EJF Capital LLC Sells 3,681 Shares of Capital One Financial Corporation $COF

EJF Capital LLC lowered its position in shares of Capital One Financial Corporation (NYSE:COF) by 16.0% in the second quarter, HoldingsChannel reports. The firm owned 19,379 shares of the financial services provider’s stock after selling 3,681 shares during the period. Capital One Financial makes up approximately 3.3% of EJF Capital LLC’s investment portfolio, making the stock its 5th biggest holding. EJF Capital LLC’s holdings in Capital One Financial were worth $4,123,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Earned Wealth Advisors LLC bought a new position in Capital One Financial during the second quarter worth about $254,000. Plancorp LLC acquired a new stake in shares of Capital One Financial in the second quarter valued at approximately $272,000. CIBC Asset Management Inc boosted its stake in shares of Capital One Financial by 53.9% during the 2nd quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider’s stock worth $18,830,000 after acquiring an additional 30,991 shares during the period. Smith Chas P & Associates PA Cpas boosted its stake in shares of Capital One Financial by 1,490.0% during the 2nd quarter. Smith Chas P & Associates PA Cpas now owns 43,486 shares of the financial services provider’s stock worth $9,252,000 after acquiring an additional 40,751 shares during the period. Finally, Callodine Capital Management LP increased its holdings in shares of Capital One Financial by 200.0% during the 1st quarter. Callodine Capital Management LP now owns 150,000 shares of the financial services provider’s stock worth $26,895,000 after acquiring an additional 100,000 shares during the last quarter. 89.84% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Frank G. LapradeIii sold 17,840 shares of the stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $222.03, for a total transaction of $3,961,015.20. Following the sale, the insider directly owned 48,315 shares of the company’s stock, valued at approximately $10,727,379.45. This represents a 26.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Neal Blinde sold 43,200 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $221.83, for a total value of $9,583,056.00. Following the completion of the transaction, the insider directly owned 73,020 shares of the company’s stock, valued at approximately $16,198,026.60. This trade represents a 37.17% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 280,218 shares of company stock worth $62,395,804. 1.26% of the stock is owned by insiders.

Capital One Financial Price Performance

NYSE:COF opened at $237.71 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $151.12 billion, a price-to-earnings ratio of 100.30, a P/E/G ratio of 0.57 and a beta of 1.16. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $243.31. The firm’s 50-day simple moving average is $217.78 and its 200 day simple moving average is $214.93.

Capital One Financial (NYSE:COF) last announced its earnings results on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. The company had revenue of $15.46 billion for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. As a group, sell-side analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were issued a $0.80 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $3.20 annualized dividend and a yield of 1.3%. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s payout ratio is presently 135.02%.

Wall Street Analyst Weigh In

COF has been the subject of several research reports. JPMorgan Chase & Co. raised their price target on Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Zacks Research cut shares of Capital One Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. BTIG Research reaffirmed a “buy” rating and set a $264.00 target price on shares of Capital One Financial in a report on Wednesday, October 22nd. HSBC increased their price target on shares of Capital One Financial from $218.00 to $234.00 and gave the company a “hold” rating in a report on Thursday, October 23rd. Finally, Truist Financial boosted their price objective on Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Capital One Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $262.70.

Capital One Financial Company 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.