Legal & General Group Plc Sells 157,854 Shares of Capital One Financial Corporation $COF

Legal & General Group Plc cut its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 4.0% during the third quarter, Holdings Channel.com reports. The fund owned 3,792,756 shares of the financial services provider’s stock after selling 157,854 shares during the period. Legal & General Group Plc’s holdings in Capital One Financial were worth $806,264,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in COF. Vanguard Group Inc. boosted 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 worth $12,018,671,000 after acquiring an additional 156,254 shares during the period. State Street Corp raised 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 valued at $5,910,500,000 after purchasing an additional 10,776,843 shares during the period. Geode Capital Management LLC raised its stake in Capital One Financial by 64.1% during the 2nd quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock valued at $2,970,628,000 after purchasing an additional 5,474,328 shares during the period. Norges Bank purchased a new position in Capital One Financial in the 2nd quarter worth approximately $1,701,511,000. Finally, Viking Global Investors LP lifted its holdings in Capital One Financial by 23.5% in the 2nd quarter. Viking Global Investors LP now owns 5,671,358 shares of the financial services provider’s stock worth $1,206,638,000 after purchasing an additional 1,080,258 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $275.00 price objective on shares of Capital One Financial in a report on Monday, January 12th. Keefe, Bruyette & Woods boosted their target price on shares of Capital One Financial from $260.00 to $290.00 and gave the stock an “outperform” rating in a report on Friday, January 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Capital One Financial in a research report on Monday, December 29th. Morgan Stanley raised 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 note on Tuesday, January 20th. Finally, Zacks Research cut shares of Capital One Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $274.70.

Capital One Financial Stock Down 1.3%

NYSE COF opened at $185.25 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $115.21 billion, a P/E ratio of 62.58, a P/E/G ratio of 0.56 and a beta of 1.14. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $259.64. The stock has a 50 day moving average price of $220.67 and a 200-day moving average price of $222.02.

Capital One Financial (NYSE:COF) last announced its quarterly 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). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.Capital One Financial’s revenue was up 53.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.67 earnings per share. As a group, equities analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, February 19th. Capital One Financial’s dividend payout ratio (DPR) is presently 108.11%.

Insider Transactions at Capital One Financial

In other news, insider Lia Dean sold 3,284 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $223.68, for a total transaction 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 represents a 4.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Celia Karam sold 2,108 shares of the stock in a transaction dated Monday, February 2nd. The shares were 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 approximately $12,935,459.25. The trade was a 3.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 67,933 shares of company stock worth $14,363,897. 1.26% of the stock is currently owned by corporate insiders.

About Capital One Financial

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.