Invesco Ltd. Sells 187,411 Shares of Capital One Financial Corporation $COF

Invesco Ltd. lowered its stake in Capital One Financial Corporation (NYSE:COF) by 3.4% in the 4th quarter, HoldingsChannel reports. The fund owned 5,343,529 shares of the financial services provider’s stock after selling 187,411 shares during the period. Invesco Ltd.’s holdings in Capital One Financial were worth $1,295,058,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. lifted its stake in shares of Capital One Financial by 529.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 90 shares during the last quarter. VSM Wealth Advisory LLC purchased a new stake in Capital One Financial during the 4th quarter valued at $27,000. Cherry Tree Wealth Management LLC raised its holdings in Capital One Financial by 1,312.5% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $27,000 after buying an additional 105 shares during the period. Osterweis Capital Management Inc. bought a new stake in Capital One Financial in the fourth quarter worth $29,000. Finally, CrossGen Wealth LLC bought a new stake in Capital One Financial in the fourth quarter worth $30,000. 89.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

COF has been the subject of a number of recent analyst reports. Argus dropped their price target on shares of Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Jefferies Financial Group reissued a “buy” rating and issued a $300.00 price objective on shares of Capital One Financial in a research report on Monday, March 16th. Royal Bank Of Canada reduced their price objective on shares of Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating on the stock in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of 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. Finally, Evercore dropped their target price on Capital One Financial from $265.00 to $222.00 and set an “outperform” rating for the company in a research report on Monday, April 6th. 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 currently has an average rating of “Moderate Buy” and a consensus target price of $258.75.

Capital One Financial Trading Up 0.5%

NYSE COF opened at $201.94 on Friday. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The company has a 50 day moving average price of $190.50 and a 200 day moving average price of $206.85. 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 firm has a market cap of $125.66 billion, a PE ratio of 70.86, a price-to-earnings-growth ratio of 0.72 and a beta of 1.03.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share 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 firm had revenue of $15.23 billion during the quarter, compared to analyst estimates of $15.68 billion. During the same quarter last year, the business earned $4.06 earnings per share. Capital One Financial’s revenue was up 52.3% on a year-over-year basis. As a group, sell-side analysts forecast that Capital One Financial Corporation will post 19.51 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, May 19th. Capital One Financial’s dividend payout ratio is currently 112.28%.

Insider Transactions at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 3,500 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total transaction of $643,755.00. Following the transaction, the general counsel directly owned 97,194 shares of the company’s stock, valued at $17,876,892.42. This represents a 3.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 dated Friday, May 1st. The shares were sold at an average price of $192.58, for a total value of $336,822.42. Following the completion of the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 8,040 shares of company stock valued at $1,498,615 in the last quarter. 0.78% of the stock is currently owned by corporate insiders.

About Capital One Financial

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.