Shell Asset Management Co. Sells 30,675 Shares of Capital One Financial Corporation $COF

Shell Asset Management Co. lowered its position in shares of Capital One Financial Corporation (NYSE:COF) by 69.2% during the third quarter, HoldingsChannel reports. The fund owned 13,659 shares of the financial services provider’s stock after selling 30,675 shares during the quarter. Shell Asset Management Co.’s holdings in Capital One Financial were worth $2,904,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC raised its holdings in Capital One Financial by 66.7% in the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock valued at $27,000 after buying an additional 50 shares during the last quarter. Solstein Capital LLC bought a new stake in Capital One Financial during the 2nd quarter worth approximately $28,000. Roble Belko & Company Inc acquired a new position in Capital One Financial in the 2nd quarter valued at approximately $28,000. FNY Investment Advisers LLC bought a new position in shares of Capital One Financial during the second quarter valued at $28,000. Finally, Howard Hughes Medical Institute acquired a new position in shares of Capital One Financial during the second quarter worth $29,000. 89.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

COF has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on Capital One Financial from $237.00 to $256.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Zacks Research cut Capital One Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Weiss Ratings restated a “hold (c)” rating on shares of Capital One Financial in a research report on Monday, December 29th. Morgan Stanley increased their target price on shares of Capital One Financial from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Finally, Wolfe Research lowered their price target on shares of Capital One Financial from $294.00 to $280.00 and set an “outperform” rating for the company in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $274.70.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Celia Karam sold 2,936 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $218.15, for a total value of $640,488.40. Following the transaction, the insider owned 63,433 shares in the company, valued at approximately $13,837,908.95. This represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ravi Raghu sold 13,450 shares of the business’s stock in a transaction that occurred on 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 approximately $7,584,250. This represents a 30.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 34,274 shares of company stock valued at $8,131,054 in the last 90 days. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Stock Performance

NYSE:COF opened at $207.60 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $259.64. The company has a fifty day moving average of $234.33 and a 200-day moving average of $223.55. The firm has a market capitalization of $131.98 billion, a P/E ratio of 70.14, a P/E/G ratio of 0.61 and a beta of 1.14.

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

Capital One Financial Announces Dividend

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

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.