SVB Wealth LLC Sells 1,853 Shares of Capital One Financial Corporation $COF

Key Points

• SVB Wealth LLC reduced its stake in Capital One Financial Corporation by 18.2%, now owning 8,321 shares valued at approximately $1.49 million.
• Several institutional investors have significantly increased their positions in Capital One, with Brighton Jones LLC raising its stake by 330.1%, now holding over 13,000 shares.
• Capital One Financial reported an earnings per share (EPS) of $5.48 for the last quarter, substantially beating analyst estimates and showing a 31.4% year-over-year revenue increase.

SVB Wealth LLC lessened its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 18.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,321 shares of the financial services provider's stock after selling 1,853 shares during the period. SVB Wealth LLC's holdings in Capital One Financial were worth $1,492,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of COF. Brighton Jones LLC raised its position in Capital One Financial by 330.1% in the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock worth $2,423,000 after purchasing an additional 10,428 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Capital One Financial by 63.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,242,912 shares of the financial services provider's stock valued at $221,637,000 after acquiring an additional 480,269 shares during the last quarter. MGO One Seven LLC lifted its stake in shares of Capital One Financial by 87.1% in the 4th quarter. MGO One Seven LLC now owns 4,736 shares of the financial services provider's stock valued at $845,000 after purchasing an additional 2,205 shares during the period. Coppell Advisory Solutions LLC lifted its stake in shares of Capital One Financial by 246.2% in the 4th quarter. Coppell Advisory Solutions LLC now owns 315 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 224 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its position in shares of Capital One Financial by 2.5% in the 4th quarter. Integrated Wealth Concepts LLC now owns 24,292 shares of the financial services provider's stock worth $4,332,000 after purchasing an additional 602 shares during the last quarter. Institutional investors own 89.84% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Bank of America raised their price target on Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. TD Cowen upgraded Capital One Financial from a "hold" rating to a "buy" rating and raised their price target for the stock from $184.00 to $258.00 in a research report on Tuesday, July 8th. Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Barclays restated an "overweight" rating and issued a $253.00 price target (up from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Finally, Rothschild & Co Redburn assumed coverage on Capital One Financial in a research report on Friday, August 1st. They issued a "buy" rating and a $290.00 price target on the stock. Three equities research 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 stock. According to MarketBeat, Capital One Financial currently has a consensus rating of "Moderate Buy" and an average target price of $238.81.

Capital One Financial Price Performance

COF opened at $221.2170 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 12 month low of $131.55 and a 12 month high of $232.45. The company has a fifty day simple moving average of $212.93 and a 200 day simple moving average of $194.10. The stock has a market cap of $141.47 billion, a P/E ratio of 113.45, a P/E/G ratio of 0.86 and a beta of 1.16.

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 EPS for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. During the same quarter in the prior year, the company earned $3.14 EPS. Capital One Financial's quarterly revenue was up 31.4% on a year-over-year basis. On average, research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

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 given a $0.60 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. Capital One Financial's dividend payout ratio is currently 123.08%.

Insiders Place Their Bets

In other Capital One Financial news, CAO Timothy P. Golden sold 3,462 shares of the 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 completion of the transaction, the chief accounting officer owned 8,987 shares in the company, valued at approximately $1,889,786.36. This represents a 27.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Zamsky sold 5,515 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the transaction, the insider owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,298 shares of company stock worth $4,233,044. Corporate insiders own 1.26% of the company's stock.

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.

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