NewEdge Advisors LLC Decreases Stock Position in Capital One Financial Corporation $COF

NewEdge Advisors LLC cut its stake in shares of Capital One Financial Corporation (NYSE:COF) by 18.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 34,744 shares of the financial services provider’s stock after selling 7,644 shares during the period. NewEdge Advisors LLC’s holdings in Capital One Financial were worth $6,338,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Brighton Jones LLC raised its position in Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after buying an additional 10,428 shares during the last quarter. Intech Investment Management LLC boosted its holdings in shares of Capital One Financial by 44.3% in the first quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider’s stock valued at $1,608,000 after acquiring an additional 2,753 shares in the last quarter. Sivia Capital Partners LLC increased its stake in shares of Capital One Financial by 118.3% during the second quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider’s stock worth $702,000 after acquiring an additional 1,788 shares during the period. Flow Traders U.S. LLC acquired a new position in shares of Capital One Financial during the second quarter worth about $218,000. Finally, Jump Financial LLC acquired a new stake in Capital One Financial in the second quarter valued at about $1,086,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Trading Up 0.4%

NYSE:COF opened at $218.62 on Tuesday. The company has a market cap of $134.12 billion, a PE ratio of 13.53, a P/E/G ratio of 0.80 and a beta of 1.02. The business’s 50 day moving average is $201.60 and its two-hundred day moving average is $198.14. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The business had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. During the same period in the previous year, the business earned $5.48 EPS. The business’s quarterly revenue was up 26.9% on a year-over-year basis. On average, analysts predict that Capital One Financial Corporation will post 20.19 EPS for the current year.

Capital One Financial Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have issued reports on COF shares. HSBC upgraded Capital One Financial from a “hold” rating to a “buy” rating and boosted their target price for the stock from $226.00 to $229.00 in a research report on Sunday, July 12th. BTIG Research raised their target price on Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Citigroup decreased their target price on shares of Capital One Financial from $310.00 to $295.00 and set a “buy” rating on the stock in a research report on Tuesday, July 28th. Piper Sandler started coverage on shares of Capital One Financial in a research report on Monday, June 29th. They issued an “overweight” rating and a $254.00 target price on the stock. Finally, Wall Street Zen lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Twenty equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.36.

Insider Buying and Selling

In other Capital One Financial news, CAO Timothy P. Golden sold 3,487 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total value of $735,757.00. Following the sale, the chief accounting officer directly owned 7,429 shares of the company’s stock, valued at $1,567,519. This trade represents a 31.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total transaction 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. This trade represents a 3.74% 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. Insiders sold a total of 16,713 shares of company stock worth $3,504,077 in the last three months. 0.78% of the stock is owned by 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.