Oliver Luxxe Assets LLC Sells 5,310 Shares of Capital One Financial Corporation $COF

Oliver Luxxe Assets LLC lessened its position in shares of Capital One Financial Corporation (NYSE:COF) by 10.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,376 shares of the financial services provider’s stock after selling 5,310 shares during the quarter. Capital One Financial accounts for 1.3% of Oliver Luxxe Assets LLC’s portfolio, making the stock its 19th biggest holding. Oliver Luxxe Assets LLC’s holdings in Capital One Financial were worth $8,702,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Capital One Financial by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider’s stock worth $13,789,615,000 after buying an additional 360,071 shares during the last quarter. Franklin Resources Inc. increased its holdings in Capital One Financial by 5.4% during the fourth quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider’s stock valued at $3,023,795,000 after buying an additional 638,158 shares during the last quarter. Morgan Stanley increased its holdings in Capital One Financial by 3.9% during the fourth quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider’s stock valued at $2,103,196,000 after buying an additional 323,350 shares during the last quarter. Norges Bank bought a new position in Capital One Financial in the fourth quarter worth approximately $2,089,803,000. Finally, Davis Selected Advisers raised its position in Capital One Financial by 2.8% in the fourth quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider’s stock worth $2,087,878,000 after acquiring an additional 234,649 shares during the period. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

COF opened at $217.54 on Friday. The company has a 50 day simple moving average of $200.92 and a two-hundred day simple moving average of $198.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $133.46 billion, a P/E ratio of 13.46, a PEG ratio of 0.80 and a beta of 1.02. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating the consensus estimate of $4.79 by $1.02. The firm 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 last year, the firm earned $5.48 EPS. Equities analysts forecast that Capital One Financial Corporation will post 20.19 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Piper Sandler initiated coverage on shares of Capital One Financial in a research report on Monday, June 29th. They set an “overweight” rating and a $254.00 price objective for the company. Wall Street Zen cut Capital One Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Argus lowered their target price on Capital One Financial from $260.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Bank of America lowered their target price on Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, HSBC raised Capital One Financial from a “hold” rating to a “buy” rating and boosted their price target for the company from $226.00 to $229.00 in a report on Sunday, July 12th. Twenty research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.36.

Insiders Place Their Bets

In other Capital One Financial news, insider Ravi Raghu sold 9,726 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 26,328 shares in the company, valued at $5,523,087.84. This represents a 26.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $208.00, for a total transaction of $728,000.00. Following the sale, the general counsel directly owned 90,194 shares of the company’s stock, valued at approximately $18,760,352. This trade represents 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 sold 20,213 shares of company stock worth $4,147,832 in the last three months. 0.78% of the stock is owned by company insiders.

Capital One Financial Company 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.