780 shares in the company, valued at $1,891,299.80. The trade was a 2.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction that occurred on 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 transaction, the insider directly owned 27,364 shares of the company's stock, valued at $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,298 shares of company stock valued at $4,233,044 in the last quarter. Insiders own 1.26% of the company's stock.

Capital One Financial Stock Performance

Shares of NYSE COF traded up $0.29 during trading on Friday, reaching $227.43. The stock had a trading volume of 2,551,623 shares, compared to its average volume of 3,266,710. Capital One Financial Corporation has a one year low of $131.55 and a one year high of $232.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $145.44 billion, a PE ratio of 116.63, a P/E/G ratio of 0.89 and a beta of 1.16. The firm's 50 day moving average price is $215.76 and its two-hundred day moving average price is $194.95.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. During the same quarter last year, the business earned $3.14 earnings per share. The business's revenue for the quarter was up 31.4% compared to the same quarter last year. On average, research analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

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

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.