Polaris Capital Management LLC Decreases Position in Capital One Financial Corporation $COF

Polaris Capital Management LLC lessened its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 27.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 143,465 shares of the financial services provider’s stock after selling 53,400 shares during the period. Capital One Financial makes up about 2.0% of Polaris Capital Management LLC’s portfolio, making the stock its 22nd biggest holding. Polaris Capital Management LLC’s holdings in Capital One Financial were worth $30,524,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COF. WPG Advisers LLC purchased a new position in Capital One Financial in the 1st quarter worth $25,000. Moisand Fitzgerald Tamayo LLC raised its stake in Capital One Financial by 103.3% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 62 shares during the last quarter. Saudi Central Bank purchased a new position in Capital One Financial in the 1st quarter worth $27,000. Signature Resources Capital Management LLC purchased a new position in Capital One Financial in the 2nd quarter worth $28,000. Finally, Beacon Capital Management LLC raised its stake in Capital One Financial by 118.3% in the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

Shares of Capital One Financial stock opened at $214.39 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45. The business has a 50-day moving average price of $219.30 and a 200 day moving average price of $200.97. The firm has a market cap of $137.10 billion, a PE ratio of 109.94, a P/E/G ratio of 0.81 and a beta of 1.18.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to analysts’ expectations of $12.72 billion. During the same quarter in the prior year, the firm earned $3.14 EPS. Capital One Financial’s revenue for the quarter was up 31.4% on a year-over-year basis. Sell-side analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial’s payout ratio is currently 123.08%.

Insiders Place Their Bets

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total value of $423,980.00. Following the sale, the general counsel directly owned 98,486 shares in the company, valued at approximately $20,878,047.14. The trade was a 1.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the sale, the insider owned 27,364 shares in the company, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,298 shares of company stock worth $5,103,824 in the last 90 days. 1.26% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

COF has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Capital One Financial in a research note on Saturday, September 27th. Robert W. Baird lifted their price objective on Capital One Financial from $240.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday. Evercore ISI lifted their price objective on Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Tuesday. Citigroup lifted their price objective on Capital One Financial from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Finally, Truist Financial lifted their price objective on Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $249.06.

Capital One Financial Profile

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.