Eldred Rock Partners LLC Sells 20,460 Shares of Capital One Financial Corporation $COF

Eldred Rock Partners LLC decreased its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 23.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,204 shares of the financial services provider’s stock after selling 20,460 shares during the period. Capital One Financial makes up about 3.5% of Eldred Rock Partners LLC’s portfolio, making the stock its 11th largest position. Eldred Rock Partners LLC’s holdings in Capital One Financial were worth $13,861,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC raised its holdings in shares of Capital One Financial by 103.3% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 62 shares during the last quarter. Olistico Wealth LLC increased its holdings in Capital One Financial by 439.1% during the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 101 shares in the last quarter. RMG Wealth Management LLC bought a new stake in Capital One Financial during the 2nd quarter worth approximately $27,000. Atlantic Edge Private Wealth Management LLC raised its stake in shares of Capital One Financial by 66.7% in the second quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 50 shares during the last quarter. Finally, Signature Resources Capital Management LLC bought a new position in shares of Capital One Financial in the second quarter valued at approximately $28,000. 89.84% of the stock is owned by institutional investors.

Capital One Financial Stock Performance

NYSE COF opened at $242.52 on Thursday. The company’s 50 day simple moving average is $226.26 and its two-hundred day simple moving average is $219.62. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $249.74. The stock has a market capitalization of $154.18 billion, a PE ratio of 102.33, a P/E/G ratio of 0.56 and a beta of 1.16.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. The business had revenue of $15.46 billion during the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. Analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.3%. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s payout ratio is 135.02%.

Insider Buying and Selling

In other news, insider Neal Blinde sold 43,200 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $221.83, for a total value of $9,583,056.00. Following the completion of the sale, the insider directly owned 73,020 shares in the company, valued at approximately $16,198,026.60. The trade was a 37.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Celia Karam sold 2,936 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $218.15, for a total transaction of $640,488.40. Following the completion of the sale, the insider directly owned 63,433 shares of the company’s stock, valued at $13,837,908.95. This trade represents a 4.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 278,218 shares of company stock worth $61,971,824 over the last ninety days. Corporate insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on COF. Jefferies Financial Group upped their price target on Capital One Financial from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Capital One Financial from $240.00 to $263.00 and gave the stock a “hold” rating in a report on Wednesday, December 17th. Evercore ISI upped their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Finally, TD Cowen upped their price objective on shares of Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average price target of $268.45.

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.