Capital One Financial Corporation $COF Shares Sold by Essential Partners LLC

Essential Partners LLC lessened its stake in Capital One Financial Corporation (NYSE:COF) by 74.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,574 shares of the financial services provider’s stock after selling 4,656 shares during the period. Essential Partners LLC’s holdings in Capital One Financial were worth $287,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Capital One Financial in the 4th quarter valued at $2,089,803,000. Viking Global Investors LP boosted its holdings in Capital One Financial by 30.3% during the third quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock worth $1,570,649,000 after buying an additional 1,717,148 shares in the last quarter. Bessemer Group Inc. grew its position in Capital One Financial by 7,143.2% during the fourth quarter. Bessemer Group Inc. now owns 1,448,126 shares of the financial services provider’s stock valued at $350,966,000 after buying an additional 1,428,133 shares during the period. AQR Capital Management LLC grew its position in Capital One Financial by 64.9% during the fourth quarter. AQR Capital Management LLC now owns 3,366,692 shares of the financial services provider’s stock valued at $815,951,000 after buying an additional 1,324,845 shares during the period. Finally, Amundi increased its holdings in Capital One Financial by 41.5% in the first quarter. Amundi now owns 3,067,354 shares of the financial services provider’s stock valued at $559,577,000 after buying an additional 899,409 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Capital One Financial

In related news, CAO Timothy P. Golden sold 3,487 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total value of $735,757.00. Following the transaction, the chief accounting officer directly owned 7,429 shares of the company’s stock, valued at approximately $1,567,519. This trade represents a 31.94% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total value of $728,000.00. Following the completion of the sale, the general counsel owned 90,194 shares in the company, valued at approximately $18,760,352. The trade was a 3.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 10,487 shares of company stock valued at $2,107,512 in the last three months. Corporate insiders own 0.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on COF. The Goldman Sachs Group decreased their price objective on shares of Capital One Financial from $300.00 to $260.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Evercore dropped their target price on Capital One Financial from $265.00 to $222.00 and set an “outperform” rating on the stock in a research report on Monday, April 6th. Wells Fargo & Company cut their price target on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Royal Bank Of Canada reduced their price target on Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating for the company in a report on Friday, April 10th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Capital One Financial from $256.00 to $250.00 and set a “hold” rating for the company in a report on Wednesday, April 22nd. Twenty analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $259.14.

Capital One Financial Price Performance

Shares of NYSE COF opened at $208.90 on Friday. The firm has a market cap of $128.16 billion, a PE ratio of 12.93, a PEG ratio of 0.77 and a beta of 1.02. The firm has a fifty day moving average of $197.71 and a 200 day moving average of $199.02. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial Corporation has a one year low of $174.24 and a one year 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, topping analysts’ consensus estimates 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 net margin of 13.37% and a return on equity of 11.28%. The firm’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same period in the prior year, the business posted $5.48 earnings per share. As a group, research analysts predict that Capital One Financial Corporation will post 20.19 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. Capital One Financial’s payout ratio is currently 19.80%.

About Capital One Financial

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.