Capital One Financial Co. (NYSE:COF) Shares Sold by RFG Advisory LLC

RFG Advisory LLC lowered its stake in shares of Capital One Financial Co. (NYSE:COF) by 23.7% in the second quarter, HoldingsChannel reports. The firm owned 5,343 shares of the financial services provider’s stock after selling 1,664 shares during the quarter. RFG Advisory LLC’s holdings in Capital One Financial were worth $740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Capital Research Global Investors boosted its position in Capital One Financial by 72.8% during the 1st quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock worth $3,145,761,000 after acquiring an additional 8,900,241 shares during the period. Norges Bank acquired a new position in Capital One Financial during the 4th quarter worth $409,831,000. Clearbridge Investments LLC boosted its position in Capital One Financial by 18.8% during the 1st quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock worth $517,184,000 after acquiring an additional 549,665 shares during the period. National Bank of Canada FI boosted its position in Capital One Financial by 443.1% during the 4th quarter. National Bank of Canada FI now owns 553,744 shares of the financial services provider’s stock worth $73,150,000 after acquiring an additional 451,789 shares during the period. Finally, Panagora Asset Management Inc. boosted its position in Capital One Financial by 5,968.2% during the 4th quarter. Panagora Asset Management Inc. now owns 418,404 shares of the financial services provider’s stock worth $54,861,000 after acquiring an additional 411,509 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Down 2.0 %

Capital One Financial stock traded down $2.69 during mid-day trading on Monday, hitting $132.12. The company’s stock had a trading volume of 1,792,242 shares, compared to its average volume of 2,541,798. The firm’s 50 day moving average is $139.74 and its 200 day moving average is $139.71. The company has a market cap of $50.23 billion, a PE ratio of 10.39, a price-to-earnings-growth ratio of 1.13 and a beta of 1.45. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.00 and a quick ratio of 1.00. Capital One Financial Co. has a 52-week low of $88.23 and a 52-week high of $153.35.

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

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 12th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Monday, August 12th. Capital One Financial’s dividend payout ratio (DPR) is presently 18.79%.

Analyst Upgrades and Downgrades

COF has been the subject of a number of analyst reports. Jefferies Financial Group upgraded Capital One Financial from a “hold” rating to a “buy” rating and boosted their price target for the stock from $145.00 to $165.00 in a research report on Thursday, June 6th. JPMorgan Chase & Co. boosted their price objective on Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a research note on Monday, July 8th. Bank of America boosted their price objective on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $150.00 price objective on shares of Capital One Financial in a research note on Thursday, July 25th. Finally, BTIG Research began coverage on Capital One Financial in a research note on Friday, June 7th. They issued a “neutral” rating on the stock. One 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, Capital One Financial presently has a consensus rating of “Hold” and a consensus target price of $145.89.

Insider Transactions at Capital One Financial

In other news, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction dated 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 transaction, the insider now owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 40,934 shares in the company, valued at approximately $5,438,491.24. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Capital One Financial 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.