Capital One Financial Corporation $COF Stock Holdings Reduced by Thomasville National Bank

Key Points

• Thomasville National Bank has decreased its holdings in Capital One Financial Corporation by 14.6%, selling 3,035 shares and now owning 17,708 shares valued at approximately $3.77 million.
• Several hedge funds have recently adjusted their positions in Capital One, with notable increases from Nova Wealth Management and Beacon Capital Management, indicating strong interest among institutional investors, who own 89.84% of the stock.
• Capital One reported impressive earnings of $5.48 per share for the last quarter, significantly surpassing analysts' expectation, while also announcing a $0.60 quarterly dividend.

Thomasville National Bank cut its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 14.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,708 shares of the financial services provider's stock after selling 3,035 shares during the period. Thomasville National Bank's holdings in Capital One Financial were worth $3,768,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. WPG Advisers LLC acquired a new stake in Capital One Financial during the 1st quarter worth $25,000. Saudi Central Bank acquired a new stake in Capital One Financial during the 1st quarter worth $27,000. Beacon Capital Management LLC boosted its stake in Capital One Financial by 118.3% during the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after purchasing an additional 97 shares during the last quarter. Family Legacy Financial Solutions LLC acquired a new stake in Capital One Financial during the 2nd quarter worth $42,000. Finally, Nova Wealth Management Inc. boosted its stake in Capital One Financial by 629.6% during the 2nd quarter. Nova Wealth Management Inc. now owns 197 shares of the financial services provider's stock worth $42,000 after purchasing an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Capital One Financial Price Performance

Capital One Financial stock traded down $2.84 during midday trading on Monday, reaching $225.48. 2,565,542 shares of the company were exchanged, compared to its average volume of 4,263,333. The company has a market capitalization of $144.20 billion, a price-to-earnings ratio of 115.63, a P/E/G ratio of 0.88 and a beta of 1.17. The firm's 50-day simple moving average is $218.68 and its 200-day simple moving average is $197.82. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. During the same period in the previous year, the business posted $3.14 earnings per share. The firm's quarterly revenue was up 31.4% on a year-over-year basis. On average, analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial's payout ratio is currently 123.08%.

Insider Buying and Selling

In other Capital One Financial news, CAO Timothy P. Golden sold 207 shares of Capital One Financial stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total transaction of $44,589.87. Following the sale, the chief accounting officer directly owned 8,780 shares in the company, valued at $1,891,299.80. The trade was a 2.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the insider owned 68,707 shares of the company's stock, valued at $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. In the last 90 days, insiders have sold 21,298 shares of company stock valued at $4,679,844. Corporate insiders own 1.26% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on COF. Citigroup boosted their price target on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Keefe, Bruyette & Woods boosted their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Truist Financial boosted their price target on shares of Capital One Financial from $260.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Barclays reissued an "overweight" rating and set a $253.00 price target (up previously from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Finally, JPMorgan Chase & Co. upped their target price on shares of Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Three 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 company's stock. According to MarketBeat.com, Capital One Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $239.44.

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.