Shell Asset Management Co. Trims Stake in Capital One Financial Co. (NYSE:COF)

Shell Asset Management Co. lowered its stake in shares of Capital One Financial Co. (NYSE:COF) by 22.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,095 shares of the financial services provider’s stock after selling 2,674 shares during the quarter. Shell Asset Management Co.’s holdings in Capital One Financial were worth $1,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. FFT Wealth Management LLC increased its position in shares of Capital One Financial by 3.6% during the fourth quarter. FFT Wealth Management LLC now owns 2,325 shares of the financial services provider’s stock valued at $305,000 after buying an additional 80 shares during the period. Tortoise Investment Management LLC increased its position in shares of Capital One Financial by 41.9% during the fourth quarter. Tortoise Investment Management LLC now owns 271 shares of the financial services provider’s stock valued at $36,000 after buying an additional 80 shares during the period. Quent Capital LLC grew its holdings in Capital One Financial by 4.9% in the fourth quarter. Quent Capital LLC now owns 1,819 shares of the financial services provider’s stock worth $239,000 after purchasing an additional 85 shares during the period. Merit Financial Group LLC grew its holdings in Capital One Financial by 3.1% in the fourth quarter. Merit Financial Group LLC now owns 2,808 shares of the financial services provider’s stock worth $368,000 after purchasing an additional 85 shares during the period. Finally, Avestar Capital LLC grew its holdings in Capital One Financial by 0.9% in the fourth quarter. Avestar Capital LLC now owns 10,408 shares of the financial services provider’s stock worth $1,365,000 after purchasing an additional 94 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Activity

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on COF. Jefferies Financial Group upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $145.00 to $165.00 in a report on Thursday, June 6th. JPMorgan Chase & Co. increased their price objective on shares of Capital One Financial from $134.00 to $152.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Piper Sandler increased their price objective on shares of Capital One Financial from $126.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, February 23rd. Keefe, Bruyette & Woods restated an “outperform” rating and set a $159.00 price objective on shares of Capital One Financial in a research report on Wednesday, March 27th. Finally, Citigroup increased their price objective on shares of Capital One Financial from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Capital One Financial currently has a consensus rating of “Hold” and a consensus target price of $141.25.

View Our Latest Analysis on Capital One Financial

Capital One Financial Trading Up 0.8 %

Shares of COF opened at $140.97 on Tuesday. Capital One Financial Co. has a fifty-two week low of $88.23 and a fifty-two week high of $149.94. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.00 and a current ratio of 1.01. The company’s fifty day moving average is $141.16 and its 200 day moving average is $135.00. The stock has a market capitalization of $53.60 billion, a PE ratio of 11.04, a P/E/G ratio of 1.10 and a beta of 1.45.

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

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date was Friday, May 10th. Capital One Financial’s dividend payout ratio (DPR) is 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.

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

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