Sei Investments Co. Trims Stake in Capital One Financial Corporation (NYSE:COF)

Key Points

• Sei Investments Co. reduced its stake in Capital One Financial by 2.1%, holding 721,169 shares worth approximately $128.68 million at the end of the first quarter.
• Analysts are optimistic about Capital One's growth, with price targets being raised by several firms, including Barclays, which set a new target of $253.00.
• Capital One recently announced a $0.60 quarterly dividend, which will yield 1.1% annually and reflects a high payout ratio of 123.08%.

Sei Investments Co. trimmed its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 2.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 721,169 shares of the financial services provider's stock after selling 15,736 shares during the quarter. Capital One Financial comprises about 1.2% of Sei Investments Co.'s holdings, making the stock its 18th largest position. Sei Investments Co. owned 0.19% of Capital One Financial worth $128,678,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Kovitz Investment Group Partners LLC grew its position in Capital One Financial by 115.7% during the first quarter. Kovitz Investment Group Partners LLC now owns 150,738 shares of the financial services provider's stock worth $27,027,000 after buying an additional 80,847 shares in the last quarter. Vestmark Advisory Solutions Inc. grew its position in Capital One Financial by 127.3% during the first quarter. Vestmark Advisory Solutions Inc. now owns 8,350 shares of the financial services provider's stock worth $1,497,000 after buying an additional 4,676 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in Capital One Financial by 5.2% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,069 shares of the financial services provider's stock worth $2,164,000 after purchasing an additional 596 shares during the last quarter. National Pension Service lifted its stake in Capital One Financial by 3.4% during the first quarter. National Pension Service now owns 865,129 shares of the financial services provider's stock worth $155,118,000 after purchasing an additional 28,660 shares during the last quarter. Finally, GKV Capital Management Co. Inc. bought a new stake in Capital One Financial during the first quarter worth about $276,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on COF shares. Barclays reaffirmed an "overweight" rating and set a $253.00 price target (up previously from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Wall Street Zen downgraded Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. JPMorgan Chase & Co. lifted their price objective on Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Keefe, Bruyette & Woods lifted their price objective on Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada lifted their price objective on Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 23rd. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of "Moderate Buy" and a consensus price target of $238.81.

Insider Buying and Selling

In related news, insider Robert M. Alexander sold 10,114 shares of the company's 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 transaction, the insider directly owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Timothy P. Golden sold 3,462 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total value of $727,989.36. Following the completion of the transaction, the chief accounting officer directly owned 8,987 shares in the company, valued at $1,889,786.36. This trade represents a 27.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,091 shares of company stock worth $4,188,454 in the last three months. Insiders own 1.26% of the company's stock.

Capital One Financial Stock Performance

Capital One Financial stock opened at $217.38 on Thursday. The stock's 50 day simple moving average is $210.24 and its two-hundred day simple moving average is $193.51. 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 $139.02 billion, a price-to-earnings ratio of 111.48, a PEG ratio of 0.85 and a beta of 1.16. Capital One Financial Corporation has a fifty-two week low of $131.55 and a fifty-two week high of $232.45.

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

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors 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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