Capital One Financial Corporation $COF Stock Position Decreased by Qsemble Capital Management LP

Qsemble Capital Management LP reduced its position in Capital One Financial Corporation (NYSE:COF) by 40.1% in the 2nd quarter, Holdings Channel reports. The firm owned 37,997 shares of the financial services provider’s stock after selling 25,415 shares during the quarter. Capital One Financial accounts for about 1.0% of Qsemble Capital Management LP’s portfolio, making the stock its 5th largest position. Qsemble Capital Management LP’s holdings in Capital One Financial were worth $7,623,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. boosted its stake in Capital One Financial by 529.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 90 shares during the last quarter. VSM Wealth Advisory LLC acquired a new stake in shares of Capital One Financial in the fourth quarter valued at about $27,000. Cherry Tree Wealth Management LLC lifted its stake in shares of Capital One Financial by 1,312.5% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after buying an additional 105 shares in the last quarter. Ballast Advisors LLC acquired a new position in Capital One Financial during the first quarter worth about $27,000. Finally, Strive Asset Management LLC acquired a new position in Capital One Financial during the third quarter worth about $28,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Shares of COF stock opened at $227.19 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. The firm 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 firm’s 50 day moving average price is $204.93 and its 200-day moving average price is $198.21. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64.

Capital One Financial (NYSE:COF) last posted its earnings results 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. The firm had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The firm’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same quarter last year, the firm earned $5.48 EPS. As a group, equities research analysts predict that Capital One Financial Corporation will post 20.19 EPS for the current year.

Capital One Financial Dividend Announcement

The company 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 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 dividend payout ratio (DPR) is currently 19.80%.

Analysts Set New Price Targets

COF has been the subject of a number of recent research reports. UBS Group increased their price objective on shares of Capital One Financial from $275.00 to $280.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Weiss Ratings upgraded Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. JPMorgan Chase & Co. increased their price target on Capital One Financial from $215.00 to $245.00 and gave the company an “overweight” rating in a report on Monday, July 13th. BTIG Research upped their target price on Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Finally, Piper Sandler assumed coverage on Capital One Financial in a research note on Monday, June 29th. They issued an “overweight” rating and a $254.00 target price for the company. Twenty-one research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $259.36.

Insider Transactions at Capital One Financial

In other 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 value of $1,193,223.46. Following the completion of the sale, the insider directly owned 27,992 shares of the company’s stock, valued at approximately $6,102,815.84. The trade was a 16.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Ravi Raghu sold 9,726 shares of the business’s 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 completion of the sale, the insider owned 26,328 shares in the company, valued at $5,523,087.84. This represents 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. Over the last three months, insiders sold 22,186 shares of company stock valued at $4,697,301. Corporate insiders own 0.78% of the company’s stock.

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.