Capital One Financial Corporation $COF Stock Position Cut by Trivium Point Advisory LLC

Trivium Point Advisory LLC decreased its stake in shares of Capital One Financial Corporation (NYSE:COF) by 58.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,965 shares of the financial services provider’s stock after selling 8,236 shares during the period. Trivium Point Advisory LLC’s holdings in Capital One Financial were worth $1,197,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Evolution Wealth Management Inc. boosted its holdings in shares of Capital One Financial by 529.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 90 shares in the last quarter. VSM Wealth Advisory LLC acquired a new stake in Capital One Financial in the fourth quarter worth approximately $27,000. Cherry Tree Wealth Management LLC lifted its position 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 worth $27,000 after purchasing an additional 105 shares during the period. Ballast Advisors LLC bought a new position in Capital One Financial during the 1st quarter valued at $27,000. Finally, Strive Asset Management LLC acquired a new position in shares of Capital One Financial during the 3rd quarter valued at $28,000. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Trading Down 0.1%

Capital One Financial stock opened at $227.19 on Monday. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $139.37 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 0.84 and a beta of 1.02. The company has a 50 day moving average price of $204.93 and a 200 day moving average price of $198.05.

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

Capital One Financial Dividend Announcement

The firm 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 1.4%. Capital One Financial’s dividend payout ratio (DPR) is presently 19.80%.

Insiders Place Their Bets

In related news, insider Ravi Raghu sold 9,726 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were 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 directly owned 26,328 shares in the company, valued at approximately $5,523,087.84. This trade represents a 26.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 that occurred 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 transaction, the chief accounting officer directly owned 7,429 shares in the company, valued at $1,567,519. The trade was 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 over the last quarter. Company insiders own 0.78% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on COF shares. TD Cowen dropped their price objective 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. Barclays dropped their price target 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. JPMorgan Chase & Co. boosted their target price on shares of Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft dropped their price target on Capital One Financial from $256.00 to $250.00 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. Finally, Piper Sandler initiated coverage on Capital One Financial in a research note on Monday, June 29th. They set an “overweight” rating and a $254.00 price objective for the company. Twenty-one research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $259.36.

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.