56,863 Capital One Financial Corporation $COF Shares Sold by M&G PLC

M&G PLC cut its position in Capital One Financial Corporation (NYSE:COF) by 32.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 117,783 shares of the financial services provider’s stock after selling 56,863 shares during the period. M&G PLC’s holdings in Capital One Financial were worth $22,732,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COF. State Street Corp increased its holdings in Capital One Financial by 107.9% during the 2nd quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock valued at $11,491,259,000 after purchasing an additional 29,724,829 shares in the last quarter. BlackRock Inc. raised its position in Capital One Financial by 0.5% in the 2nd quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock valued at $10,242,628,000 after purchasing an additional 236,643 shares during the last quarter. Bank of America Corp DE bought a new position in Capital One Financial in the 2nd quarter valued at $1,435,311,000. Wellington Management Group LLP boosted its stake in Capital One Financial by 36.2% in the second quarter. Wellington Management Group LLP now owns 7,108,112 shares of the financial services provider’s stock worth $1,426,029,000 after purchasing an additional 1,887,497 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Capital One Financial by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 5,621,240 shares of the financial services provider’s stock worth $1,127,733,000 after purchasing an additional 187,532 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

COF has been the topic of several research analyst reports. Citigroup increased their target price on Capital One Financial from $280.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, October 21st. Barclays lifted their price target on Capital One Financial from $237.00 to $238.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. Morgan Stanley reduced their price target on shares of Capital One Financial from $273.00 to $267.00 and set an “overweight” rating on the stock in a research report on Monday, October 12th. JPMorgan Chase & Co. upped their price target on shares of Capital One Financial from $227.00 to $241.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. Finally, Piper Sandler increased their price objective on shares of Capital One Financial from $260.00 to $269.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Twenty research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $256.50.

Insider Activity

In other news, Director Peter E. Raskind sold 1,681 shares of the firm’s stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $201.79, for a total value of $339,208.99. Following the transaction, the director owned 32,715 shares of the company’s stock, valued at approximately $6,601,559.85. This trade represents a 4.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $196.22, for a total transaction of $686,770.00. Following the sale, the general counsel owned 79,694 shares of the company’s stock, valued at approximately $15,637,556.68. This represents a 4.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 202,145 shares of company stock worth $41,281,806. Corporate insiders own 0.78% of the company’s stock.

Capital One Financial Stock Down 1.6%

NYSE COF opened at $198.63 on Tuesday. The stock has a market capitalization of $119.48 billion, a P/E ratio of 11.73, a price-to-earnings-growth ratio of 0.94 and a beta of 1.10. 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 0.45, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a fifty day moving average of $203.26 and a 200-day moving average of $200.76.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.53 by $1.16. The business had revenue of $16.31 billion for the quarter, compared to analyst estimates of $16.25 billion. Capital One Financial had a return on equity of 11.64% and a net margin of 13.70%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.95 earnings per share. On average, equities research analysts forecast that Capital One Financial Corporation will post 21.53 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 16th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, November 16th. Capital One Financial’s payout ratio is currently 18.89%.

Capital One Financial Company Profile