Daiwa Securities Group Inc. Sells 1,204 Shares of Capital One Financial Co. (NYSE:COF)

Daiwa Securities Group Inc. lessened its holdings in shares of Capital One Financial Co. (NYSE:COF) by 1.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,316 shares of the financial services provider’s stock after selling 1,204 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Capital One Financial were worth $8,489,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of COF. Financial Security Advisor Inc. boosted its position in shares of Capital One Financial by 2.4% in the first quarter. Financial Security Advisor Inc. now owns 3,255 shares of the financial services provider’s stock valued at $485,000 after acquiring an additional 75 shares during the period. Valley National Advisers Inc. lifted its stake in Capital One Financial by 0.5% in the 1st quarter. Valley National Advisers Inc. now owns 16,366 shares of the financial services provider’s stock worth $2,435,000 after purchasing an additional 75 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Capital One Financial by 11.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 75 shares during the period. Smith Chas P & Associates PA Cpas grew its position in shares of Capital One Financial by 2.8% during the 1st quarter. Smith Chas P & Associates PA Cpas now owns 2,829 shares of the financial services provider’s stock valued at $421,000 after purchasing an additional 76 shares in the last quarter. Finally, Marcum Wealth LLC raised its position in shares of Capital One Financial by 3.6% in the second quarter. Marcum Wealth LLC now owns 2,295 shares of the financial services provider’s stock worth $318,000 after buying an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on COF shares. Royal Bank of Canada restated a “sector perform” rating and set a $150.00 target price on shares of Capital One Financial in a research report on Thursday, July 25th. BTIG Research initiated coverage on shares of Capital One Financial in a research report on Friday, June 7th. They issued a “neutral” rating on the stock. Jefferies Financial Group upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and lifted their target price for the company from $145.00 to $165.00 in a research report on Thursday, June 6th. JPMorgan Chase & Co. increased their price target on shares of Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a report on Monday, July 8th. Finally, Evercore ISI dropped their price objective on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a report on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Capital One Financial has an average rating of “Hold” and an average price target of $145.89.

Capital One Financial Price Performance

Shares of Capital One Financial stock opened at $137.99 on Wednesday. The firm has a market cap of $52.69 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 1.10 and a beta of 1.44. The company’s fifty day simple moving average is $141.55 and its two-hundred day simple moving average is $140.53. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81. Capital One Financial Co. has a 12-month low of $88.23 and a 12-month high of $153.35.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). The business had revenue of $9.51 billion for the quarter, compared to analysts’ expectations of $9.57 billion. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.52 EPS. As a group, equities analysts expect that Capital One Financial Co. will post 13.1 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Monday, August 12th. Capital One Financial’s dividend payout ratio (DPR) is currently 18.79%.

Insider Buying and Selling at Capital One Financial

In other news, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the completion of the sale, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the transaction, the insider now owns 73,734 shares in the company, valued at approximately $11,060,100. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total value of $8,175,141.52. Following the completion of the sale, the chief executive officer now directly owns 40,934 shares in the company, valued at $5,438,491.24. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Capital One Financial Company Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.