Capital One Financial Corporation $COF Holdings Decreased by Smith Chas P & Associates PA Cpas

Smith Chas P & Associates PA Cpas lessened its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 6.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,138 shares of the financial services provider’s stock after selling 2,596 shares during the quarter. Smith Chas P & Associates PA Cpas’ holdings in Capital One Financial were worth $7,049,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. First Command Advisory Services Inc. boosted its holdings in Capital One Financial by 4.5% in the fourth quarter. First Command Advisory Services Inc. now owns 1,067 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 46 shares in the last quarter. High Note Wealth LLC raised its holdings in Capital One Financial by 44.9% during the fourth quarter. High Note Wealth LLC now owns 155 shares of the financial services provider’s stock valued at $38,000 after buying an additional 48 shares in the last quarter. Fiducient Advisors LLC raised its holdings in Capital One Financial by 4.2% during the fourth quarter. Fiducient Advisors LLC now owns 1,196 shares of the financial services provider’s stock valued at $290,000 after buying an additional 48 shares in the last quarter. Allen Capital Group LLC lifted its position in shares of Capital One Financial by 4.2% in the fourth quarter. Allen Capital Group LLC now owns 1,230 shares of the financial services provider’s stock worth $298,000 after buying an additional 50 shares during the last quarter. Finally, Zhang Financial LLC lifted its position in shares of Capital One Financial by 1.7% in the fourth quarter. Zhang Financial LLC now owns 3,050 shares of the financial services provider’s stock worth $739,000 after buying an additional 50 shares during the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Celia Karam sold 1,888 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $225.52, for a total value of $425,781.76. Following the completion of the sale, the insider owned 59,708 shares in the company, valued at approximately $13,465,348.16. This trade represents a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Raghu sold 9,726 shares of Capital One Financial stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $209.78, for a total value of $2,040,320.28. Following 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 29,767 shares of company stock worth $6,366,998. 0.78% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on COF shares. BTIG Research increased their price objective on Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Piper Sandler began coverage on Capital One Financial in a report on Monday, June 29th. They issued an “overweight” rating and a $254.00 target price for the company. Bank of America decreased their target price on Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft set a $245.00 price target on Capital One Financial in a report on Thursday, August 20th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Capital One Financial from $215.00 to $245.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Twenty-one analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.91.

Capital One Financial Stock Performance

NYSE COF traded up $1.18 during trading on Friday, hitting $208.29. The company’s stock had a trading volume of 2,539,483 shares, compared to its average volume of 4,757,511. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average price of $212.60 and a 200 day moving average price of $198.15. The firm has a market cap of $127.78 billion, a P/E ratio of 12.89, a price-to-earnings-growth ratio of 0.78 and a beta of 1.02. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, beating the consensus estimate of $4.79 by $1.02. The company had revenue of $15.83 billion during the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.Capital One Financial’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same period in the prior year, the business earned $5.48 earnings per share. Equities research analysts forecast that Capital One Financial Corporation will post 20.29 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a $0.80 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. Capital One Financial’s dividend payout ratio is 19.80%.

About Capital One Financial

Capital One Financial Corporation (NYSE: COF) is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company initially built its business as a credit card issuer and has since expanded into consumer banking, commercial banking and payments.

Capital One offers a range of credit card products for consumers and businesses, along with deposit accounts, savings products, auto loans and other consumer lending services. Through its commercial banking operations, the company provides financing, treasury management and related services to commercial real estate clients, middle-market companies and other businesses.

Capital One primarily serves customers in the United States, with additional operations and financial services activities in Canada and the United Kingdom.