Lmcg Investments LLC Reduces Stock Position in Capital One Financial Co. (NYSE:COF)

Lmcg Investments LLC lessened its position in shares of Capital One Financial Co. (NYSE:COF) by 5.3% during the 1st quarter, Holdings Channel reports. The firm owned 90,224 shares of the financial services provider’s stock after selling 5,089 shares during the quarter. Capital One Financial comprises 1.1% of Lmcg Investments LLC’s portfolio, making the stock its 19th largest holding. Lmcg Investments LLC’s holdings in Capital One Financial were worth $16,177,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in COF. Norges Bank purchased a new stake in Capital One Financial during the 4th quarter valued at about $590,279,000. Lone Pine Capital LLC purchased a new stake in shares of Capital One Financial in the fourth quarter worth about $577,012,000. Egerton Capital UK LLP purchased a new stake in shares of Capital One Financial in the fourth quarter worth about $279,159,000. FMR LLC boosted its stake in shares of Capital One Financial by 21.6% in the fourth quarter. FMR LLC now owns 8,077,886 shares of the financial services provider’s stock worth $1,440,449,000 after buying an additional 1,436,935 shares during the last quarter. Finally, Meritage Group LP purchased a new stake in shares of Capital One Financial in the fourth quarter worth about $227,662,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

Shares of Capital One Financial stock opened at $192.95 on Thursday. The business has a 50 day simple moving average of $180.11 and a two-hundred day simple moving average of $184.83. Capital One Financial Co. has a 12 month low of $128.23 and a 12 month high of $210.67. The stock has a market capitalization of $73.93 billion, a P/E ratio of 16.65, a PEG ratio of 1.19 and a beta of 1.13. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, beating analysts’ consensus estimates of $3.75 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.07 billion. As a group, analysts predict that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Friday, May 23rd will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.40 annualized dividend and a dividend yield of 1.24%. Capital One Financial’s dividend payout ratio is presently 20.15%.

Analysts Set New Price Targets

COF has been the topic of a number of recent research reports. Bank of America upped their target price on Capital One Financial from $223.00 to $233.00 and gave the stock a “buy” rating in a research note on Wednesday, May 21st. Evercore ISI upgraded Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 target price on the stock in a research note on Wednesday, March 12th. Royal Bank of Canada set a $190.00 target price on Capital One Financial and gave the stock a “sector perform” rating in a research note on Monday, April 14th. Truist Financial upped their target price on Capital One Financial from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. lowered their target price on Capital One Financial from $198.00 to $170.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $207.60.

Insider Activity at Capital One Financial

In related news, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the completion of the sale, the director now owns 56,244 shares of the company’s stock, valued at approximately $11,175,682.80. This trade represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Zamsky sold 9,560 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $199.40, for a total value of $1,906,264.00. Following the completion of the sale, the insider now directly owns 20,089 shares of the company’s stock, valued at approximately $4,005,746.60. This represents a 32.24% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

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.