Capital One Financial Corporation $COF is Sound Shore Management Inc CT’s 4th Largest Position

Sound Shore Management Inc CT cut its stake in Capital One Financial Corporation (NYSE:COF) by 14.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 457,286 shares of the financial services provider’s stock after selling 75,659 shares during the quarter. Capital One Financial makes up 3.2% of Sound Shore Management Inc CT’s portfolio, making the stock its 4th biggest holding. Sound Shore Management Inc CT’s holdings in Capital One Financial were worth $97,210,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of COF. Vanguard Group Inc. lifted its holdings in shares of Capital One Financial by 74.8% during the 2nd quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock valued at $11,995,603,000 after buying an additional 24,129,990 shares during the last quarter. State Street Corp lifted its stake in Capital One Financial by 63.4% in the second quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock valued at $5,910,500,000 after acquiring an additional 10,776,843 shares during the last quarter. Norges Bank bought a new stake in Capital One Financial in the second quarter worth approximately $1,701,511,000. Geode Capital Management LLC lifted its holdings in Capital One Financial by 64.1% in the 2nd quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock worth $2,970,628,000 after purchasing an additional 5,474,328 shares during the last quarter. Finally, Boston Partners bought a new stake in Capital One Financial during the second quarter worth approximately $534,777,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Buying and Selling at Capital One Financial

In related news, insider Ravi Raghu sold 13,450 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $250.00, for a total value of $3,362,500.00. Following the sale, the insider owned 30,337 shares of the company’s stock, valued at $7,584,250. The trade was a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Celia Karam sold 2,108 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $218.25, for a total transaction of $460,071.00. Following the completion of the transaction, the insider directly owned 59,269 shares of the company’s stock, valued at $12,935,459.25. This trade represents a 3.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 34,274 shares of company stock worth $8,131,054. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Stock Performance

NYSE:COF opened at $214.64 on Thursday. The firm’s 50-day moving average is $235.26 and its 200-day moving average is $223.64. The company has a market cap of $136.45 billion, a price-to-earnings ratio of 72.51, a PEG ratio of 0.65 and a beta of 1.14. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $259.64.

Capital One Financial (NYSE:COF) last released its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing the consensus estimate of $4.14 by ($0.28). The company had revenue of $15.62 billion during the quarter, compared to the consensus estimate of $15.49 billion. Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The firm’s quarterly revenue was up 53.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.67 EPS. Equities research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, February 19th. Capital One Financial’s payout ratio is 108.11%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group reissued a “buy” rating and issued a $300.00 price target on shares of Capital One Financial in a research report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Capital One Financial from $263.00 to $256.00 and set a “hold” rating on the stock in a report on Friday, January 23rd. Citigroup upped their price target on shares of Capital One Financial from $290.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, December 31st. Wolfe Research lowered their price target on Capital One Financial from $294.00 to $280.00 and set an “outperform” rating on the stock in a research report on Friday, January 23rd. Finally, Robert W. Baird lifted their price objective on Capital One Financial from $245.00 to $270.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $274.70.

Capital One Financial Company 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.