Capital One Financial Co. (NYSE:COF) Shares Sold by Cidel Asset Management Inc.

Cidel Asset Management Inc. trimmed its holdings in Capital One Financial Co. (NYSE:COF) by 6.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,019 shares of the financial services provider’s stock after selling 404 shares during the period. Cidel Asset Management Inc.’s holdings in Capital One Financial were worth $1,073,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in COF. FMR LLC increased its stake in shares of Capital One Financial by 21.4% during the 3rd quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock worth $994,350,000 after purchasing an additional 1,169,395 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Capital One Financial during the fourth quarter worth $130,683,000. Wellington Management Group LLP raised its holdings in shares of Capital One Financial by 268.7% in the third quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock worth $146,052,000 after acquiring an additional 710,881 shares during the last quarter. Southpoint Capital Advisors LP purchased a new stake in shares of Capital One Financial in the third quarter valued at $104,811,000. Finally, KBC Group NV lifted its position in shares of Capital One Financial by 282.2% in the fourth quarter. KBC Group NV now owns 623,470 shares of the financial services provider’s stock valued at $111,177,000 after acquiring an additional 460,339 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Stock Performance

Shares of COF stock opened at $203.13 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The company has a market cap of $77.44 billion, a PE ratio of 17.53, a P/E/G ratio of 1.24 and a beta of 1.47. The company’s fifty day simple moving average is $188.08 and its 200-day simple moving average is $166.17. Capital One Financial Co. has a 52 week low of $128.23 and a 52 week high of $208.63.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, beating the consensus estimate of $2.78 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The company had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same period last year, the company posted $2.81 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Capital One Financial Co. will post 15.44 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.18%. Capital One Financial’s dividend payout ratio is presently 20.71%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on COF. The Goldman Sachs Group boosted their target price on shares of Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. HSBC raised shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price objective for the company in a research report on Tuesday, January 14th. Wells Fargo & Company lifted their target price on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods boosted their price target on Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, Truist Financial raised their price objective on Capital One Financial from $229.00 to $257.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $196.31.

Insider Buying and Selling at Capital One Financial

In other news, insider Michael Zamsky sold 10,541 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total value of $2,005,530.66. Following the completion of the transaction, the insider now directly owns 26,482 shares in the company, valued at approximately $5,038,465.32. This represents a 28.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by corporate insiders.

Capital One Financial Profile

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.