Fifth Third Bancorp Lowers Holdings in Capital One Financial Corporation $COF

Fifth Third Bancorp lowered its position in Capital One Financial Corporation (NYSE:COF) by 2.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 326,265 shares of the financial services provider’s stock after selling 8,279 shares during the quarter. Fifth Third Bancorp’s holdings in Capital One Financial were worth $65,455,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Capital One Financial in the 4th quarter worth $2,089,803,000. Viking Global Investors LP increased its stake in shares of Capital One Financial by 30.3% during the third quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock valued at $1,570,649,000 after buying an additional 1,717,148 shares during the period. Bessemer Group Inc. increased its stake in shares of Capital One Financial by 7,143.2% during the fourth quarter. Bessemer Group Inc. now owns 1,448,126 shares of the financial services provider’s stock valued at $350,966,000 after buying an additional 1,428,133 shares during the period. AQR Capital Management LLC raised its holdings in shares of Capital One Financial by 64.9% in the fourth quarter. AQR Capital Management LLC now owns 3,366,692 shares of the financial services provider’s stock valued at $815,951,000 after acquiring an additional 1,324,845 shares in the last quarter. Finally, Amundi raised its holdings in shares of Capital One Financial by 41.5% in the first quarter. Amundi now owns 3,067,354 shares of the financial services provider’s stock valued at $559,577,000 after acquiring an additional 899,409 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, General Counsel Matthew W. Cooper sold 3,500 shares of the business’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total transaction of $728,000.00. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Timothy P. Golden sold 3,487 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total value of $735,757.00. Following the transaction, the chief accounting officer directly owned 7,429 shares in the company, valued at $1,567,519. This represents a 31.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 22,186 shares of company stock valued at $4,697,301. Company insiders own 0.78% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Capital One Financial from $256.00 to $250.00 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. Wall Street Zen lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Bank of America lowered their price target on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Weiss Ratings upgraded shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Finally, BTIG Research lifted their price objective on shares of Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Twenty-one analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average price target of $259.36.

Capital One Financial Price Performance

COF opened at $227.19 on Friday. The firm has a market capitalization of $139.37 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 0.84 and a beta of 1.02. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. The business’s 50-day moving average is $204.93 and its two-hundred day moving average is $198.21. Capital One Financial Corporation has a 1 year low of $174.24 and a 1 year high of $259.64.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. The business had revenue of $15.83 billion for 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 company’s revenue was up 26.9% compared to the same quarter last year. During the same period last year, the business earned $5.48 EPS. Research analysts anticipate that Capital One Financial Corporation will post 20.19 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.4%. Capital One Financial’s dividend payout ratio is presently 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.