Capital One Financial Corporation $COF Shares Sold by USS Investment Management Ltd

Key Points

• USS Investment Management Ltd reduced its stake in Capital One Financial Corporation by 16.2%, leaving it with 53,812 shares valued at approximately $9.65 million.
• Several hedge funds have recently adjusted their holdings in Capital One, with Mirae Asset Global Investments increasing its stake by 18.6%, now owning 59,882 shares worth around $10 million.
• Capital One declared a quarterly dividend of $0.60, representing an annual yield of 1.1%, with a payout ratio of 123.08%.

USS Investment Management Ltd decreased its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 16.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 53,812 shares of the financial services provider's stock after selling 10,400 shares during the period. USS Investment Management Ltd's holdings in Capital One Financial were worth $9,646,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of COF. WPG Advisers LLC purchased a new stake in shares of Capital One Financial in the first quarter valued at approximately $25,000. Saudi Central Bank purchased a new stake in shares of Capital One Financial in the first quarter valued at approximately $27,000. Beacon Capital Management LLC boosted its holdings in shares of Capital One Financial by 118.3% in the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 97 shares during the period. Bogart Wealth LLC boosted its holdings in shares of Capital One Financial by 1,518.8% in the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 243 shares during the period. Finally, Motco boosted its holdings in shares of Capital One Financial by 115.1% in the first quarter. Motco now owns 256 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 137 shares during the period. Hedge funds and other institutional investors own 89.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on COF shares. Keefe, Bruyette & Woods boosted their price target on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. TD Cowen raised shares of Capital One Financial from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $184.00 to $258.00 in a research note on Tuesday, July 8th. Barclays reissued an "overweight" rating and issued a $253.00 price objective (up previously from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Finally, Truist Financial boosted their price objective on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Capital One Financial currently has a consensus rating of "Moderate Buy" and an average price target of $239.44.

Capital One Financial Stock Performance

Shares of NYSE COF traded down $0.98 during mid-day trading on Friday, hitting $223.37. The stock had a trading volume of 1,440,828 shares, compared to its average volume of 4,299,247. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The company has a 50 day moving average of $217.84 and a two-hundred day moving average of $196.29. Capital One Financial Corporation has a twelve month low of $137.64 and a twelve month high of $232.45. The firm has a market cap of $142.85 billion, a PE ratio of 114.55, a PEG ratio of 0.87 and a beta of 1.17.

Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $3.55. The firm 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 company earned $3.14 earnings per share. Capital One Financial's revenue was up 31.4% on a year-over-year basis. Research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given 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 dividend payout ratio is presently 123.08%.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the sale, the insider directly owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total value of $446,800.00. Following the sale, the general counsel directly owned 100,486 shares in the company, valued at $22,448,572.40. This represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,298 shares of company stock valued at $4,679,844 in the last quarter. Insiders own 1.26% of the company's stock.

About Capital One Financial

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.