Flputnam Investment Management Co. Sells 2,975 Shares of Capital One Financial Corporation $COF

Flputnam Investment Management Co. decreased its stake in shares of Capital One Financial Corporation (NYSE:COF) by 30.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,671 shares of the financial services provider’s stock after selling 2,975 shares during the period. Flputnam Investment Management Co.’s holdings in Capital One Financial were worth $1,338,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. First Command Advisory Services Inc. increased its position in Capital One Financial by 4.5% in the 4th quarter. First Command Advisory Services Inc. now owns 1,067 shares of the financial services provider’s stock valued at $259,000 after acquiring an additional 46 shares in the last quarter. Dogwood Wealth Management LLC lifted its position in shares of Capital One Financial by 26.0% during the fourth quarter. Dogwood Wealth Management LLC now owns 228 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 47 shares in the last quarter. High Note Wealth LLC grew its stake in shares of Capital One Financial by 44.9% during the fourth quarter. High Note Wealth LLC now owns 155 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 48 shares during the last quarter. Fiducient Advisors LLC grew its stake in shares of Capital One Financial by 4.2% during the fourth quarter. Fiducient Advisors LLC now owns 1,196 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 48 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. increased its holdings in shares of Capital One Financial by 5.0% in the fourth quarter. Nicholas Hoffman & Company LLC. now owns 1,057 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on COF. Weiss Ratings upgraded shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. UBS Group lifted their target price on Capital One Financial from $275.00 to $280.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Bank of America dropped their target price on Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Piper Sandler initiated coverage on Capital One Financial in a research note on Monday, June 29th. They set an “overweight” rating and a $254.00 price target on the stock. Finally, Barclays decreased their price target on Capital One Financial from $242.00 to $240.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Twenty-one analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $258.91.

Capital One Financial Trading Up 0.1%

Shares of NYSE COF opened at $215.81 on Monday. The company’s 50 day simple moving average is $210.32 and its 200 day simple moving average is $197.82. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The firm has a market capitalization of $132.40 billion, a P/E ratio of 13.35, a P/E/G ratio of 0.79 and a beta of 1.02. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $15.76 billion. During the same quarter in the previous year, the business earned $5.48 EPS. The business’s quarterly revenue was up 26.9% compared to the same quarter last year. On average, analysts predict that Capital One Financial Corporation will post 20.29 EPS for the current 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 given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, August 17th. Capital One Financial’s dividend payout ratio (DPR) is currently 19.80%.

Insider Buying and Selling at Capital One Financial

In related news, insider Lia Dean sold 2,193 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $225.52, for a total value of $494,565.36. Following the completion of the sale, the insider owned 63,261 shares in the company, valued at approximately $14,266,620.72. This represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Raghu sold 9,726 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly owned 26,328 shares in the company, valued at $5,523,087.84. The trade was a 26.98% 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. Insiders sold 26,267 shares of company stock valued at $5,617,648 over the last quarter. 0.78% of the stock is owned by corporate insiders.

About Capital One Financial

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.