Capital Research Global Investors Cuts Stock Holdings in Capital One Financial Corporation $COF

Capital Research Global Investors decreased its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 30.1% in the 4th quarter, Holdings Channel reports. The firm owned 5,887,545 shares of the financial services provider’s stock after selling 2,538,515 shares during the period. Capital Research Global Investors’ holdings in Capital One Financial were worth $1,426,914,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Evolution Wealth Management Inc. grew its holdings in shares of 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 worth $26,000 after purchasing an additional 90 shares in the last quarter. VSM Wealth Advisory LLC purchased a new stake in Capital One Financial in the fourth quarter worth approximately $27,000. Cherry Tree Wealth Management LLC boosted its stake 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 buying an additional 105 shares in the last quarter. Strive Asset Management LLC purchased a new stake in Capital One Financial in the third quarter worth approximately $28,000. Finally, Olistico Wealth LLC purchased a new stake in Capital One Financial in the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

Shares of Capital One Financial stock opened at $180.58 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. The company has a market cap of $112.37 billion, a PE ratio of 63.36, a P/E/G ratio of 0.66 and a beta of 1.03. The business has a 50 day moving average of $189.03 and a 200 day moving average of $208.10. Capital One Financial Corporation has a 52 week low of $174.98 and a 52 week high of $259.64.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). The business had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $15.68 billion. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. Capital One Financial’s revenue was up 52.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.06 EPS. As a group, equities research analysts forecast that Capital One Financial Corporation will post 19.13 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were issued 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 was Tuesday, May 19th. Capital One Financial’s dividend payout ratio is currently 112.28%.

Analysts Set New Price Targets

COF has been the subject of several research reports. JPMorgan Chase & Co. upped their target price on Capital One Financial from $213.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft cut their target price on Capital One Financial from $256.00 to $250.00 and set a “hold” rating for the company in a research note on Wednesday, April 22nd. UBS Group cut their target price on Capital One Financial from $283.00 to $270.00 in a research note on Wednesday, May 6th. Royal Bank Of Canada cut their target price on Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating for the company in a research note on Friday, April 10th. Finally, Rothschild & Co Redburn cut their target price on Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Seventeen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $258.75.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Lia Dean sold 1,692 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $185.61, for a total value of $314,052.12. Following the completion of the transaction, the insider owned 65,454 shares in the company, valued at approximately $12,148,916.94. This represents a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $192.58, for a total value of $336,822.42. Following the completion of the transaction, the insider owned 61,579 shares of the company’s stock, valued at approximately $11,858,883.82. This trade represents a 2.76% 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. Insiders sold a total of 8,040 shares of company stock worth $1,498,615 over the last quarter. 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.