SVB Wealth LLC Cuts Position in Capital One Financial Co. (NYSE:COF)

SVB Wealth LLC lessened its position in Capital One Financial Co. (NYSE:COF) by 9.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,453 shares of the financial services provider’s stock after selling 1,127 shares during the period. SVB Wealth LLC’s holdings in Capital One Financial were worth $1,586,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Silicon Valley Capital Partners bought a new position in shares of Capital One Financial in the first quarter worth approximately $25,000. LRI Investments LLC bought a new position in shares of Capital One Financial in the first quarter worth approximately $25,000. Hobbs Group Advisors LLC bought a new position in shares of Capital One Financial in the second quarter worth approximately $29,000. Bartlett & CO. Wealth Management LLC lifted its stake in shares of Capital One Financial by 726.7% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 248 shares of the financial services provider’s stock worth $33,000 after buying an additional 218 shares in the last quarter. Finally, Rise Advisors LLC bought a new position in shares of Capital One Financial in the first quarter worth approximately $33,000. Institutional investors own 89.84% of the company’s stock.

Insider Transactions at Capital One Financial

In related news, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the transaction, the insider now directly owns 73,734 shares of the company’s stock, valued at $11,060,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the transaction, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at $5,438,491.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert M. Alexander sold 30,742 shares of Capital One Financial stock in a transaction on 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 transaction, the insider now directly owns 73,734 shares of the company’s stock, valued at $11,060,100. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on COF shares. Bank of America upped their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. increased their price objective on shares of Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a research report on Monday, July 8th. Evercore ISI lowered their price objective on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research report on Tuesday, June 25th. BTIG Research started coverage on shares of Capital One Financial in a research report on Friday, June 7th. They set a “neutral” rating on the stock. Finally, Jefferies Financial Group upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and increased their price objective for the company from $145.00 to $165.00 in a research report on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $145.89.

Capital One Financial Stock Performance

Shares of NYSE COF opened at $139.00 on Monday. The firm has a fifty day moving average price of $141.55 and a 200-day moving average price of $140.46. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $52.85 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 1.16 and a beta of 1.44. Capital One Financial Co. has a 1 year low of $88.23 and a 1 year 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 analysts’ consensus estimates of $3.28 by ($0.14). The firm 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 business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the company earned $3.52 earnings per share. Equities analysts anticipate that Capital One Financial Co. will post 13.1 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were paid a $0.60 dividend. The ex-dividend date was Monday, August 12th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.73%. Capital One Financial’s dividend payout ratio (DPR) is presently 18.79%.

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.