Capital One Financial Corporation $COF Shares Sold by Convergence Investment Partners LLC

Convergence Investment Partners LLC decreased its stake in Capital One Financial Corporation (NYSE:COF) by 87.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,333 shares of the financial services provider’s stock after selling 9,696 shares during the period. Convergence Investment Partners LLC’s holdings in Capital One Financial were worth $283,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Atlantic Edge Private Wealth Management LLC raised its position in 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 acquiring an additional 50 shares in the last quarter. RMG Wealth Management LLC acquired a new stake in Capital One Financial during the second quarter valued at approximately $27,000. Solstein Capital LLC bought a new stake in Capital One Financial during the second quarter worth approximately $28,000. Roble Belko & Company Inc acquired a new position in Capital One Financial in the second quarter worth approximately $28,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Capital One Financial in the second quarter valued at $28,000. Institutional investors own 89.84% of the company’s stock.

Analysts Set New Price Targets

COF has been the topic of a number of analyst reports. Wall Street Zen cut Capital One Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Zacks Research downgraded shares of Capital One Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. JPMorgan Chase & Co. upped their price target on shares of Capital One Financial from $237.00 to $256.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $275.00 price objective on shares of Capital One Financial in a research report on Monday, January 12th. Finally, Wolfe Research reduced their target price on Capital One Financial from $294.00 to $280.00 and set an “outperform” rating for the company in a report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Capital One Financial has a consensus rating of “Moderate Buy” and an average price target of $274.70.

Capital One Financial Trading Up 2.3%

Shares of NYSE:COF opened at $223.87 on Tuesday. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $259.64. The firm has a fifty day moving average price of $235.12 and a 200 day moving average price of $223.45. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $142.32 billion, a PE ratio of 75.63, a P/E/G ratio of 0.65 and a beta of 1.14.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The company had revenue of $15.62 billion for the quarter, compared to analyst estimates of $15.49 billion. During the same period in the prior year, the company posted $2.67 EPS. The business’s revenue was up 53.3% on a year-over-year basis. Analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Insider Buying and Selling at Capital One Financial

In related news, insider Lia Dean sold 3,163 shares of Capital One Financial stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $244.35, for a total value of $772,879.05. Following the transaction, the insider owned 66,692 shares in the company, valued at $16,296,190.20. This trade represents a 4.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ravi Raghu sold 13,450 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $250.00, for a total transaction of $3,362,500.00. Following the sale, the insider owned 30,337 shares of the company’s stock, valued at $7,584,250. This trade represents a 30.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 89,922 shares of company stock worth $20,480,489 in the last quarter. 1.26% of the stock is owned by corporate insiders.

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.