Capital One Financial Co. (NYSE:COF) Stake Lessened by Westpac Banking Corp

Westpac Banking Corp lowered its holdings in Capital One Financial Co. (NYSE:COF) by 92.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,999 shares of the financial services provider’s stock after selling 74,468 shares during the period. Westpac Banking Corp’s holdings in Capital One Financial were worth $656,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of COF. Financial Gravity Asset Management Inc. increased its stake in shares of Capital One Financial by 198.2% in the second quarter. Financial Gravity Asset Management Inc. now owns 164 shares of the financial services provider’s stock worth $207,000 after acquiring an additional 109 shares during the last quarter. Grey Fox Wealth Advisors LLC increased its stake in shares of Capital One Financial by 75.6% in the first quarter. Grey Fox Wealth Advisors LLC now owns 295 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 127 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of Capital One Financial by 223.4% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 304 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 210 shares during the last quarter. America First Investment Advisors LLC acquired a new position in shares of Capital One Financial in the first quarter worth $31,000. Finally, Column Capital Advisors LLC increased its stake in shares of Capital One Financial by 73.5% in the first quarter. Column Capital Advisors LLC now owns 354 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 90.09% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on COF. The Goldman Sachs Group lowered their target price on shares of Capital One Financial from $120.00 to $114.00 in a research report on Monday, October 2nd. Citigroup lowered their target price on shares of Capital One Financial from $130.00 to $126.00 and set a “buy” rating on the stock in a research report on Friday, October 6th. Bank of America lowered their target price on shares of Capital One Financial from $116.00 to $111.00 in a research report on Thursday, October 5th. Piper Sandler lowered their target price on shares of Capital One Financial from $115.00 to $109.00 and set a “neutral” rating on the stock in a research report on Friday, October 27th. Finally, StockNews.com started coverage on Capital One Financial in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $106.36.

Insider Transactions at Capital One Financial

In other news, CEO Richard D. Fairbank sold 3,891 shares of Capital One Financial stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $100.88, for a total transaction of $392,524.08. Following the transaction, the chief executive officer now owns 3,848,412 shares in the company, valued at $388,227,802.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Capital One Financial news, Director Ann F. Hackett sold 8,000 shares of Capital One Financial stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $106.47, for a total value of $851,760.00. Following the completion of the sale, the director now directly owns 61,980 shares of the company’s stock, valued at $6,599,010.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Richard D. Fairbank sold 3,891 shares of Capital One Financial stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $100.88, for a total transaction of $392,524.08. Following the completion of the sale, the chief executive officer now directly owns 3,848,412 shares of the company’s stock, valued at $388,227,802.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,563 shares of company stock worth $2,460,505. Company insiders own 1.27% of the company’s stock.

Capital One Financial Stock Performance

NYSE COF opened at $107.68 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $41.01 billion, a price-to-earnings ratio of 8.09, a P/E/G ratio of 1.90 and a beta of 1.47. The firm’s 50 day simple moving average is $98.79 and its 200 day simple moving average is $103.40. Capital One Financial Co. has a 1 year low of $83.93 and a 1 year high of $123.09.

Capital One Financial (NYSE:COF) last issued its earnings results on Thursday, October 26th. The financial services provider reported $4.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.35 by $1.10. Capital One Financial had a net margin of 11.43% and a return on equity of 9.77%. The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.21 billion. During the same quarter last year, the business posted $4.20 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, research analysts expect that Capital One Financial Co. will post 12.55 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Monday, November 13th will be issued a dividend of $0.60 per share. The ex-dividend date is Friday, November 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.23%. Capital One Financial’s dividend payout ratio (DPR) is presently 18.03%.

Capital One Financial Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides 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.