Edgestream Partners L.P. Sells 2,948 Shares of Capital One Financial Corporation $COF

Edgestream Partners L.P. lowered its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 52.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 2,722 shares of the financial services provider’s stock after selling 2,948 shares during the quarter. Edgestream Partners L.P.’s holdings in Capital One Financial were worth $497,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in COF. Evolution Wealth Management Inc. grew its position in Capital One Financial by 529.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after buying an additional 90 shares during the period. VSM Wealth Advisory LLC bought a new position in Capital One Financial in the fourth quarter worth approximately $27,000. Cherry Tree Wealth Management LLC raised its position in Capital One Financial by 1,312.5% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 105 shares during the period. Strive Asset Management LLC purchased a new position in shares of Capital One Financial during the 3rd quarter worth $28,000. Finally, Frazier Financial Advisors LLC purchased a new position in shares of Capital One Financial during the 1st quarter worth $29,000. Institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling

In related news, CAO Timothy P. Golden sold 3,487 shares of Capital One Financial stock in a transaction that occurred on Wednesday, July 29th. The stock was 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 approximately $1,567,519. This trade represents a 31.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ravi Raghu sold 9,726 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $209.78, for a total value of $2,040,320.28. Following the completion of the transaction, the insider directly owned 26,328 shares in the company, valued at approximately $5,523,087.84. This represents a 26.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 20,213 shares of company stock worth $4,147,832. 0.78% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on COF shares. UBS Group upped their price objective on Capital One Financial from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday. Morgan Stanley lowered their target price on Capital One Financial from $300.00 to $273.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Truist Financial cut their price target on Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Royal Bank Of Canada reduced their price target on Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating for the company in a research report on Friday, April 10th. Finally, Weiss Ratings raised Capital One Financial from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. Twenty research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.36.

Capital One Financial Stock Performance

Shares of NYSE COF opened at $221.62 on Thursday. The firm has a fifty day moving average price of $199.68 and a 200-day moving average price of $198.49. 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 stock has a market cap of $135.96 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 0.82 and a beta of 1.02. Capital One Financial Corporation has a 1 year low of $174.24 and a 1 year high of $259.64.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating the consensus estimate of $4.79 by $1.02. The firm had revenue of $15.83 billion for the quarter, compared to the consensus estimate of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The company’s revenue was up 26.9% on a year-over-year basis. During the same period last year, the firm earned $5.48 EPS. Equities analysts anticipate that Capital One Financial Corporation will post 20.19 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed 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. This represents a $3.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, August 17th. Capital One Financial’s payout ratio is presently 19.80%.

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.