Oliver Luxxe Assets LLC Sells 5,310 Shares of Capital One Financial Corporation $COF

Oliver Luxxe Assets LLC lowered its stake in Capital One Financial Corporation (NYSE:COF) by 10.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 43,376 shares of the financial services provider’s stock after selling 5,310 shares during the period. Capital One Financial accounts for about 1.3% of Oliver Luxxe Assets LLC’s holdings, making the stock its 19th largest holding. Oliver Luxxe Assets LLC’s holdings in Capital One Financial were worth $8,702,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

COF has been the topic of several recent analyst reports. Weiss Ratings raised shares of Capital One Financial from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. Barclays decreased their target price on shares of Capital One Financial from $242.00 to $240.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Piper Sandler assumed coverage on shares of Capital One Financial in a research note on Monday, June 29th. They issued an “overweight” rating and a $254.00 target price on the stock. Argus cut their price target on shares of Capital One Financial from $260.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Finally, Wall Street Zen downgraded shares of Capital One Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Twenty equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $259.36.

Capital One Financial Trading Down 1.1%

Shares of NYSE:COF opened at $217.54 on Friday. 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 Corporation has a 1 year low of $174.24 and a 1 year high of $259.64. The company has a market cap of $133.46 billion, a P/E ratio of 13.46, a PEG ratio of 0.80 and a beta of 1.02. The stock’s fifty day moving average price is $200.92 and its 200-day moving average price is $198.49.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The company had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. During the same period last year, the company earned $5.48 EPS. Capital One Financial’s revenue for the quarter was up 26.9% on a year-over-year basis. Sell-side analysts expect that Capital One Financial Corporation will post 20.19 earnings per share 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 issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, August 17th. Capital One Financial’s dividend payout ratio (DPR) is presently 19.80%.

Insider Transactions at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $208.00, for a total value of $728,000.00. Following the completion of the sale, the general counsel directly owned 90,194 shares in the company, valued at $18,760,352. The trade was a 3.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 business’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the transaction, the insider directly owned 26,328 shares of the company’s stock, valued at $5,523,087.84. The trade was a 26.98% decrease in their ownership of the stock. 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 20,213 shares of company stock worth $4,147,832 over the last three months. 0.78% of the stock is currently owned by company insiders.

Capital One Financial 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.