UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Holdings in Capital One Financial Corporation $COF

Key Points

• UBS Asset Management reduced its Capital One Financial stake by 5.9% in the second quarter, selling 411,766 shares and retaining 6.52 million shares worth approximately $1.31 billion. Institutional investors collectively own 89.84% of COF.
• Capital One reported quarterly EPS of $5.81, beating estimates by $1.02, while revenue rose 26.9% year over year to $15.83 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $258.91.
• Company insiders sold 26,267 shares worth $5.62 million over the past 90 days, while Capital One declared a quarterly dividend of $0.80 per share, equivalent to a 1.5% annualized yield.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of Capital One Financial Corporation (NYSE:COF) by 5.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,524,225 shares of the financial services provider's stock after selling 411,766 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.06% of Capital One Financial worth $1,308,890,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in COF. Evolution Wealth Management Inc. grew its stake in Capital One Financial by 529.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider's stock worth $26,000 after buying an additional 90 shares during the last quarter. Solstein Capital LLC purchased a new stake in Capital One Financial in the second quarter valued at approximately $26,000. VSM Wealth Advisory LLC purchased a new stake in Capital One Financial in the fourth quarter valued at approximately $27,000. Cherry Tree Wealth Management LLC lifted its stake in Capital One Financial by 1,312.5% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider's stock valued at $27,000 after buying an additional 105 shares during the last quarter. Finally, Ballast Advisors LLC acquired a new stake in shares of Capital One Financial in the first quarter valued at approximately $27,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Capital One Financial

In other news, insider Michael Zamsky sold 5,473 shares of the firm's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $218.02, for a total value of $1,193,223.46. Following the completion of the sale, the insider owned 27,992 shares in the company, valued at approximately $6,102,815.84. This trade represents a 16.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ravi Raghu sold 9,726 shares of the firm's stock in a transaction on Friday, July 31st. The stock was sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the completion of the sale, the insider owned 26,328 shares of the company's stock, valued at $5,523,087.84. This trade represents a 26.98% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 26,267 shares of company stock worth $5,617,648 in the last 90 days. Corporate insiders own 0.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on COF shares. TD Cowen lowered their target price on shares of Capital One Financial from $260.00 to $253.00 and set a "buy" rating on the stock in a research report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft set a $245.00 price target on shares of Capital One Financial in a research report on Thursday, August 20th. Barclays lowered their price objective on shares of Capital One Financial from $242.00 to $240.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 22nd. Wall Street Zen lowered shares of Capital One Financial from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. Finally, Bank of America reduced their target price on shares of Capital One Financial from $234.00 to $231.00 and set a "buy" rating for the company in a report on Thursday, July 9th. Twenty-one analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $258.91.

Capital One Financial Trading Down 0.4%

NYSE:COF opened at $215.81 on Friday. The firm has a market cap of $132.40 billion, a P/E ratio of 13.35, a PEG ratio of 0.79 and a beta of 1.02. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. The stock's 50 day simple moving average is $210.32 and its 200-day simple moving average is $198.00. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The business had revenue of $15.83 billion during the quarter, compared to analysts' expectations of $15.76 billion. During the same quarter in the prior year, the business earned $5.48 earnings per share. The company's quarterly revenue was up 26.9% compared to the same quarter last year. Equities analysts anticipate that Capital One Financial Corporation will post 20.29 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 1st. Shareholders of record on Monday, August 17th will be given a dividend of $0.80 per share. The ex-dividend date is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. Capital One Financial's dividend payout ratio is presently 19.80%.

Capital One Financial Company Profile

Capital One Financial Corporation NYSE: COF is a diversified bank holding company headquartered in McLean, Virginia. The company's core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.

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