Capital One Financial Corporation $COF Shares Sold by Polaris Capital Management LLC

Polaris Capital Management LLC reduced its stake in shares of Capital One Financial Corporation (NYSE:COF) by 27.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 143,465 shares of the financial services provider’s stock after selling 53,400 shares during the period. Capital One Financial accounts for about 2.0% of Polaris Capital Management LLC’s portfolio, making the stock its 22nd largest holding. Polaris Capital Management LLC’s holdings in Capital One Financial were worth $30,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Capital One Financial by 18.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider’s stock worth $10,010,000 after purchasing an additional 9,374 shares during the last quarter. Plancorp LLC acquired a new position in shares of Capital One Financial during the 2nd quarter worth approximately $272,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of Capital One Financial by 105.3% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider’s stock worth $138,000 after purchasing an additional 394 shares during the last quarter. Private Advisor Group LLC boosted its holdings 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 purchasing an additional 1,312 shares during the last quarter. Finally, Mutual Advisors LLC acquired a new position in shares of Capital One Financial during the 1st quarter worth approximately $215,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Capital One Financial

In other news, insider Robert M. Alexander sold 10,114 shares of the company’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the sale, the insider owned 68,707 shares of the company’s stock, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Timothy P. Golden sold 207 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total value of $44,589.87. Following the sale, the chief accounting officer directly owned 8,780 shares in the company, valued at $1,891,299.80. This represents a 2.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,298 shares of company stock worth $5,103,824 in the last ninety days. 1.26% of the stock is owned by company insiders.

Capital One Financial Stock Up 0.3%

Shares of NYSE COF opened at $214.39 on Friday. The firm has a market cap of $137.10 billion, a price-to-earnings ratio of 109.94, a PEG ratio of 0.81 and a beta of 1.18. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The business’s 50 day moving average is $219.30 and its two-hundred day moving average is $200.97.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to analysts’ expectations of $12.72 billion. The firm’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.14 EPS. Research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a $0.60 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. Capital One Financial’s payout ratio is presently 123.08%.

Analysts Set New Price Targets

COF has been the topic of several analyst reports. Barclays reaffirmed an “overweight” rating and set a $253.00 price target (up previously from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Morgan Stanley lifted their price target on shares of Capital One Financial from $261.00 to $267.00 and gave the company an “overweight” rating in a research report on Monday. Truist Financial lifted their price target on shares of Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Capital One Financial in a research report on Saturday, September 27th. Finally, Wells Fargo & Company lifted their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $249.06.

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.