Ruane Cunniff & Goldfarb L.P. Decreases Stock Holdings in Capital One Financial Corporation $COF

Ruane Cunniff & Goldfarb L.P. cut its holdings in Capital One Financial Corporation (NYSE:COF) by 2.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,017,807 shares of the financial services provider’s stock after selling 50,216 shares during the period. Capital One Financial accounts for 6.1% of Ruane Cunniff & Goldfarb L.P.’s holdings, making the stock its 7th biggest holding. Ruane Cunniff & Goldfarb L.P.’s holdings in Capital One Financial were worth $368,109,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on COF. JPMorgan Chase & Co. boosted their price target on shares of Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Argus cut their price objective on Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. The Goldman Sachs Group reduced their target price on Capital One Financial from $300.00 to $260.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Wells Fargo & Company reduced their target price on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Capital One Financial from $256.00 to $250.00 and set a “hold” rating on the stock in a research report on Wednesday, April 22nd. Twenty equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.82.

Capital One Financial Trading Up 2.0%

Shares of COF opened at $206.86 on Tuesday. The stock has a market capitalization of $128.73 billion, a PE ratio of 12.80, a P/E/G ratio of 0.75 and a beta of 1.02. The company’s fifty day moving average is $195.78 and its 200 day moving average is $199.85. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64.

Capital One Financial (NYSE:COF) last released 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. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The business had revenue of $15.83 billion during the quarter, compared to analyst estimates of $15.76 billion. During the same quarter last year, the business earned $5.48 earnings per share. Capital One Financial’s quarterly revenue was up 26.9% compared to the same quarter last year. Sell-side analysts expect that Capital One Financial Corporation will post 20.13 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, May 19th. Capital One Financial’s dividend payout ratio is currently 19.80%.

Insider Activity

In related news, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total value of $728,000.00. Following the completion of the transaction, the general counsel owned 90,194 shares in the company, valued at approximately $18,760,352. This trade represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 Celia Karam sold 1,749 shares of the business’s stock in a transaction that occurred 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 sale, the insider directly owned 61,579 shares in the company, valued at $11,858,883.82. The trade was 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 have sold a total of 8,749 shares of company stock worth $1,708,577 over the last 90 days. Corporate insiders own 0.78% of the company’s stock.

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.