Jupiter Asset Management Ltd. Decreases Stake in Capital One Financial Corporation $COF

Jupiter Asset Management Ltd. reduced its stake in shares of Capital One Financial Corporation (NYSE:COF) by 26.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 282,117 shares of the financial services provider’s stock after selling 102,247 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Capital One Financial were worth $68,374,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. VSM Wealth Advisory LLC acquired a new position in shares of Capital One Financial in the 4th quarter valued at $27,000. Olistico Wealth LLC acquired a new position in shares of Capital One Financial in the 4th quarter valued at $30,000. Rakuten Securities Inc. increased its position in shares of Capital One Financial by 550.0% in the 4th quarter. Rakuten Securities Inc. now owns 130 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 110 shares during the period. Strive Asset Management LLC acquired a new position in shares of Capital One Financial in the 3rd quarter valued at $28,000. Finally, Westfuller Advisors LLC increased its position in shares of Capital One Financial by 661.1% in the 4th quarter. Westfuller Advisors LLC now owns 137 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 119 shares during the period. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Price Performance

NYSE:COF opened at $187.17 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46. Capital One Financial Corporation has a 52 week low of $174.98 and a 52 week high of $259.64. The stock’s 50-day moving average price is $188.95 and its 200-day moving average price is $209.51. The stock has a market capitalization of $116.47 billion, a PE ratio of 65.67, a price-to-earnings-growth ratio of 0.69 and a beta of 1.05.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing the consensus estimate of $5.08 by ($0.66). Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The business had revenue of $15.23 billion during the quarter, compared to analyst estimates of $15.68 billion. During the same period in the previous year, the business posted $4.06 earnings per share. The firm’s revenue for the quarter was up 52.3% on a year-over-year basis. As a group, equities analysts expect that Capital One Financial Corporation will post 19.14 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 19th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, May 19th. Capital One Financial’s dividend payout ratio is 112.28%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a research report on Friday, March 27th. JPMorgan Chase & Co. upped their target price on Capital One Financial from $213.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Argus cut their target price on Capital One Financial from $260.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. UBS Group cut their target price on Capital One Financial from $283.00 to $270.00 in a research report on Wednesday, May 6th. Finally, Jefferies Financial Group restated a “buy” rating and set a $300.00 target price on shares of Capital One Financial in a research report on Monday, March 16th. Seventeen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $258.75.

Insider Activity at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total value of $643,755.00. Following the sale, the general counsel directly owned 97,194 shares in the company, valued at approximately $17,876,892.42. The trade was a 3.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 1,692 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $185.61, for a total value of $314,052.12. Following the transaction, the insider directly owned 65,454 shares of the company’s stock, valued at $12,148,916.94. The trade was a 2.52% 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. In the last three months, insiders have sold 8,040 shares of company stock valued at $1,498,615. 0.78% of the stock is owned by corporate insiders.

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.