Senator Investment Group LP Sells 395,723 Shares of Capital One Financial Corporation $COF

Key Points

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Senator Investment Group LP trimmed its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 72.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 154,144 shares of the financial services provider's stock after selling 395,723 shares during the quarter. Senator Investment Group LP's holdings in Capital One Financial were worth $27,638,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. RWA Wealth Partners LLC raised its position in shares of Capital One Financial by 17.4% during the 1st quarter. RWA Wealth Partners LLC now owns 5,840 shares of the financial services provider's stock worth $1,047,000 after purchasing an additional 866 shares during the period. Edgar Lomax Co. VA raised its stake in Capital One Financial by 42.7% during the 1st quarter. Edgar Lomax Co. VA now owns 135,175 shares of the financial services provider's stock valued at $24,237,000 after acquiring an additional 40,425 shares in the last quarter. Aptus Capital Advisors LLC raised its stake in Capital One Financial by 2.2% during the 1st quarter. Aptus Capital Advisors LLC now owns 5,792 shares of the financial services provider's stock valued at $1,038,000 after acquiring an additional 127 shares in the last quarter. Brooklyn Investment Group raised its stake in Capital One Financial by 19.2% during the 1st quarter. Brooklyn Investment Group now owns 1,853 shares of the financial services provider's stock valued at $332,000 after acquiring an additional 298 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in Capital One Financial by 3.4% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 22,909 shares of the financial services provider's stock valued at $4,108,000 after acquiring an additional 757 shares in the last quarter. 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, CAO Timothy P. Golden sold 3,462 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the transaction, the insider owned 68,707 shares in the company, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,298 shares of company stock worth $4,233,044 over the last three months. Corporate insiders own 1.26% of the company's stock.

Capital One Financial Stock Up 4.3%

COF traded up $9.2070 during trading on Friday, reaching $221.2170. 4,137,068 shares of the stock traded hands, compared to its average volume of 3,601,944. The stock has a market cap of $141.47 billion, a price-to-earnings ratio of 113.45, a price-to-earnings-growth ratio of 0.82 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. 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 stock's 50-day simple moving average is $212.93 and its two-hundred day simple moving average is $194.17.

Capital One Financial (NYSE:COF - Get Free Report) last released 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 firm had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. Capital One Financial's revenue for the quarter was up 31.4% on a year-over-year basis. During the same period in the previous year, the business posted $3.14 EPS. As a group, equities research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The business 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 dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is 123.08%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Barclays reiterated an "overweight" rating and set a $253.00 price target (up from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Wells Fargo & Company raised their price objective on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Keefe, Bruyette & Woods raised their price objective on Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada raised their price objective on Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" 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. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $238.81.

About Capital One Financial

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.