Covestor Ltd Decreases Stock Position in Capital One Financial Co. (NYSE:COF)

Covestor Ltd reduced its stake in Capital One Financial Co. (NYSE:COF) by 28.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 765 shares of the financial services provider’s stock after selling 299 shares during the quarter. Covestor Ltd’s holdings in Capital One Financial were worth $114,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cantor Fitzgerald Investment Advisors L.P. purchased a new position in Capital One Financial in the 4th quarter valued at about $2,299,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Capital One Financial by 21.4% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 27,493 shares of the financial services provider’s stock valued at $4,093,000 after purchasing an additional 4,840 shares during the last quarter. Twin Tree Management LP lifted its holdings in Capital One Financial by 5.6% in the 1st quarter. Twin Tree Management LP now owns 68,504 shares of the financial services provider’s stock valued at $10,200,000 after purchasing an additional 3,609 shares in the last quarter. Montag A & Associates Inc. lifted its stake in Capital One Financial by 42,536.0% in the 4th quarter. Montag A & Associates Inc. now owns 21,318 shares of the financial services provider’s stock worth $2,795,000 after purchasing an additional 21,268 shares in the last quarter. Finally, First Trust Direct Indexing L.P. increased its holdings in shares of Capital One Financial by 14.3% in the fourth quarter. First Trust Direct Indexing L.P. now owns 12,715 shares of the financial services provider’s stock valued at $1,667,000 after purchasing an additional 1,588 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Shares of Capital One Financial stock traded up $0.93 on Tuesday, hitting $146.04. The stock had a trading volume of 1,294,426 shares, compared to its average volume of 2,524,583. The company’s 50 day moving average price is $138.96 and its 200 day moving average price is $138.45. The stock has a market cap of $55.52 billion, a price-to-earnings ratio of 11.43, a P/E/G ratio of 1.16 and a beta of 1.46. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.86. Capital One Financial Co. has a 52-week low of $88.23 and a 52-week high of $153.35.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.21 earnings per share for the quarter, missing the consensus estimate of $3.25 by ($0.04). Capital One Financial had a net margin of 10.19% and a return on equity of 9.74%. The firm had revenue of $9.40 billion during the quarter, compared to analyst estimates of $9.35 billion. During the same period in the previous year, the company posted $2.31 earnings per share. Capital One Financial’s revenue was up 5.6% compared to the same quarter last year. On average, research analysts anticipate that Capital One Financial Co. will post 13.4 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.64%. Capital One Financial’s payout ratio is 18.79%.

Insider Transactions at Capital One Financial

In related news, insider Timothy P. Golden sold 8,656 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $144.04, for a total value of $1,246,810.24. Following the transaction, the insider now owns 10,246 shares in the company, valued at approximately $1,475,833.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Timothy P. Golden sold 8,656 shares of Capital One Financial stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total value of $1,246,810.24. Following the transaction, the insider now directly owns 10,246 shares in the company, valued at approximately $1,475,833.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Celia Karam sold 16,913 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $142.88, for a total transaction of $2,416,529.44. Following the transaction, the insider now owns 47,081 shares of the company’s stock, valued at approximately $6,726,933.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,311 shares of company stock worth $8,274,640. Company insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wolfe Research upgraded Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price target on the stock in a report on Thursday, April 4th. Wells Fargo & Company raised their price target on shares of Capital One Financial from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $159.00 price objective on shares of Capital One Financial in a report on Wednesday, March 27th. JPMorgan Chase & Co. raised their target price on Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a research note on Monday, July 8th. Finally, Evercore ISI dropped their price target on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a research report on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $144.21.

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.