Capital One Financial Corporation $COF Shares Sold by Burney Co.

Burney Co. reduced its stake in Capital One Financial Corporation (NYSE:COF) by 24.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 138,848 shares of the financial services provider’s stock after selling 45,437 shares during the quarter. Capital One Financial makes up approximately 0.8% of Burney Co.’s investment portfolio, making the stock its 16th largest position. Burney Co.’s holdings in Capital One Financial were worth $25,330,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Swiss Life Asset Management Ltd raised its stake in Capital One Financial by 16.4% during the third quarter. Swiss Life Asset Management Ltd now owns 104,192 shares of the financial services provider’s stock worth $22,149,000 after purchasing an additional 14,700 shares during the period. Wealth Enhancement Trust Services Inc. purchased a new stake in shares of Capital One Financial in the 4th quarter valued at approximately $1,303,000. Martingale Asset Management L P purchased a new stake in shares of Capital One Financial in the 3rd quarter valued at approximately $16,872,000. HighTower Advisors LLC increased its holdings in shares of Capital One Financial by 18.1% during the 4th quarter. HighTower Advisors LLC now owns 353,767 shares of the financial services provider’s stock worth $85,739,000 after buying an additional 54,263 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of Capital One Financial by 239.5% during the 4th quarter. Nordea Investment Management AB now owns 265,062 shares of the financial services provider’s stock worth $64,654,000 after buying an additional 186,988 shares during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on COF. Piper Sandler initiated coverage on shares of Capital One Financial in a research report on Monday, June 29th. They set an “overweight” rating and a $254.00 price target on the stock. Rothschild & Co Redburn lowered their price objective on Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. UBS Group cut their target price on Capital One Financial from $283.00 to $270.00 in a research note on Wednesday, May 6th. Royal Bank Of Canada reduced their target price on Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating on the stock in a research report on Friday, April 10th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Capital One Financial from $256.00 to $250.00 and set a “hold” rating on the stock in a research note on Wednesday, April 22nd. Eighteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Capital One Financial presently has a consensus rating of “Moderate Buy” and an average target price of $260.19.

Capital One Financial Price Performance

Capital One Financial stock opened at $206.61 on Tuesday. The company’s 50 day simple moving average is $191.12 and its 200-day simple moving average is $204.59. The company has a market capitalization of $128.57 billion, a price-to-earnings ratio of 72.49, a price-to-earnings-growth ratio of 0.74 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 company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.03.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing the consensus estimate of $5.08 by ($0.66). The company had revenue of $15.23 billion during the quarter, compared to analyst estimates of $15.68 billion. Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The business’s revenue was up 52.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.06 earnings per share. As a group, equities research analysts expect that Capital One Financial Corporation will post 19.53 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, May 19th. Capital One Financial’s dividend payout ratio is 112.28%.

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, May 12th. The stock was sold at an average price of $183.93, for a total value of $643,755.00. Following the completion of the sale, the general counsel directly owned 97,194 shares of the company’s stock, valued at approximately $17,876,892.42. The trade was a 3.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $192.58, for a total value of $336,822.42. Following the completion of the sale, the insider owned 61,579 shares in the company, valued at $11,858,883.82. This represents a 2.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.78% of the stock is owned by corporate insiders.

Capital One Financial 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.