Clarkston Capital Partners LLC Reduces Stake in Capital One Financial Corporation $COF

Clarkston Capital Partners LLC reduced its stake in shares of Capital One Financial Corporation (NYSE:COF) by 2.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 232,262 shares of the financial services provider’s stock after selling 4,990 shares during the period. Capital One Financial comprises 1.0% of Clarkston Capital Partners LLC’s investment portfolio, making the stock its 29th biggest position. Clarkston Capital Partners LLC’s holdings in Capital One Financial were worth $49,416,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Moisand Fitzgerald Tamayo LLC increased its position in Capital One Financial by 103.3% in the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock worth $26,000 after buying an additional 62 shares during the last quarter. Olistico Wealth LLC grew its stake in shares of Capital One Financial by 439.1% during the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 101 shares during the period. Atlantic Edge Private Wealth Management LLC grew its stake in shares of Capital One Financial by 66.7% during the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 50 shares during the period. RMG Wealth Management LLC purchased a new stake in Capital One Financial in the 2nd quarter worth about $27,000. Finally, Solstein Capital LLC bought a new stake in Capital One Financial in the 2nd quarter valued at about $28,000. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Shares of COF opened at $217.60 on Friday. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45. The company has a market cap of $138.33 billion, a PE ratio of 91.81, a price-to-earnings-growth ratio of 0.70 and a beta of 1.19. The stock has a 50-day moving average price of $215.76 and a 200-day moving average price of $212.18.

Capital One Financial (NYSE:COF) last announced 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 for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. As a group, equities analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.5%. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Monday, November 17th. Capital One Financial’s dividend payout ratio is presently 135.02%.

Analyst Ratings Changes

A number of brokerages have weighed in on COF. Truist Financial increased their target price on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Zacks Research downgraded shares of Capital One Financial from a “strong-buy” rating to a “hold” rating in a report on Monday. Wolfe Research lifted their price objective on shares of Capital One Financial from $260.00 to $262.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Rothschild & Co Redburn started coverage on Capital One Financial in a research report on Friday, August 1st. They set a “buy” rating and a $290.00 target price on the stock. Finally, Robert W. Baird raised their price target on Capital One Financial from $245.00 to $270.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $261.63.

Insider Transactions at Capital One Financial

In other news, insider Neal Blinde sold 43,200 shares of the company’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $221.83, for a total value of $9,583,056.00. Following the completion of the transaction, the insider directly owned 73,020 shares in the company, valued at approximately $16,198,026.60. This represents a 37.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard D. Fairbank sold 103,487 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $220.68, for a total value of $22,837,511.16. Following the transaction, the chief executive officer directly owned 4,001,228 shares in the company, valued at approximately $882,990,995.04. This represents a 2.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 274,013 shares of company stock worth $61,045,903. 1.26% of the stock is currently owned by company insiders.

About Capital One Financial

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.