Capital One Financial Co. (NYSE:COF) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC decreased its holdings in Capital One Financial Co. (NYSE:COFFree Report) by 5.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,050 shares of the financial services provider’s stock after selling 850 shares during the quarter. Gabelli Funds LLC’s holdings in Capital One Financial were worth $1,842,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Capital One Financial in the fourth quarter worth $409,831,000. Capital Research Global Investors lifted its position in Capital One Financial by 16.7% during the 4th quarter. Capital Research Global Investors now owns 12,227,848 shares of the financial services provider’s stock worth $1,603,316,000 after acquiring an additional 1,745,545 shares during the period. Pzena Investment Management LLC grew its stake in Capital One Financial by 8.3% during the 3rd quarter. Pzena Investment Management LLC now owns 7,626,988 shares of the financial services provider’s stock valued at $740,199,000 after purchasing an additional 585,797 shares during the last quarter. National Bank of Canada FI grew its stake in Capital One Financial by 443.1% during the 4th quarter. National Bank of Canada FI now owns 553,744 shares of the financial services provider’s stock valued at $73,150,000 after purchasing an additional 451,789 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its stake in shares of Capital One Financial by 5,968.2% in the fourth quarter. Panagora Asset Management Inc. now owns 418,404 shares of the financial services provider’s stock worth $54,861,000 after purchasing an additional 411,509 shares during the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Timothy P. Golden sold 8,656 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the completion of the sale, the insider now directly owns 10,246 shares in the company, valued at $1,475,833.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Celia Karam sold 16,913 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $142.88, for a total transaction of $2,416,529.44. Following the completion of the transaction, the insider now directly owns 47,081 shares in the company, valued at approximately $6,726,933.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Timothy P. Golden sold 8,656 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the completion of the sale, the insider now owns 10,246 shares in the company, valued at $1,475,833.84. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. BTIG Research assumed coverage on Capital One Financial in a research report on Friday. They issued a “neutral” rating on the stock. Wells Fargo & Company raised their target price on shares of Capital One Financial from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Royal Bank of Canada upped their price target on shares of Capital One Financial from $142.00 to $150.00 and gave the company a “sector perform” rating in a report on Wednesday, February 21st. Citigroup lifted their price target on Capital One Financial from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Finally, UBS Group lifted their target price on shares of Capital One Financial from $132.00 to $140.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $141.25.

Check Out Our Latest Report on Capital One Financial

Capital One Financial Stock Performance

COF opened at $139.80 on Monday. Capital One Financial Co. has a twelve month low of $88.23 and a twelve month high of $149.94. The firm has a market capitalization of $53.15 billion, a PE ratio of 10.95, a PEG ratio of 1.10 and a beta of 1.45. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.86. The firm’s 50-day moving average price is $141.25 and its 200 day moving average price is $134.76.

Capital One Financial (NYSE:COFGet Free Report) last issued its earnings results on Thursday, April 25th. The financial services provider reported $3.21 earnings per share for the quarter, missing the consensus estimate of $3.25 by ($0.04). Capital One Financial had a return on equity of 9.74% and a net margin of 10.19%. The company had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.35 billion. During the same quarter in the prior year, the firm earned $2.31 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, sell-side analysts expect that Capital One Financial Co. will post 13.05 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $2.40 annualized dividend and a dividend yield of 1.72%. Capital One Financial’s dividend payout ratio is presently 18.79%.

Capital One Financial Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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