JCSD Capital LLC Reduces Position in Capital One Financial Corporation $COF

JCSD Capital LLC reduced its position in shares of Capital One Financial Corporation (NYSE:COF) by 27.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 18,300 shares of the financial services provider’s stock after selling 6,800 shares during the period. Capital One Financial comprises about 5.3% of JCSD Capital LLC’s investment portfolio, making the stock its 6th largest holding. JCSD Capital LLC’s holdings in Capital One Financial were worth $3,671,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Evolution Wealth Management Inc. grew its position in shares of Capital One Financial by 529.4% during the 4th 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. Solstein Capital LLC bought a new stake in shares of Capital One Financial in the second quarter valued at about $26,000. VSM Wealth Advisory LLC bought a new stake in shares of Capital One Financial in the fourth quarter valued at about $27,000. Cherry Tree Wealth Management LLC lifted 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 acquiring an additional 105 shares during the period. Finally, Ballast Advisors LLC purchased a new stake in Capital One Financial in the first quarter worth about $27,000. 89.84% of the stock is owned by institutional investors.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Celia Karam sold 1,888 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $225.52, for a total value of $425,781.76. Following the completion of the sale, the insider directly owned 59,708 shares in the company, valued at $13,465,348.16. This trade represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Timothy P. Golden sold 3,487 shares of Capital One Financial stock in a transaction 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 completion of the transaction, the chief accounting officer directly owned 7,429 shares in the company, valued at $1,567,519. This represents a 31.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,267 shares of company stock valued at $5,617,648 over the last three months. Company insiders own 0.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on COF. TD Cowen cut their target price on shares of Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on shares of Capital One Financial in a research note on Thursday, August 20th. JPMorgan Chase & Co. lifted their price objective on shares of Capital One Financial from $215.00 to $245.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Piper Sandler assumed coverage on shares of Capital One Financial in a research note on Monday, June 29th. They issued an “overweight” rating and a $254.00 price objective for the company. Finally, Bank of America lowered their target price on Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Twenty-one research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and an average target price of $258.91.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $215.81 on Monday. The company has a market capitalization of $132.40 billion, a PE ratio of 13.35, a P/E/G ratio of 0.79 and a beta of 1.02. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. The company has a 50-day simple moving average of $210.32 and a two-hundred day simple moving average of $197.82. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64.

Capital One Financial (NYSE:COF) last released its quarterly earnings results 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 period in the prior year, the firm posted $5.48 earnings per share. The company’s quarterly revenue was up 26.9% on a year-over-year basis. Research analysts expect that Capital One Financial Corporation will post 20.29 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. Capital One Financial’s dividend 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.