Capital One Financial Corporation $COF Stake Trimmed by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its stake in shares of Capital One Financial Corporation (NYSE:COF) by 0.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 706,354 shares of the financial services provider’s stock after selling 3,062 shares during the period. Principal Financial Group Inc.’s holdings in Capital One Financial were worth $141,709,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of Capital One Financial by 330.1% in the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after acquiring an additional 10,428 shares in the last quarter. Intech Investment Management LLC raised its holdings in shares of Capital One Financial by 44.3% during the first quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider’s stock valued at $1,608,000 after acquiring an additional 2,753 shares during the period. Sivia Capital Partners LLC lifted its position in shares of Capital One Financial by 118.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider’s stock valued at $702,000 after acquiring an additional 1,788 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Capital One Financial in the 2nd quarter valued at approximately $218,000. Finally, Jump Financial LLC acquired a new position in Capital One Financial in the 2nd quarter worth approximately $1,086,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Capital One Financial

In related news, insider Michael Zamsky sold 5,473 shares of Capital One Financial stock in a transaction on Monday, August 10th. The stock was sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the completion of the sale, the insider owned 27,992 shares of the company’s stock, valued at approximately $6,102,815.84. This trade represents a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ravi Raghu sold 9,726 shares of Capital One Financial stock in a transaction on Friday, July 31st. The shares were sold at an average price of $209.78, for a total value of $2,040,320.28. Following the sale, the insider directly owned 26,328 shares of the company’s stock, valued at approximately $5,523,087.84. The trade was a 26.98% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 22,186 shares of company stock valued at $4,697,301. 0.78% of the stock is owned by insiders.

Capital One Financial Stock Performance

COF stock opened at $227.19 on Friday. The firm has a 50 day simple moving average of $204.93 and a 200 day simple moving average of $198.21. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The stock has a market cap of $139.38 billion, a P/E ratio of 14.06, a P/E/G ratio of 0.82 and a beta of 1.02. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, beating the consensus estimate of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The firm had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. During the same quarter in the prior year, the business earned $5.48 EPS. The company’s revenue for the quarter was up 26.9% compared to the same quarter last year. Research analysts anticipate that Capital One Financial Corporation will post 20.19 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, August 17th. Capital One Financial’s payout ratio is currently 19.80%.

Wall Street Analysts Forecast Growth

COF has been the topic of several research analyst reports. BTIG Research lifted their price objective on shares of Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Bank of America reduced their target price on Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Argus decreased their target price on Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Piper Sandler started coverage on Capital One Financial in a report on Monday, June 29th. They set an “overweight” rating and a $254.00 price target on the stock. Finally, Wall Street Zen lowered Capital One Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Twenty-one research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average price target of $259.36.

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.