Flputnam Investment Management Co. Sells 2,975 Shares of Capital One Financial Corporation $COF

Flputnam Investment Management Co. decreased its position in shares of Capital One Financial Corporation (NYSE:COF) by 30.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,671 shares of the financial services provider’s stock after selling 2,975 shares during the period. Flputnam Investment Management Co.’s holdings in Capital One Financial were worth $1,338,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after purchasing an additional 10,428 shares during the last quarter. Intech Investment Management LLC boosted its holdings in shares of Capital One Financial by 44.3% in the 1st quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider’s stock valued at $1,608,000 after purchasing an additional 2,753 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Capital One Financial by 118.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider’s stock valued at $702,000 after purchasing an additional 1,788 shares in the last quarter. Flow Traders U.S. LLC bought a new position in shares of Capital One Financial in the 2nd quarter valued at $218,000. Finally, Jump Financial LLC bought a new position in shares of Capital One Financial in the 2nd quarter valued at $1,086,000. 89.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Barclays decreased their target price on Capital One Financial from $242.00 to $240.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. BTIG Research boosted their target price on Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Weiss Ratings raised shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Finally, TD Cowen reduced their price target on shares of Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a research note 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $259.36.

Capital One Financial Trading Down 2.5%

NYSE COF opened at $221.77 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The company has a market cap of $136.05 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 0.84 and a beta of 1.02. The business’s fifty day moving average is $205.76 and its 200 day moving average is $198.08.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The business had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. During the same quarter in the previous year, the company posted $5.48 EPS. Capital One Financial’s quarterly revenue was up 26.9% compared to the same quarter last year. As a group, sell-side analysts expect that Capital One Financial Corporation will post 20.19 EPS 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 paid a $0.80 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.4%. Capital One Financial’s dividend payout ratio is currently 19.80%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, CAO Timothy P. Golden sold 3,487 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total transaction of $735,757.00. Following the sale, the chief accounting officer directly owned 7,429 shares of the company’s stock, valued at $1,567,519. The trade was a 31.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $208.00, for a total transaction of $728,000.00. Following the completion of the transaction, the general counsel owned 90,194 shares of the company’s stock, valued at approximately $18,760,352. This trade represents a 3.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 22,186 shares of company stock worth $4,697,301 in the last 90 days. 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.