Capital One Financial Co. (NYSE:COF) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. lowered its stake in Capital One Financial Co. (NYSE:COF) by 23.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,000 shares of the financial services provider’s stock after selling 1,200 shares during the quarter. Intact Investment Management Inc.’s holdings in Capital One Financial were worth $385,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in COF. Cetera Investment Advisers grew its stake in Capital One Financial by 25.3% in the 1st quarter. Cetera Investment Advisers now owns 7,940 shares of the financial services provider’s stock valued at $1,042,000 after acquiring an additional 1,601 shares during the period. Moors & Cabot Inc. lifted its holdings in Capital One Financial by 9.2% in the 1st quarter. Moors & Cabot Inc. now owns 3,979 shares of the financial services provider’s stock valued at $522,000 after purchasing an additional 335 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Capital One Financial by 11.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,959 shares of the financial services provider’s stock valued at $388,000 after purchasing an additional 303 shares in the last quarter. Candriam Luxembourg S.C.A. lifted its holdings in Capital One Financial by 4.1% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 43,094 shares of the financial services provider’s stock valued at $5,658,000 after purchasing an additional 1,698 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in Capital One Financial by 4.2% in the 1st quarter. Baird Financial Group Inc. now owns 25,248 shares of the financial services provider’s stock valued at $3,315,000 after purchasing an additional 1,008 shares in the last quarter. Institutional investors and hedge funds own 90.09% of the company’s stock.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $99.92 on Monday. The business has a 50-day moving average price of $109.10 and a 200 day moving average price of $103.11. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $38.11 billion, a price-to-earnings ratio of 7.65, a PEG ratio of 1.94 and a beta of 1.47. Capital One Financial Co. has a 12-month low of $83.93 and a 12-month high of $123.09.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Thursday, July 20th. The financial services provider reported $3.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.21. The firm had revenue of $9.01 billion during the quarter, compared to the consensus estimate of $9.13 billion. Capital One Financial had a return on equity of 9.72% and a net margin of 11.94%. The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the company earned $4.96 EPS. Sell-side analysts expect that Capital One Financial Co. will post 11.56 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, August 7th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Friday, August 4th. Capital One Financial’s dividend payout ratio is currently 18.38%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, CEO Richard D. Fairbank sold 3,891 shares of Capital One Financial stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $117.34, for a total value of $456,569.94. Following the completion of the transaction, the chief executive officer now directly owns 3,848,406 shares of the company’s stock, valued at approximately $451,571,960.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Kara West sold 2,362 shares of the business’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $115.06, for a total transaction of $271,771.72. Following the completion of the transaction, the insider now directly owns 10,450 shares of the company’s stock, valued at $1,202,377. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Richard D. Fairbank sold 3,891 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $117.34, for a total value of $456,569.94. Following the transaction, the chief executive officer now directly owns 3,848,406 shares of the company’s stock, valued at $451,571,960.04. The disclosure for this sale can be found here. Insiders sold a total of 34,286 shares of company stock valued at $3,902,710 in the last three months. 1.27% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Citigroup raised their price objective on Capital One Financial from $124.00 to $130.00 and gave the company a “buy” rating in a report on Friday, July 21st. Wells Fargo & Company raised their price objective on Capital One Financial from $110.00 to $127.00 and gave the company an “overweight” rating in a report on Friday, July 21st. JPMorgan Chase & Co. lifted their price target on Capital One Financial from $102.00 to $112.00 in a report on Monday, June 26th. Piper Sandler lifted their price target on Capital One Financial from $112.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, July 21st. Finally, Morgan Stanley lifted their price target on Capital One Financial from $86.00 to $92.00 and gave the stock an “underweight” rating in a report on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Capital One Financial has an average rating of “Hold” and an average target price of $109.09.

Capital One Financial Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides 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.