ProShare Advisors LLC Decreases Position in Capital One Financial Corporation $COF

ProShare Advisors LLC cut its holdings in Capital One Financial Corporation (NYSE:COF) by 9.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 128,015 shares of the financial services provider’s stock after selling 13,551 shares during the period. ProShare Advisors LLC’s holdings in Capital One Financial were worth $27,213,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Atlantic Edge Private Wealth Management LLC grew its position in Capital One Financial by 66.7% during the 2nd 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 during the last quarter. Solstein Capital LLC bought a new stake in Capital One Financial in the 2nd quarter worth $28,000. Roble Belko & Company Inc purchased a new position in shares of Capital One Financial in the second quarter valued at about $28,000. FNY Investment Advisers LLC bought a new position in shares of Capital One Financial during the second quarter valued at about $28,000. Finally, Howard Hughes Medical Institute purchased a new stake in shares of Capital One Financial during the second quarter worth about $29,000. 89.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $250.00, for a total transaction of $500,000.00. Following the transaction, the general counsel directly owned 92,486 shares in the company, valued at approximately $23,121,500. The trade was a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ravi Raghu sold 13,450 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $250.00, for a total value of $3,362,500.00. Following the completion of the transaction, the insider directly owned 30,337 shares in the company, valued at $7,584,250. This trade represents a 30.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 52,114 shares of company stock valued at $12,092,070. 1.26% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on COF. Truist Financial reduced their price target on Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a report on Monday, January 26th. Wolfe Research dropped their price target on Capital One Financial from $294.00 to $280.00 and set an “outperform” rating for the company in a research note on Friday, January 23rd. Citigroup boosted their price objective on shares of Capital One Financial from $290.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, December 31st. Barclays dropped their target price on shares of Capital One Financial from $294.00 to $287.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $275.00 price target on shares of Capital One Financial in a research report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $274.70.

Capital One Financial Stock Performance

Capital One Financial stock opened at $220.10 on Wednesday. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $259.64. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $139.92 billion, a P/E ratio of 74.36, a PEG ratio of 0.66 and a beta of 1.14. The stock’s 50 day moving average is $235.51 and its 200 day moving average is $223.71.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The company had revenue of $15.62 billion during the quarter, compared to analysts’ expectations of $15.49 billion. During the same period in the prior year, the firm earned $2.67 EPS. Capital One Financial’s revenue for the quarter was up 53.3% compared to the same quarter last year. On average, equities research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th will be given a $0.80 dividend. The ex-dividend date is Thursday, February 19th. This represents a $3.20 annualized dividend and a yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is presently 108.11%.

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.