Oppenheimer & Co. Inc. Sells 3,713 Shares of Capital One Financial Corporation $COF

Oppenheimer & Co. Inc. lowered its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 12.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 25,853 shares of the financial services provider’s stock after selling 3,713 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Capital One Financial were worth $5,187,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Evolution Wealth Management Inc. raised its position in shares of Capital One Financial by 529.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after buying an additional 90 shares in the last quarter. VSM Wealth Advisory LLC bought a new position in shares of Capital One Financial in the 4th quarter valued at about $27,000. Cherry Tree Wealth Management LLC grew its position in Capital One Financial by 1,312.5% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 105 shares in the last quarter. Osterweis Capital Management Inc. purchased a new position in Capital One Financial in the fourth quarter worth about $29,000. Finally, CrossGen Wealth LLC bought a new stake in Capital One Financial during the fourth quarter worth approximately $30,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction on 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Timothy P. Golden sold 3,487 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total transaction 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 represents a 31.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 22,186 shares of company stock worth $4,697,301. Insiders own 0.78% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. HSBC upgraded Capital One Financial from a “hold” rating to a “buy” rating and upped their price objective for the company from $226.00 to $229.00 in a research report on Sunday, July 12th. Truist Financial cut their target price on Capital One Financial from $275.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. TD Cowen decreased their price target on Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. 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. Finally, Citigroup dropped their price objective on shares of 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. Twenty-one analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and a consensus price target of $259.36.

Capital One Financial Stock Up 1.5%

Shares of NYSE COF opened at $227.19 on Friday. Capital One Financial Corporation has a 1 year low of $174.24 and a 1 year high of $259.64. The firm has a 50-day simple moving average of $204.93 and a two-hundred day simple moving average of $198.21. The company has a market cap of $139.38 billion, a P/E ratio of 14.06, a PEG ratio of 0.82 and a beta of 1.02. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS 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 firm had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. During the same quarter in the prior year, the firm posted $5.48 earnings per share. The company’s quarterly revenue was up 26.9% on a year-over-year basis. Research analysts anticipate that Capital One Financial Corporation will post 20.19 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be issued a dividend of $0.80 per share. The ex-dividend date is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.4%. Capital One Financial’s payout ratio is presently 19.80%.

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.