The Manufacturers Life Insurance Company Sells 3,150 Shares of Capital One Financial Corporation $COF

Key Points

• The Manufacturers Life Insurance Company reduced its stake in Capital One Financial Corporation by 1.4%, selling 3,150 shares and now owns 227,687 shares valued at approximately $40.8 million.
• Capital One reported an impressive EPS of $5.48 for the last quarter, significantly beating analyst estimates of $1.93, with revenue up 31.4% year-over-year.
• The company declared a quarterly dividend of $0.60, with a payout ratio of 123.08%, highlighting a commitment to returning value to shareholders amid substantial earnings growth.

The Manufacturers Life Insurance Company decreased its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 1.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 227,687 shares of the financial services provider's stock after selling 3,150 shares during the period. The Manufacturers Life Insurance Company owned about 0.06% of Capital One Financial worth $40,824,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Canada Pension Plan Investment Board grew its position in Capital One Financial by 9.1% in the first quarter. Canada Pension Plan Investment Board now owns 323,115 shares of the financial services provider's stock worth $57,935,000 after acquiring an additional 26,848 shares in the last quarter. GKV Capital Management Co. Inc. bought a new stake in Capital One Financial during the first quarter worth about $276,000. WPG Advisers LLC purchased a new position in shares of Capital One Financial in the 1st quarter worth about $25,000. OMERS ADMINISTRATION Corp increased its position in shares of Capital One Financial by 49.1% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 23,731 shares of the financial services provider's stock valued at $4,255,000 after purchasing an additional 7,814 shares during the last quarter. Finally, Callodine Capital Management LP raised its holdings in shares of Capital One Financial by 200.0% during the 1st quarter. Callodine Capital Management LP now owns 150,000 shares of the financial services provider's stock valued at $26,895,000 after buying an additional 100,000 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

Capital One Financial Stock Performance

Capital One Financial stock opened at $227.43 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The firm has a market cap of $145.44 billion, a P/E ratio of 116.63, a P/E/G ratio of 0.89 and a beta of 1.17. Capital One Financial Corporation has a 1-year low of $131.55 and a 1-year high of $232.45. The firm has a 50-day moving average of $215.76 and a 200-day moving average of $194.93.

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 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. During the same period in the previous year, the company earned $3.14 EPS. The company's revenue for the quarter was up 31.4% on a year-over-year basis. Sell-side analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be paid a $0.60 dividend. The ex-dividend date of this dividend is 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 presently 123.08%.

Insider Activity at Capital One Financial

In other news, CAO Timothy P. Golden sold 207 shares of the firm'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 completion of the sale, the chief accounting officer directly owned 8,780 shares of the company's stock, valued at approximately $1,891,299.80. This trade represents a 2.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the transaction, the insider owned 68,707 shares in the company, valued at $15,655,577.02. This represents a 12.83% decrease in their position. 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 quarter. Corporate insiders own 1.26% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on COF shares. Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Wells Fargo & Company upped their price objective on shares of Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Royal Bank Of Canada increased their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Citigroup boosted their price target 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. Finally, Bank of America raised their price objective on Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $238.81.

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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