Amalgamated Bank Decreases Position in Capital One Financial Co. (NYSE:COF)

Amalgamated Bank reduced its position in shares of Capital One Financial Co. (NYSE:COF) by 1.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,934 shares of the financial services provider’s stock after selling 1,373 shares during the period. Amalgamated Bank’s holdings in Capital One Financial were worth $10,652,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Capital One Financial by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 30,893,408 shares of the financial services provider’s stock valued at $4,599,720,000 after purchasing an additional 226,720 shares during the last quarter. Capital Research Global Investors raised its position in shares of Capital One Financial by 72.8% in the first quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock valued at $3,145,761,000 after buying an additional 8,900,241 shares during the last quarter. Capital World Investors lifted its stake in shares of Capital One Financial by 2.1% in the fourth quarter. Capital World Investors now owns 14,991,564 shares of the financial services provider’s stock worth $1,965,761,000 after buying an additional 311,696 shares in the last quarter. Pzena Investment Management LLC boosted its position in Capital One Financial by 1.6% during the fourth quarter. Pzena Investment Management LLC now owns 7,751,043 shares of the financial services provider’s stock worth $1,016,317,000 after acquiring an additional 124,055 shares during the last quarter. Finally, Clearbridge Investments LLC grew its stake in Capital One Financial by 18.8% during the 1st quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock valued at $517,184,000 after acquiring an additional 549,665 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

COF has been the topic of several recent research reports. BTIG Research began coverage on Capital One Financial in a report on Friday, June 7th. They set a “neutral” rating on the stock. Evercore ISI lowered their price objective on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research note on Tuesday, June 25th. Jefferies Financial Group raised Capital One Financial from a “hold” rating to a “buy” rating and raised their target price for the stock from $145.00 to $165.00 in a research note on Thursday, June 6th. Royal Bank of Canada reissued a “sector perform” rating and set a $150.00 price target on shares of Capital One Financial in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday, July 8th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $145.89.

Capital One Financial Price Performance

COF opened at $145.43 on Thursday. The stock’s 50-day moving average price is $142.00 and its 200 day moving average price is $140.68. Capital One Financial Co. has a 12-month low of $88.23 and a 12-month high of $153.35. The firm has a market cap of $55.29 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 1.08 and a beta of 1.44. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81.

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

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were paid a $0.60 dividend. The ex-dividend date was Monday, August 12th. This represents a $2.40 annualized dividend and a dividend yield of 1.65%. Capital One Financial’s dividend payout ratio (DPR) is 18.79%.

Insider Transactions at Capital One Financial

In related news, CEO Kevin S. Borgmann sold 61,532 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total value of $4,611,300.00. Following the sale, the insider now owns 73,734 shares of the company’s stock, valued at $11,060,100. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction 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. Corporate 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.