Holocene Advisors LP Sells 86,433 Shares of Capital One Financial Corporation $COF

Holocene Advisors LP trimmed its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 7.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,154,739 shares of the financial services provider’s stock after selling 86,433 shares during the quarter. Holocene Advisors LP’s holdings in Capital One Financial were worth $245,474,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Howard Hughes Medical Institute bought a new stake in Capital One Financial during the second quarter worth approximately $29,000. WFA of San Diego LLC purchased a new stake in Capital One Financial during the second quarter valued at approximately $32,000. Crowley Wealth Management Inc. bought a new stake in shares of Capital One Financial in the 3rd quarter valued at approximately $33,000. Wolff Wiese Magana LLC boosted its holdings in shares of Capital One Financial by 41.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 195 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 57 shares during the period. Finally, Bell Investment Advisors Inc boosted its holdings in shares of Capital One Financial by 86.9% in the 2nd quarter. Bell Investment Advisors Inc now owns 200 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 93 shares during the period. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

Shares of COF stock opened at $179.76 on Monday. The stock has a 50 day moving average price of $215.61 and a 200 day moving average price of $220.83. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $259.64. 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 firm has a market capitalization of $111.80 billion, a P/E ratio of 60.73, a P/E/G ratio of 0.54 and a beta of 1.14.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 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 business had revenue of $15.62 billion during the quarter, compared to the consensus estimate of $15.49 billion. During the same period last year, the company earned $2.67 EPS. The business’s revenue was up 53.3% compared to the same quarter last year. As a group, sell-side analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

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

Wall Street Analyst Weigh In

COF has been the topic of several recent research reports. Wall Street Zen lowered Capital One Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $300.00 price objective on shares of Capital One Financial in a research note on Tuesday, January 6th. Morgan Stanley boosted their price objective 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. Evercore reduced 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, Truist Financial dropped their price target 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. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $274.70.

Insider Transactions at Capital One Financial

In related news, insider Jason P. Hanson sold 3,729 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $205.00, for a total value of $764,445.00. Following the transaction, the insider owned 40,230 shares of the company’s stock, valued at $8,247,150. This trade represents a 8.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ravi Raghu sold 13,450 shares of Capital One Financial stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $250.00, for a total transaction of $3,362,500.00. Following the sale, the insider owned 30,337 shares of the company’s stock, valued at $7,584,250. The trade was a 30.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 67,933 shares of company stock valued at $14,363,897. Company insiders own 1.26% of the company’s stock.

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.