Ruane Cunniff & Goldfarb L.P. Reduces Stock Position in Capital One Financial Corporation $COF

Key Points

• Ruane Cunniff & Goldfarb L.P. holds a $381.98 million stake in Capital One Financial but reduced its position by 2.1% in the first quarter.
• Analysts generally maintain a Moderate Buy consensus rating for Capital One Financial, with an average price target of $238.81, after various upgrades and downgrades from different firms.
• Capital One declared a quarterly dividend of $0.60 per share, reflecting a 1.1% yield and a dividend payout ratio of 123.08%.

Ruane Cunniff & Goldfarb L.P. lowered its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 2.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,130,414 shares of the financial services provider's stock after selling 46,742 shares during the period. Capital One Financial comprises about 6.9% of Ruane Cunniff & Goldfarb L.P.'s portfolio, making the stock its 6th biggest position. Ruane Cunniff & Goldfarb L.P. owned about 0.56% of Capital One Financial worth $381,983,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. WPG Advisers LLC acquired a new stake in Capital One Financial during the 1st quarter valued at approximately $25,000. Saudi Central Bank acquired a new stake in shares of Capital One Financial in the 1st quarter valued at about $27,000. Beacon Capital Management LLC raised its position in shares of Capital One Financial by 118.3% during the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after purchasing an additional 97 shares during the period. Bogart Wealth LLC lifted its stake in shares of Capital One Financial by 1,518.8% in the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after buying an additional 243 shares in the last quarter. Finally, Motco increased its holdings in Capital One Financial by 115.1% during the 1st quarter. Motco now owns 256 shares of the financial services provider's stock worth $46,000 after purchasing an additional 137 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

Capital One Financial Stock Performance

Shares of COF stock traded up $1.13 during trading hours on Thursday, reaching $224.56. The company had a trading volume of 2,101,110 shares, compared to its average volume of 4,316,259. The business has a fifty day moving average price of $217.77 and a 200-day moving average price of $196.12. The firm has a market cap of $143.61 billion, a PE ratio of 115.16, a price-to-earnings-growth ratio of 0.87 and a beta of 1.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial Corporation has a one year low of $134.73 and a one year high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. The company's revenue was up 31.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.14 EPS. Sell-side analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is 123.08%.

Insider Activity at Capital One Financial

In other news, CAO Timothy P. Golden sold 207 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total value of $44,589.87. Following the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction 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 owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,298 shares of company stock worth $4,679,844. 1.26% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

COF has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price target on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Rothschild & Co Redburn started coverage on shares of Capital One Financial in a research note on Friday, August 1st. They set a "buy" rating and a $290.00 price objective for the company. TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $184.00 to $258.00 in a report on Tuesday, July 8th. Keefe, Bruyette & Woods raised their price target on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Finally, Truist Financial lifted their target price on shares of Capital One Financial from $225.00 to $260.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, Capital One Financial has an average rating of "Moderate Buy" and an average target price of $238.81.

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.