Acadian Asset Management LLC Lowers Stock Position in Capital One Financial Corporation $COF

Acadian Asset Management LLC lowered its position in shares of Capital One Financial Corporation (NYSE:COF) by 27.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 25,565 shares of the financial services provider’s stock after selling 9,887 shares during the quarter. Acadian Asset Management LLC’s holdings in Capital One Financial were worth $5,436,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of COF. Earned Wealth Advisors LLC acquired a new stake in Capital One Financial in the second quarter worth about $254,000. Plancorp LLC bought a new stake in shares of Capital One Financial during the 2nd quarter worth about $272,000. Private Advisor Group LLC raised its position in shares of Capital One Financial by 15.3% during the 1st quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider’s stock worth $1,776,000 after buying an additional 1,312 shares in the last quarter. Smith Chas P & Associates PA Cpas lifted its stake in shares of Capital One Financial by 1,490.0% in the 2nd quarter. Smith Chas P & Associates PA Cpas now owns 43,486 shares of the financial services provider’s stock worth $9,252,000 after acquiring an additional 40,751 shares during the period. Finally, Callodine Capital Management LP boosted its holdings in shares of Capital One Financial by 200.0% in the first quarter. Callodine Capital Management LP now owns 150,000 shares of the financial services provider’s stock valued at $26,895,000 after acquiring an additional 100,000 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Neal Blinde sold 43,200 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $221.83, for a total transaction of $9,583,056.00. Following the sale, the insider directly owned 73,020 shares in the company, valued at approximately $16,198,026.60. This trade represents a 37.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Timothy P. Golden sold 207 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total value of $44,589.87. Following the completion of the sale, the chief accounting officer owned 8,780 shares in the company, valued at approximately $1,891,299.80. This trade represents a 2.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 256,380 shares of company stock worth $57,129,478 over the last quarter. Company insiders own 1.26% of the company’s stock.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $216.65 on Friday. The company has a market cap of $137.73 billion, a price-to-earnings ratio of 91.41, a PEG ratio of 0.70 and a beta of 1.19. The business has a 50 day moving average price of $218.92 and a 200 day moving average price of $210.58. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45.

Capital One Financial (NYSE:COF) last released its earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. The business had revenue of $15.46 billion during the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. Research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be given 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 is Monday, November 17th. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s dividend payout ratio is currently 135.02%.

Wall Street Analyst Weigh In

COF has been the topic of several research reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Capital One Financial from $224.00 to $240.00 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. Wells Fargo & Company increased their target price on shares of Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Wolfe Research raised their target price on shares of Capital One Financial from $260.00 to $262.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Redburn Atlantic raised Capital One Financial to a “strong-buy” rating in a report on Friday, August 1st. Finally, Truist Financial raised their price objective on Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Four analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Capital One Financial presently has an average rating of “Moderate Buy” and an average price target of $261.63.

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.