Johnson Financial Group Inc. Sells 1,050 Shares of Capital One Financial Corporation $COF

Johnson Financial Group Inc. reduced its holdings in Capital One Financial Corporation (NYSE:COF) by 5.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,083 shares of the financial services provider’s stock after selling 1,050 shares during the quarter. Johnson Financial Group Inc.’s holdings in Capital One Financial were worth $4,060,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of COF. Eagle Bay Advisors LLC raised its stake in Capital One Financial by 3.6% in the second quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the financial services provider’s stock valued at $299,000 after purchasing an additional 49 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. increased its holdings in shares of Capital One Financial by 0.3% in the 2nd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 16,603 shares of the financial services provider’s stock worth $3,532,000 after buying an additional 50 shares during the last quarter. Atlantic Edge Private Wealth Management LLC raised its position in shares of Capital One Financial by 66.7% during the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock valued at $27,000 after buying an additional 50 shares in the last quarter. Culbertson A N & Co. Inc. lifted its holdings in shares of Capital One Financial by 0.4% during the 2nd quarter. Culbertson A N & Co. Inc. now owns 11,365 shares of the financial services provider’s stock worth $2,418,000 after acquiring an additional 50 shares during the last quarter. Finally, TFB Advisors LLC grew its position in Capital One Financial by 3.4% in the first quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider’s stock worth $276,000 after acquiring an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Shares of COF stock opened at $217.60 on Thursday. The firm has a market capitalization of $138.33 billion, a price-to-earnings ratio of 91.81, a PEG ratio of 0.70 and a beta of 1.19. The stock has a fifty day moving average of $216.00 and a 200 day moving average of $212.14. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The business had revenue of $15.46 billion for the quarter. As a group, research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be given a dividend of $0.80 per share. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, November 17th. Capital One Financial’s dividend payout ratio is presently 135.02%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Barclays raised their price target on Capital One Financial from $257.00 to $271.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Robert W. Baird raised their price objective on Capital One Financial from $245.00 to $270.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. BTIG Research reaffirmed a “buy” rating and issued a $264.00 target price on shares of Capital One Financial in a research note on Wednesday, October 22nd. Wolfe Research increased their price target on shares of Capital One Financial from $260.00 to $262.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Finally, TD Cowen boosted their price objective on shares of Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus target price of $261.63.

Insider Activity at Capital One Financial

In other Capital One Financial news, CEO Richard D. Fairbank sold 103,487 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $220.68, for a total value of $22,837,511.16. Following the completion of the sale, the chief executive officer directly owned 4,001,228 shares in the company, valued at $882,990,995.04. This trade represents a 2.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $219.41, for a total value of $438,820.00. Following the sale, the general counsel directly owned 96,486 shares in the company, valued at approximately $21,169,993.26. The trade was a 2.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 274,013 shares of company stock valued at $61,045,903 in the last three months. Corporate insiders own 1.26% of the company’s stock.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of 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.