Assenagon Asset Management S.A. Has $159.90 Million Stake in Capital One Financial Corporation $COF

Assenagon Asset Management S.A. trimmed its position in Capital One Financial Corporation (NYSE:COF) by 25.2% during the second quarter, HoldingsChannel.com reports. The firm owned 797,048 shares of the financial services provider’s stock after selling 268,988 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Capital One Financial were worth $159,904,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of COF. Evolution Wealth Management Inc. grew its holdings in shares of Capital One Financial by 529.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after buying an additional 90 shares in the last quarter. VSM Wealth Advisory LLC bought a new stake in Capital One Financial in the 4th quarter valued at approximately $27,000. Cherry Tree Wealth Management LLC lifted its stake in Capital One Financial by 1,312.5% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 105 shares in the last quarter. Osterweis Capital Management Inc. acquired a new position in Capital One Financial during the 4th quarter worth approximately $29,000. Finally, CrossGen Wealth LLC acquired a new position in Capital One Financial during the 4th quarter worth approximately $30,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Ravi Raghu sold 9,726 shares of the company’s 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 sale, the insider directly owned 26,328 shares of the company’s stock, valued at approximately $5,523,087.84. This represents a 26.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Timothy P. Golden sold 3,487 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total transaction of $735,757.00. Following the completion of the sale, the chief accounting officer owned 7,429 shares of the company’s stock, valued at $1,567,519. This trade represents a 31.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,213 shares of company stock valued at $4,147,832 in the last quarter. Company insiders own 0.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on COF. Truist Financial decreased their price target on shares of Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. BTIG Research boosted their price objective on shares of Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. TD Cowen reduced their target price 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. Rothschild & Co Redburn decreased their target price on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada lowered their price target on shares of Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating on the stock in a research note on Friday, April 10th. Twenty analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $259.36.

Capital One Financial Trading Down 0.8%

Shares of Capital One Financial stock opened at $219.81 on Friday. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64. The stock has a market cap of $134.85 billion, a P/E ratio of 13.60, a P/E/G ratio of 0.82 and a beta of 1.02. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average is $200.33 and its 200-day moving average is $198.36.

Capital One Financial (NYSE:COF) last released 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 business had revenue of $15.83 billion during the quarter, compared to analysts’ expectations 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 was up 26.9% on a year-over-year basis. During the same period last year, the business earned $5.48 earnings per share. Equities research analysts predict that Capital One Financial Corporation will post 20.19 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently disclosed 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 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 19.80%.

Capital One Financial Company 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.