Securian Asset Management Inc. Cuts Stake in Capital One Financial Co. (NYSE:COF)

Securian Asset Management Inc. reduced its stake in Capital One Financial Co. (NYSE:COF) by 2.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 21,932 shares of the financial services provider’s stock after selling 472 shares during the quarter. Securian Asset Management Inc.’s holdings in Capital One Financial were worth $3,036,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Capital One Financial by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 30,893,408 shares of the financial services provider’s stock valued at $4,599,720,000 after acquiring an additional 226,720 shares during the period. Capital Research Global Investors raised its stake in Capital One Financial by 72.8% in the 1st quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock valued at $3,145,761,000 after acquiring an additional 8,900,241 shares during the period. Capital World Investors raised its stake in Capital One Financial by 2.1% in the 4th quarter. Capital World Investors now owns 14,991,564 shares of the financial services provider’s stock valued at $1,965,761,000 after acquiring an additional 311,696 shares during the period. Pzena Investment Management LLC raised its stake in Capital One Financial by 1.6% in the 4th quarter. Pzena Investment Management LLC now owns 7,751,043 shares of the financial services provider’s stock valued at $1,016,317,000 after acquiring an additional 124,055 shares during the period. Finally, Clearbridge Investments LLC raised its stake in Capital One Financial by 18.8% in the 1st quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock valued at $517,184,000 after acquiring an additional 549,665 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Stock Down 1.7 %

COF traded down $2.31 during trading on Monday, reaching $132.50. The stock had a trading volume of 1,029,122 shares, compared to its average volume of 2,536,842. The stock’s 50 day moving average is $139.74 and its two-hundred day moving average is $139.71. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $50.38 billion, a price-to-earnings ratio of 10.39, a P/E/G ratio of 1.13 and a beta of 1.45. Capital One Financial Co. has a one year low of $88.23 and a one year high of $153.35.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). The firm had revenue of $9.51 billion during the quarter, compared to the consensus estimate of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. Capital One Financial’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $3.52 EPS. As a group, analysts expect that Capital One Financial Co. will post 13.17 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 12th will be issued a dividend of $0.60 per share. The ex-dividend date is Monday, August 12th. This represents a $2.40 annualized dividend and a dividend yield of 1.81%. Capital One Financial’s payout ratio is presently 18.79%.

Insider Activity

In other news, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the transaction, the insider now directly owns 73,734 shares in the company, valued at $11,060,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the transaction, the insider now directly owns 73,734 shares in the company, valued at $11,060,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the sale, the chief executive officer now directly owns 40,934 shares in the company, valued at $5,438,491.24. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on COF. Jefferies Financial Group upgraded Capital One Financial from a “hold” rating to a “buy” rating and upped their price target for the company from $145.00 to $165.00 in a research report on Thursday, June 6th. Royal Bank of Canada restated a “sector perform” rating and issued a $150.00 price objective on shares of Capital One Financial in a research report on Thursday, July 25th. BTIG Research started coverage on shares of Capital One Financial in a research report on Friday, June 7th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday, July 8th. Finally, Evercore ISI decreased their price objective on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $145.89.

Capital One Financial Company 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.