Modern Wealth Management LLC Sells 3,979 Shares of Capital One Financial Corporation $COF

Modern Wealth Management LLC decreased its stake in shares of Capital One Financial Corporation (NYSE:COF) by 55.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,223 shares of the financial services provider’s stock after selling 3,979 shares during the quarter. Modern Wealth Management LLC’s holdings in Capital One Financial were worth $595,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Wealth Enhancement Trust Services Inc. bought a new position in Capital One Financial during the fourth quarter worth about $1,303,000. HighTower Advisors LLC increased its position in Capital One Financial by 18.1% during the fourth quarter. HighTower Advisors LLC now owns 353,767 shares of the financial services provider’s stock worth $85,739,000 after buying an additional 54,263 shares during the last quarter. Swiss Life Asset Management Ltd raised its stake in Capital One Financial by 11.2% in the fourth quarter. Swiss Life Asset Management Ltd now owns 115,843 shares of the financial services provider’s stock valued at $28,076,000 after buying an additional 11,651 shares during the period. Vanguard Group Inc. raised its stake in Capital One Financial by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider’s stock valued at $13,789,615,000 after buying an additional 360,071 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Capital One Financial by 2.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 223,977 shares of the financial services provider’s stock valued at $54,283,000 after buying an additional 6,225 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Shares of NYSE COF opened at $206.86 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. The stock’s fifty day moving average price is $195.78 and its two-hundred day moving average price is $199.85. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64. The firm has a market cap of $128.73 billion, a price-to-earnings ratio of 12.80, a P/E/G ratio of 0.75 and a beta of 1.02.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The firm had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. During the same quarter last year, the business earned $5.48 EPS. The company’s quarterly revenue was up 26.9% compared to the same quarter last year. On average, equities analysts forecast that Capital One Financial Corporation will post 20.13 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, May 19th. Capital One Financial’s dividend payout ratio (DPR) is currently 19.80%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Royal Bank Of Canada decreased their target price on Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating on the stock in a report on Friday, April 10th. Truist Financial reduced their price objective on shares of Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Wall Street Zen upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a research report on Wednesday, June 24th. Finally, Bank of America cut their target price on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Twenty research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.82.

Insider Transactions at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $208.00, for a total value of $728,000.00. Following the completion of the sale, the general counsel owned 90,194 shares in the company, valued at $18,760,352. The trade was a 3.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $192.58, for a total transaction of $336,822.42. Following the completion of the sale, the insider directly owned 61,579 shares of the company’s stock, valued at $11,858,883.82. This represents a 2.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 8,749 shares of company stock worth $1,708,577. 0.78% of the stock is owned by insiders.

Capital One Financial Company 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.