Assetmark Inc. reduced its stake in Capital One Financial Co. (NYSE:COF – Free Report) by 1.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,954 shares of the financial services provider’s stock after selling 524 shares during the period. Assetmark Inc.’s holdings in Capital One Financial were worth $5,092,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of COF. MV Capital Management Inc. raised its holdings in shares of Capital One Financial by 122.2% during the first quarter. MV Capital Management Inc. now owns 300 shares of the financial services provider’s stock valued at $29,000 after buying an additional 165 shares during the last quarter. Eagle Bay Advisors LLC raised its holdings in shares of Capital One Financial by 43.4% during the first quarter. Eagle Bay Advisors LLC now owns 1,081 shares of the financial services provider’s stock valued at $31,000 after buying an additional 327 shares during the last quarter. America First Investment Advisors LLC bought a new stake in shares of Capital One Financial during the first quarter valued at approximately $31,000. Delta Asset Management LLC TN bought a new stake in shares of Capital One Financial during the fourth quarter valued at approximately $34,000. Finally, Resurgent Financial Advisors LLC bought a new stake in shares of Capital One Financial during the fourth quarter valued at approximately $34,000. 88.73% of the stock is currently owned by institutional investors and hedge funds.
Capital One Financial Trading Up 1.7 %
NYSE COF opened at $115.27 on Tuesday. Capital One Financial Co. has a twelve month low of $83.93 and a twelve month high of $123.09. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market cap of $43.97 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 2.17 and a beta of 1.46. The firm’s 50 day moving average price is $111.24 and its two-hundred day moving average price is $104.66.
Capital One Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, August 7th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Friday, August 4th. Capital One Financial’s payout ratio is 18.38%.
Insiders Place Their Bets
In other news, insider Mark Daniel Mouadeb sold 903 shares of the business’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $115.00, for a total transaction of $103,845.00. Following the transaction, the insider now directly owns 15,493 shares in the company, valued at approximately $1,781,695. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Mark Daniel Mouadeb sold 903 shares of the business’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $115.00, for a total transaction of $103,845.00. Following the transaction, the insider now directly owns 15,493 shares in the company, valued at approximately $1,781,695. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Richard D. Fairbank sold 3,891 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $115.12, for a total transaction of $447,931.92. Following the transaction, the chief executive officer now owns 3,848,406 shares in the company, valued at $443,028,498.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,082 shares of company stock worth $2,652,955. Corporate insiders own 1.41% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on COF shares. Stephens lifted their price target on Capital One Financial from $80.00 to $87.00 in a report on Friday, July 21st. Citigroup boosted their target price on Capital One Financial from $124.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, July 21st. JPMorgan Chase & Co. boosted their target price on Capital One Financial from $102.00 to $112.00 in a report on Monday, June 26th. Barclays dropped their target price on Capital One Financial from $119.00 to $114.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 12th. Finally, Morgan Stanley boosted their target price on Capital One Financial from $86.00 to $92.00 and gave the stock an “underweight” rating in a report on Friday, July 21st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $109.09.
Check Out Our Latest Report on Capital One Financial
Capital One Financial Company Profile
Capital One Financial Corporation operates as the financial services holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides 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.
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