Capital One Financial Corporation $COF Shares Sold by Loews Corp

Loews Corp decreased its position in Capital One Financial Corporation (NYSE:COF) by 50.0% during the third quarter, Holdings Channel reports. The firm owned 50,000 shares of the financial services provider’s stock after selling 50,000 shares during the quarter. Capital One Financial comprises 0.1% of Loews Corp’s portfolio, making the stock its 15th largest holding. Loews Corp’s holdings in Capital One Financial were worth $10,629,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in COF. Vanguard Group Inc. grew its stake in shares of Capital One Financial by 0.3% in the third quarter. Vanguard Group Inc. now owns 56,537,167 shares of the financial services provider’s stock valued at $12,018,671,000 after buying an additional 156,254 shares in the last quarter. State Street Corp lifted its stake in Capital One Financial by 63.4% during the 2nd quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock worth $5,910,500,000 after acquiring an additional 10,776,843 shares in the last quarter. Franklin Resources Inc. lifted its stake in Capital One Financial by 12.8% during the 3rd quarter. Franklin Resources Inc. now owns 11,838,304 shares of the financial services provider’s stock worth $2,516,587,000 after acquiring an additional 1,339,215 shares in the last quarter. Capital Research Global Investors boosted its holdings in Capital One Financial by 3.7% during the 3rd quarter. Capital Research Global Investors now owns 8,426,060 shares of the financial services provider’s stock valued at $1,791,264,000 after acquiring an additional 302,733 shares during the period. Finally, Norges Bank purchased a new position in Capital One Financial during the 2nd quarter valued at about $1,701,511,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Capital One Financial

In other news, insider Lia Dean sold 3,284 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $223.68, for a total value of $734,565.12. Following the sale, the insider directly owned 70,162 shares in the company, valued at approximately $15,693,836.16. This trade represents a 4.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ravi Raghu sold 13,450 shares of Capital One Financial stock in a transaction on Monday, January 5th. The stock was sold at an average price of $250.00, for a total transaction of $3,362,500.00. Following the sale, the insider directly owned 30,337 shares of the company’s stock, valued at approximately $7,584,250. This trade represents a 30.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 67,933 shares of company stock worth $14,363,897 over the last ninety days. 1.26% of the stock is currently owned by insiders.

Capital One Financial Price Performance

Shares of NYSE COF opened at $180.54 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $112.28 billion, a price-to-earnings ratio of 60.99, a price-to-earnings-growth ratio of 0.54 and a beta of 1.14. The stock’s 50-day moving average is $214.21 and its two-hundred day moving average is $220.50. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $259.64.

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

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 19th were paid a $0.80 dividend. The ex-dividend date was Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.8%. Capital One Financial’s payout ratio is currently 108.11%.

Analysts Set New Price Targets

A number of analysts have issued reports on COF shares. Morgan Stanley boosted their price target on shares of Capital One Financial from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Truist Financial lowered their price objective on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research note on Monday, January 26th. Wells Fargo & Company lifted their price objective on shares of Capital One Financial from $265.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Evercore cut their target price on shares of Capital One Financial from $290.00 to $265.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 27th. Finally, Zacks Research lowered shares of Capital One Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. One research 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 company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $275.95.

Capital One Financial 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.