University of Texas Texas AM Investment Management Co. Sells 1,523 Shares of Capital One Financial Corporation (NYSE:COF)

Key Points

• The University of Texas Texas AM Investment Management Co. reduced its stake in Capital One Financial by 9.4%, now owning 14,742 shares valued at approximately $2.64 million.
• Several analysts have upgraded their ratings on Capital One Financial, with the average rating now a "Moderate Buy" and a price target of $233.07.
• Insider Robert M. Alexander recently sold over 10,000 shares of Capital One stock at an average price of $227.86, indicating a significant decrease in his ownership.

University of Texas Texas AM Investment Management Co. decreased its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 9.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 14,742 shares of the financial services provider's stock after selling 1,523 shares during the period. University of Texas Texas AM Investment Management Co.'s holdings in Capital One Financial were worth $2,643,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its position in shares of Capital One Financial by 1.0% in the fourth quarter. Quadrant Capital Group LLC now owns 5,247 shares of the financial services provider's stock worth $936,000 after acquiring an additional 54 shares during the last quarter. Family Legacy Inc. raised its position in Capital One Financial by 0.8% in the fourth quarter. Family Legacy Inc. now owns 7,980 shares of the financial services provider's stock valued at $1,438,000 after purchasing an additional 60 shares during the period. Opal Wealth Advisors LLC raised its holdings in shares of Capital One Financial by 3.1% during the 1st quarter. Opal Wealth Advisors LLC now owns 2,155 shares of the financial services provider's stock valued at $386,000 after buying an additional 64 shares during the period. Aspiriant LLC increased its stake in Capital One Financial by 2.4% during the 1st quarter. Aspiriant LLC now owns 2,911 shares of the financial services provider's stock worth $522,000 after buying an additional 67 shares during the period. Finally, Citizens National Bank Trust Department increased its position in shares of Capital One Financial by 25.7% during the first quarter. Citizens National Bank Trust Department now owns 328 shares of the financial services provider's stock worth $59,000 after acquiring an additional 67 shares during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Down 0.1%

NYSE:COF traded down $0.21 on Thursday, hitting $215.03. 1,452,831 shares of the company's stock traded hands, compared to its average volume of 4,520,193. The firm has a 50-day moving average price of $205.92 and a 200-day moving average price of $192.22. Capital One Financial Corporation has a 1 year low of $128.23 and a 1 year high of $232.45. The company has a market cap of $82.38 billion, a PE ratio of 110.27, a price-to-earnings-growth ratio of 0.84 and a beta of 1.15. 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 (NYSE:COF - Get Free Report) last posted 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 company had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. During the same quarter in the prior year, the firm earned $3.14 earnings per share. The company's revenue was up 31.4% on a year-over-year basis. Equities analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is 123.08%.

Insider Activity at Capital One Financial

In other news, insider Michael Zamsky sold 9,560 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $199.40, for a total value of $1,906,264.00. Following the completion of the sale, the insider directly owned 20,089 shares of the company's stock, valued at approximately $4,005,746.60. This represents a 32.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction on 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 completion of the sale, the insider directly owned 68,707 shares of the company's stock, valued at approximately $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. Insiders sold a total of 21,332 shares of company stock worth $4,540,285 in the last 90 days. 1.26% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

COF has been the subject of several research analyst reports. Wells Fargo & Company boosted their price objective on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Truist Financial boosted their target price on shares of Capital One Financial from $225.00 to $260.00 and gave the company a "buy" rating in a research note on Monday. Keefe, Bruyette & Woods upped their price objective on Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Barclays restated an "overweight" rating and set a $253.00 price objective (up from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Finally, Wall Street Zen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $235.40.

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.