Webster Bank N. A. Sells 723 Shares of Capital One Financial Co. (NYSE:COF)

Webster Bank N. A. lowered its stake in shares of Capital One Financial Co. (NYSE:COF) by 2.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,461 shares of the financial services provider’s stock after selling 723 shares during the quarter. Webster Bank N. A.’s holdings in Capital One Financial were worth $3,003,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Grey Fox Wealth Advisors LLC grew its stake in Capital One Financial by 75.6% in the 1st quarter. Grey Fox Wealth Advisors LLC now owns 295 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 127 shares during the period. MV Capital Management Inc. grew its stake in Capital One Financial by 122.2% in the 1st quarter. MV Capital Management Inc. now owns 300 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 165 shares during the period. America First Investment Advisors LLC bought a new position in Capital One Financial in the 1st quarter valued at $31,000. Column Capital Advisors LLC grew its stake in Capital One Financial by 73.5% in the 1st quarter. Column Capital Advisors LLC now owns 354 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 150 shares during the period. Finally, Neo Ivy Capital Management bought a new position in Capital One Financial in the 2nd quarter valued at $37,000. Institutional investors own 90.09% of the company’s stock.

Capital One Financial Price Performance

Shares of NYSE:COF traded down $0.84 on Tuesday, hitting $101.74. The company’s stock had a trading volume of 577,221 shares, compared to its average volume of 2,996,365. The company has a 50-day simple moving average of $108.33 and a 200 day simple moving average of $102.84. Capital One Financial Co. has a 1 year low of $83.93 and a 1 year high of $123.09. The company has a market capitalization of $38.81 billion, a PE ratio of 7.79, a PEG ratio of 2.03 and a beta of 1.47. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.99 and a quick ratio of 0.99.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Thursday, July 20th. The financial services provider reported $3.52 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.21. Capital One Financial had a return on equity of 9.72% and a net margin of 11.94%. The firm had revenue of $9.01 billion for the quarter, compared to analysts’ expectations of $9.13 billion. During the same quarter last year, the firm posted $4.96 EPS. The company’s revenue was up 9.5% compared to the same quarter last year. Sell-side analysts forecast that Capital One Financial Co. will post 11.57 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, August 7th were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, August 4th. This represents a $2.40 annualized dividend and a dividend yield of 2.36%. Capital One Financial’s payout ratio is currently 18.38%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on COF. Morgan Stanley upped their price objective on Capital One Financial from $86.00 to $92.00 and gave the company an “underweight” rating in a research note on Friday, July 21st. Citigroup upped their price target on Capital One Financial from $124.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, July 21st. JPMorgan Chase & Co. upped their price target on Capital One Financial from $102.00 to $112.00 in a research report on Monday, June 26th. Piper Sandler upped their price target on Capital One Financial from $112.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, July 21st. Finally, Bank of America upped their price target on Capital One Financial from $109.00 to $116.00 in a research report on Tuesday, June 6th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Capital One Financial has a consensus rating of “Hold” and a consensus price target of $109.09.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Robert M. Alexander sold 3,784 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $114.74, for a total value of $434,176.16. Following the sale, the insider now owns 75,038 shares of the company’s stock, valued at approximately $8,609,860.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Robert M. Alexander sold 3,784 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $114.74, for a total transaction of $434,176.16. Following the transaction, the insider now directly owns 75,038 shares in the company, valued at approximately $8,609,860.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Daniel Mouadeb sold 903 shares of the stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $115.00, for a total value of $103,845.00. Following the transaction, the insider now owns 15,493 shares in the company, valued at $1,781,695. The disclosure for this sale can be found here. Insiders have sold a total of 34,286 shares of company stock valued at $3,902,710 in the last 90 days. Corporate insiders own 1.41% of the company’s stock.

Capital One Financial Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides 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.