VCI Wealth Management LLC Decreases Stake in Capital One Financial Corporation $COF

VCI Wealth Management LLC lessened its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 88.2% in the second quarter, Holdings Channel reports. The firm owned 1,076 shares of the financial services provider’s stock after selling 8,056 shares during the period. VCI Wealth Management LLC’s holdings in Capital One Financial were worth $216,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in Capital One Financial during the fourth quarter valued at approximately $2,089,803,000. Viking Global Investors LP increased its position in shares of Capital One Financial by 30.3% in the third quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock worth $1,570,649,000 after acquiring an additional 1,717,148 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Capital One Financial by 7,143.2% in the fourth quarter. Bessemer Group Inc. now owns 1,448,126 shares of the financial services provider’s stock worth $350,966,000 after acquiring an additional 1,428,133 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Capital One Financial by 64.9% in the 4th quarter. AQR Capital Management LLC now owns 3,366,692 shares of the financial services provider’s stock valued at $815,951,000 after acquiring an additional 1,324,845 shares during the period. Finally, Amundi raised its stake in shares of Capital One Financial by 41.5% in the 1st quarter. Amundi now owns 3,067,354 shares of the financial services provider’s stock valued at $559,577,000 after acquiring an additional 899,409 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Activity

In other news, insider Michael Zamsky sold 5,473 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $218.02, for a total value of $1,193,223.46. Following the completion of the sale, the insider directly owned 27,992 shares of the company’s stock, valued at approximately $6,102,815.84. This represents a 16.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Timothy P. Golden sold 3,487 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $1,567,519. The trade was a 31.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 22,186 shares of company stock worth $4,697,301 over the last ninety days. 0.78% of the stock is owned by company insiders.

Capital One Financial Stock Up 1.5%

COF stock opened at $227.19 on Friday. The firm has a market cap of $139.37 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 0.84 and a beta of 1.02. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64. The firm has a fifty day moving average price of $204.93 and a two-hundred day moving average price of $198.21. 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 issued its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. The firm had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. Capital One Financial’s revenue was up 26.9% on a year-over-year basis. During the same quarter last year, the company posted $5.48 earnings per share. Research analysts predict that Capital One Financial Corporation will post 20.19 EPS for the current year.

Capital One Financial Announces Dividend

The company 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 $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, August 17th. Capital One Financial’s dividend payout ratio (DPR) is 19.80%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Capital One Financial from $256.00 to $250.00 and set a “hold” rating for the company in a research report on Wednesday, April 22nd. Piper Sandler started coverage on Capital One Financial in a research report on Monday, June 29th. They issued an “overweight” rating and a $254.00 price objective on the stock. Barclays reduced their price objective on Capital One Financial from $242.00 to $240.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Bank of America decreased their target price 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 lowered 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. Twenty-one research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus target price of $259.36.

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.