Midwest Professional Planners LTD. Cuts Stake in Capital One Financial Corporation $COF

Midwest Professional Planners LTD. cut its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 11.0% during the second quarter, HoldingsChannel.com reports. The firm owned 26,245 shares of the financial services provider’s stock after selling 3,234 shares during the period. Capital One Financial accounts for 1.0% of Midwest Professional Planners LTD.’s portfolio, making the stock its 27th biggest position. Midwest Professional Planners LTD.’s holdings in Capital One Financial were worth $5,265,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in COF. Norges Bank purchased a new position in Capital One Financial during the 4th quarter worth $2,089,803,000. Bank of America Corp DE purchased a new stake in Capital One Financial in the second quarter valued at about $1,435,311,000. Legal & General Group Plc acquired a new stake in Capital One Financial in the second quarter worth about $680,983,000. Berkshire Hathaway Inc acquired a new stake in Capital One Financial in the second quarter worth about $601,860,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Capital One Financial during the second quarter worth about $482,718,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Down 1.7%

COF stock opened at $210.90 on Wednesday. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. The firm’s fifty day moving average is $210.86 and its 200 day moving average is $197.76. The firm has a market cap of $129.38 billion, a PE ratio of 13.05, a P/E/G ratio of 0.79 and a beta of 1.02.

Capital One Financial (NYSE:COF) last issued 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. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The business had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. During the same quarter in the prior year, the firm posted $5.48 earnings per share. The company’s revenue was up 26.9% compared to the same quarter last year. On average, research analysts forecast that Capital One Financial Corporation will post 20.29 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors 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 presently 19.80%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Piper Sandler initiated coverage on shares of Capital One Financial in a report on Monday, June 29th. They set an “overweight” rating and a $254.00 price objective on the stock. Barclays lowered their price objective on shares of Capital One Financial from $242.00 to $240.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Wall Street Zen downgraded Capital One Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Citigroup reduced their target price on Capital One Financial from $310.00 to $295.00 and set a “buy” rating for the company in a research note on Tuesday, July 28th. Finally, Bank of America lowered their price target 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. Twenty-one equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $258.91.

Insider Activity at Capital One Financial

In other Capital One Financial news, CAO Timothy P. Golden sold 3,487 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total transaction of $735,757.00. Following the transaction, the chief accounting officer owned 7,429 shares in the company, valued at approximately $1,567,519. This represents a 31.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The shares were 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 directly 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. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 26,267 shares of company stock valued at $5,617,648 in the last ninety days. 0.78% of the stock is currently owned by company insiders.

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.