Capital One Financial Co. (NYSE:COF) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board reduced its holdings in Capital One Financial Co. (NYSE:COF) by 4.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218,510 shares of the financial services provider’s stock after selling 11,191 shares during the quarter. Canada Pension Plan Investment Board owned about 0.06% of Capital One Financial worth $32,534,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Silicon Valley Capital Partners acquired a new position in Capital One Financial during the first quarter worth $25,000. Householder Group Estate & Retirement Specialist LLC increased its position in Capital One Financial by 1,658.3% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 211 shares of the financial services provider’s stock worth $27,000 after buying an additional 199 shares in the last quarter. Rise Advisors LLC purchased a new position in Capital One Financial during the first quarter worth $33,000. Bartlett & CO. Wealth Management LLC increased its position in Capital One Financial by 726.7% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 248 shares of the financial services provider’s stock worth $33,000 after buying an additional 218 shares in the last quarter. Finally, Tortoise Investment Management LLC increased its position in Capital One Financial by 41.9% during the fourth quarter. Tortoise Investment Management LLC now owns 271 shares of the financial services provider’s stock worth $36,000 after buying an additional 80 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on COF shares. BTIG Research assumed coverage on Capital One Financial in a research report on Friday, June 7th. They set a “neutral” rating for the company. Wells Fargo & Company lifted their price objective on Capital One Financial from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Bank of America lifted their price objective on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research report on Wednesday. Jefferies Financial Group raised Capital One Financial from a “hold” rating to a “buy” rating and lifted their price objective for the company from $145.00 to $165.00 in a research report on Thursday, June 6th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $150.00 price objective on shares of Capital One Financial in a research report on Thursday. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Capital One Financial has an average rating of “Hold” and an average price target of $145.89.

Capital One Financial Stock Performance

Shares of Capital One Financial stock traded up $1.27 on Friday, reaching $149.36. 1,795,053 shares of the company were exchanged, compared to its average volume of 2,746,968. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00. The company’s 50-day moving average is $139.34 and its two-hundred day moving average is $138.77. The firm has a market cap of $56.79 billion, a price-to-earnings ratio of 11.70, a P/E/G ratio of 1.16 and a beta of 1.45. Capital One Financial Co. has a 1-year low of $88.23 and a 1-year high of $153.35.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.14). Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The business had revenue of $9.51 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the prior year, the business earned $3.52 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. As a group, research analysts expect that Capital One Financial Co. will post 13.17 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 13th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Friday, May 10th. Capital One Financial’s dividend payout ratio is currently 18.79%.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the transaction, the insider now directly owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Celia Karam sold 16,913 shares of the firm’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 completion of the sale, the insider now directly owns 47,081 shares of the company’s stock, valued at approximately $6,726,933.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the sale, the insider now directly owns 73,734 shares of the company’s stock, valued at $11,060,100. The disclosure for this sale can be found here. Insiders have sold a total of 56,311 shares of company stock worth $8,274,640 in the last three months. 1.30% of the stock is owned by company insiders.

Capital One Financial 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.