Midwest Professional Planners LTD. Decreases Holdings in Capital One Financial Corporation $COF

Midwest Professional Planners LTD. decreased its holdings in Capital One Financial Corporation (NYSE:COF) by 11.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,245 shares of the financial services provider’s stock after selling 3,234 shares during the period. Capital One Financial accounts for approximately 1.0% of Midwest Professional Planners LTD.’s holdings, making the stock its 27th biggest holding. Midwest Professional Planners LTD.’s holdings in Capital One Financial were worth $5,265,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COF. HighTower Advisors LLC boosted its position in shares of Capital One Financial by 18.1% during the fourth quarter. HighTower Advisors LLC now owns 353,767 shares of the financial services provider’s stock valued at $85,739,000 after buying an additional 54,263 shares during the period. Swiss Life Asset Management Ltd raised its holdings in shares of Capital One Financial by 11.2% in the fourth quarter. Swiss Life Asset Management Ltd now owns 115,843 shares of the financial services provider’s stock worth $28,076,000 after buying an additional 11,651 shares during the period. Sculptor Capital LP bought a new stake in shares of Capital One Financial during the 1st quarter worth approximately $33,932,000. Nomura Asset Management Co. Ltd. lifted its stake in shares of Capital One Financial by 2.9% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 223,977 shares of the financial services provider’s stock worth $54,283,000 after acquiring an additional 6,225 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC boosted its holdings in Capital One Financial by 157.8% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 36,066 shares of the financial services provider’s stock valued at $8,741,000 after acquiring an additional 22,074 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on COF. Bank of America reduced their target price on Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Barclays lowered 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 research note on Wednesday, July 22nd. BTIG Research raised their price target on shares of Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Piper Sandler started coverage on shares of Capital One Financial in a report on Monday, June 29th. They set an “overweight” rating and a $254.00 price objective for the company. Finally, TD Cowen decreased their price objective on shares of Capital One Financial from $260.00 to $253.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. Twenty-one analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $258.91.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,473 shares of the 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 completion of the transaction, the insider owned 26,328 shares in the company, valued at $5,523,087.84. This represents 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 have sold 26,267 shares of company stock valued at $5,617,648 over the last 90 days. Insiders own 0.78% of the company’s stock.

Capital One Financial Stock Down 1.7%

Shares of Capital One Financial stock opened at $210.90 on Wednesday. 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 firm’s 50-day moving average is $210.86 and its two-hundred day moving average is $197.76. The stock has a market cap of $129.38 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 0.79 and a beta of 1.02.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $15.76 billion. During the same quarter in the prior year, the company earned $5.48 EPS. The company’s revenue was up 26.9% compared to the same quarter last year. As a group, research analysts expect that Capital One Financial Corporation will post 20.29 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a dividend of $0.80 per share. The ex-dividend date was Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. Capital One Financial’s dividend payout ratio is currently 19.80%.

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.