Artisan Partners Limited Partnership Sells 68,322 Shares of Capital One Financial Corporation $COF

Artisan Partners Limited Partnership trimmed its stake in Capital One Financial Corporation (NYSE:COF) by 16.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 354,781 shares of the financial services provider’s stock after selling 68,322 shares during the quarter. Artisan Partners Limited Partnership owned about 0.06% of Capital One Financial worth $75,419,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in COF. Brighton Jones LLC grew its stake in shares of Capital One Financial by 330.1% in the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock valued at $2,423,000 after buying an additional 10,428 shares during the period. Intech Investment Management LLC raised its stake in Capital One Financial by 44.3% during the 1st quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider’s stock worth $1,608,000 after buying an additional 2,753 shares during the period. Sivia Capital Partners LLC boosted its holdings in Capital One Financial by 118.3% in the second quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider’s stock worth $702,000 after acquiring an additional 1,788 shares in the last quarter. AlphaQuest LLC grew its stake in Capital One Financial by 99.2% in the second quarter. AlphaQuest LLC now owns 1,309 shares of the financial services provider’s stock valued at $279,000 after acquiring an additional 652 shares during the period. Finally, Daymark Wealth Partners LLC increased its holdings in shares of Capital One Financial by 25.5% during the second quarter. Daymark Wealth Partners LLC now owns 5,258 shares of the financial services provider’s stock valued at $1,119,000 after acquiring an additional 1,070 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Trading Down 6.3%

Shares of COF stock opened at $195.26 on Friday. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $259.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04. The company has a 50-day simple moving average of $227.35 and a two-hundred day simple moving average of $222.95. The company has a market capitalization of $121.44 billion, a price-to-earnings ratio of 65.97, a PEG ratio of 0.62 and a beta of 1.14.

Capital One Financial (NYSE:COF) last posted its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.During the same quarter in the prior year, the firm posted $2.67 EPS. The company’s revenue for the quarter was up 53.3% compared to the same quarter last year. Research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th will be given a $0.80 dividend. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $3.20 annualized dividend and a yield of 1.6%. Capital One Financial’s payout ratio is currently 108.11%.

Insider Transactions at Capital One Financial

In related news, insider Celia Karam sold 2,936 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $218.15, for a total transaction of $640,488.40. Following the completion of the transaction, the insider owned 63,433 shares in the company, valued at approximately $13,837,908.95. This represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ravi Raghu sold 13,450 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $250.00, for a total transaction of $3,362,500.00. Following the sale, the insider owned 30,337 shares of the company’s stock, valued at $7,584,250. This trade represents a 30.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 76,138 shares of company stock worth $16,160,598. Company insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

COF has been the topic of a number of recent research reports. Citigroup increased their target price on Capital One Financial from $290.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, December 31st. Evercore dropped their price objective on shares of Capital One Financial from $290.00 to $265.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 27th. Truist Financial reduced their price objective on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a report on Monday, January 26th. Keefe, Bruyette & Woods upped their target price on shares of Capital One Financial from $260.00 to $290.00 and gave the stock an “outperform” rating in a report on Friday, January 2nd. Finally, Barclays dropped their price target on shares of Capital One Financial from $294.00 to $287.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Capital One Financial presently has an average rating of “Moderate Buy” and an average target price of $274.70.

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.