Capital One Financial Corporation $COF Shares Sold by Waverly Advisors LLC

Waverly Advisors LLC lowered its holdings in Capital One Financial Corporation (NYSE:COF) by 18.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,464 shares of the financial services provider’s stock after selling 2,531 shares during the period. Waverly Advisors LLC’s holdings in Capital One Financial were worth $2,091,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of COF. Wealth Enhancement Trust Services Inc. bought a new position in shares of Capital One Financial during the fourth quarter valued at about $1,303,000. HighTower Advisors LLC boosted its holdings in Capital One Financial by 18.1% during the 4th quarter. HighTower Advisors LLC now owns 353,767 shares of the financial services provider’s stock valued at $85,739,000 after acquiring an additional 54,263 shares during the period. Swiss Life Asset Management Ltd boosted its holdings in Capital One Financial by 11.2% during the 4th quarter. Swiss Life Asset Management Ltd now owns 115,843 shares of the financial services provider’s stock valued at $28,076,000 after acquiring an additional 11,651 shares during the period. Vanguard Group Inc. grew its position in Capital One Financial by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider’s stock worth $13,789,615,000 after acquiring an additional 360,071 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in Capital One Financial by 2.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 223,977 shares of the financial services provider’s stock worth $54,283,000 after purchasing an additional 6,225 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Shares of COF opened at $210.18 on Friday. The company has a 50-day simple moving average of $197.29 and a two-hundred day simple moving average of $198.95. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $128.94 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 0.77 and a beta of 1.02. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. The company had revenue of $15.83 billion during the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The firm’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same quarter last year, the business posted $5.48 EPS. On average, analysts anticipate that Capital One Financial Corporation will post 20.19 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a $0.80 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. Capital One Financial’s dividend payout ratio is currently 19.80%.

Insider Transactions at Capital One Financial

In related news, CAO Timothy P. Golden sold 3,487 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total transaction of $735,757.00. Following the sale, the chief accounting officer owned 7,429 shares of the company’s stock, valued at $1,567,519. The trade was a 31.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total transaction of $728,000.00. Following the completion of the sale, the general counsel owned 90,194 shares in the company, valued at approximately $18,760,352. This trade represents a 3.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 10,487 shares of company stock worth $2,107,512 over the last ninety days. Insiders own 0.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on COF. Argus lowered their price objective on Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. UBS Group lifted their target price on shares of Capital One Financial from $270.00 to $275.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. HSBC upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and upped their price target for the company from $226.00 to $229.00 in a report on Sunday, July 12th. The Goldman Sachs Group decreased their price objective on shares of Capital One Financial from $300.00 to $260.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Twenty analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Capital One Financial presently has an average rating of “Moderate Buy” and an average price target of $259.14.

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.