Sovran Advisors LLC Sells 8,713 Shares of Capital One Financial Corporation $COF

Key Points

• Sovran Advisors LLC reduced its stake in Capital One Financial (COF) by 37.0% in the second quarter, bringing its holdings to a value of $3.22 million.
• Capital One recently reported quarterly earnings of $5.48 per share, surpassing analysts' expectations of $1.93, with a year-over-year revenue increase of 31.4%.
• The firm declared a quarterly dividend of $0.60 per share, representing an annual yield of 1.1%, with a reported dividend payout ratio of 123.08%.

Sovran Advisors LLC cut its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 37.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,808 shares of the financial services provider's stock after selling 8,713 shares during the period. Sovran Advisors LLC's holdings in Capital One Financial were worth $3,221,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Diamond Hill Capital Management Inc. bought a new position in shares of Capital One Financial during the 1st quarter worth approximately $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Capital One Financial by 45.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider's stock worth $838,609,000 after buying an additional 1,454,595 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Capital One Financial by 23.7% in the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock valued at $889,519,000 after purchasing an additional 950,415 shares in the last quarter. Nuveen LLC bought a new stake in Capital One Financial during the first quarter worth about $141,599,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Capital One Financial by 31.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,222,533 shares of the financial services provider's stock valued at $574,642,000 after acquiring an additional 765,292 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Barclays reissued an "overweight" rating and set a $253.00 price target (up from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Citigroup boosted their price objective on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Rothschild & Co Redburn started coverage on Capital One Financial in a research report on Friday, August 1st. They set a "buy" rating and a $290.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their target price 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 given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $239.44.

Capital One Financial Stock Performance

COF traded down $1.61 during midday trading on Friday, hitting $228.13. 4,825,233 shares of the company were exchanged, compared to its average volume of 2,808,706. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $232.45. The firm has a market capitalization of $145.89 billion, a price-to-earnings ratio of 116.99, a price-to-earnings-growth ratio of 0.88 and a beta of 1.17. The company's 50 day simple moving average is $218.68 and its 200 day simple moving average is $197.67.

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

Capital One Financial Announces Dividend

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

Insider Activity at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total value of $446,800.00. Following the completion of the transaction, the general counsel owned 100,486 shares in the company, valued at approximately $22,448,572.40. This represents a 1.95% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the sale, the insider directly owned 27,364 shares in the company, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,298 shares of company stock worth $4,679,844. Company insiders own 1.26% of the company's stock.

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.