VCI Wealth Management LLC Reduces Stock Position in Capital One Financial Corporation $COF

Key Points

• VCI Wealth Management cut its Capital One stake by 88.2% in the second quarter, leaving the firm with 1,076 shares valued at approximately $216,000. Other institutional investors increased their positions, and institutions collectively own 89.84% of COF.
• Analysts maintain a favorable outlook, with 21 Buy ratings and three Holds producing a consensus “Moderate Buy” rating and a $259.36 price target. Capital One also exceeded quarterly earnings expectations, reporting $5.81 EPS and $15.83 billion in revenue, up 26.9% year over year.
• Capital One declared a quarterly dividend of $0.80 per share, equivalent to $3.20 annually and a 1.4% yield. The company’s stock recently traded at $227.19, while insiders have sold 22,186 shares worth about $4.7 million over the past 90 days.

VCI Wealth Management LLC decreased its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 88.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,076 shares of the financial services provider's stock after selling 8,056 shares during the quarter. VCI Wealth Management LLC's holdings in Capital One Financial were worth $216,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COF. Midwest Trust Co boosted its stake in shares of Capital One Financial by 87.6% during the 2nd quarter. Midwest Trust Co now owns 40,702 shares of the financial services provider's stock worth $8,166,000 after purchasing an additional 19,005 shares during the last quarter. 111 Capital grew its holdings in shares of Capital One Financial by 57.6% during the second quarter. 111 Capital now owns 3,080 shares of the financial services provider's stock worth $618,000 after buying an additional 1,126 shares in the last quarter. Investment Research Partners LLC raised its position in shares of Capital One Financial by 96.0% in the second quarter. Investment Research Partners LLC now owns 2,203 shares of the financial services provider's stock valued at $442,000 after buying an additional 1,079 shares during the last quarter. 71 West Capital Partners raised its position in shares of Capital One Financial by 75.3% in the second quarter. 71 West Capital Partners now owns 7,436 shares of the financial services provider's stock valued at $1,492,000 after buying an additional 3,195 shares during the last quarter. Finally, Founders Financial Alliance LLC raised its position in shares of Capital One Financial by 4.4% in the second quarter. Founders Financial Alliance LLC now owns 3,499 shares of the financial services provider's stock valued at $702,000 after buying an additional 146 shares during the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on COF shares. Argus decreased their target price on shares of Capital One Financial from $260.00 to $250.00 and set a "buy" rating on the stock in a research report on Thursday, April 23rd. Piper Sandler began coverage on Capital One Financial in a report on Monday, June 29th. They issued an "overweight" rating and a $254.00 price target for the company. Rothschild & Co Redburn reduced their price target on Capital One Financial from $290.00 to $275.00 and set a "buy" rating on the stock in a research note on Wednesday, April 29th. TD Cowen reduced their price target on Capital One Financial from $260.00 to $253.00 and set a "buy" rating on the stock in a research note on Tuesday, July 7th. Finally, Barclays decreased their price objective on Capital One Financial from $242.00 to $240.00 and set an "overweight" rating on the stock in a report on Wednesday, July 22nd. Twenty-one investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $259.36.

Capital One Financial Trading Up 1.5%

Shares of COF stock opened at $227.19 on Friday. The firm has a market cap of $139.37 billion, a P/E ratio of 14.06, a PEG ratio of 0.84 and a beta of 1.02. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. The firm's 50-day simple moving average is $204.93 and its 200-day simple moving average is $198.21.

Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The firm had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. During the same period in the previous year, the firm earned $5.48 earnings per share. Capital One Financial's revenue was up 26.9% compared to the same quarter last year. As a group, equities analysts forecast that Capital One Financial Corporation will post 20.19 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, August 17th. Capital One Financial's dividend payout ratio (DPR) is 19.80%.

Insider Activity at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of the business's stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $208.00, for a total transaction of $728,000.00. Following the completion of the sale, the general counsel directly owned 90,194 shares of the company's stock, valued at $18,760,352. The trade was a 3.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Timothy P. Golden sold 3,487 shares of the business's stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total transaction of $735,757.00. Following the sale, the chief accounting officer directly owned 7,429 shares of the company's stock, valued at $1,567,519. This represents a 31.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 22,186 shares of company stock worth $4,697,301 in the last 90 days. Company insiders own 0.78% of the company's stock.

Capital One Financial 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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