Capital One Financial Co. (NYSE:COF) Shares Sold by Convergence Investment Partners LLC

Convergence Investment Partners LLC lowered its stake in shares of Capital One Financial Co. (NYSE:COF) by 2.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,982 shares of the financial services provider’s stock after selling 320 shares during the quarter. Convergence Investment Partners LLC’s holdings in Capital One Financial were worth $1,520,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of COF. Silicon Valley Capital Partners acquired a new position in Capital One Financial during the 1st quarter valued at approximately $25,000. LRI Investments LLC acquired a new position in shares of Capital One Financial in the 1st quarter valued at $25,000. Hobbs Group Advisors LLC purchased a new position in Capital One Financial in the 2nd quarter worth $29,000. Bartlett & CO. Wealth Management LLC lifted its position in Capital One Financial by 726.7% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 248 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 218 shares during the period. Finally, Rise Advisors LLC purchased a new stake in Capital One Financial during the 1st quarter valued at about $33,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

COF stock traded up $1.56 during trading on Monday, hitting $146.93. The stock had a trading volume of 1,983,600 shares, compared to its average volume of 2,477,462. The company’s 50-day moving average price is $140.83 and its two-hundred day moving average price is $140.22. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $56.11 billion, a P/E ratio of 11.51, a PEG ratio of 1.16 and a beta of 1.45. Capital One Financial Co. has a twelve month low of $88.23 and a twelve month high of $153.35.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The business had revenue of $9.51 billion for the quarter, compared to analysts’ expectations of $9.57 billion. During the same period in the previous year, the company earned $3.52 EPS. Capital One Financial’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, research analysts predict that Capital One Financial Co. will post 13.1 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Monday, August 12th. Capital One Financial’s payout ratio is 18.79%.

Wall Street Analyst Weigh In

A number of research firms recently commented on COF. Jefferies Financial Group raised Capital One Financial from a “hold” rating to a “buy” rating and lifted their target price for the stock from $145.00 to $165.00 in a report on Thursday, June 6th. BTIG Research assumed coverage on shares of Capital One Financial in a report on Friday, June 7th. They issued a “neutral” rating on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $150.00 target price on shares of Capital One Financial in a report on Thursday, July 25th. JPMorgan Chase & Co. upped their price target on shares of Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a report on Monday, July 8th. Finally, Evercore ISI reduced their price objective on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a research note on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $145.89.

Insider Transactions at Capital One Financial

In other news, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the sale, the chief executive officer now owns 40,934 shares of the company’s stock, valued at $5,438,491.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the completion of the sale, the chief executive officer now owns 40,934 shares of the company’s stock, valued at $5,438,491.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert M. Alexander sold 30,742 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the sale, the insider now directly owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

About Capital One Financial

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.