Capital One Financial Corporation $COF Shares Sold by Callodine Capital Management LP

Callodine Capital Management LP lowered its stake in shares of Capital One Financial Corporation (NYSE:COF) by 16.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 222,079 shares of the financial services provider’s stock after selling 43,629 shares during the period. Capital One Financial comprises about 4.1% of Callodine Capital Management LP’s portfolio, making the stock its 7th largest holding. Callodine Capital Management LP’s holdings in Capital One Financial were worth $47,210,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COF. Mather Group LLC. grew its position in shares of Capital One Financial by 1.0% during the 3rd quarter. Mather Group LLC. now owns 4,540 shares of the financial services provider’s stock valued at $965,000 after acquiring an additional 47 shares during the period. Optas LLC raised its holdings in Capital One Financial by 1.4% in the 3rd quarter. Optas LLC now owns 3,484 shares of the financial services provider’s stock worth $741,000 after purchasing an additional 49 shares during the period. Nations Financial Group Inc. IA ADV boosted its position in Capital One Financial by 1.1% during the third quarter. Nations Financial Group Inc. IA ADV now owns 4,450 shares of the financial services provider’s stock worth $946,000 after purchasing an additional 49 shares in the last quarter. Bridges Investment Management Inc. grew its holdings in Capital One Financial by 0.4% in the third quarter. Bridges Investment Management Inc. now owns 11,251 shares of the financial services provider’s stock valued at $2,392,000 after purchasing an additional 49 shares during the period. Finally, Culbertson A N & Co. Inc. increased its position in shares of Capital One Financial by 0.4% in the second quarter. Culbertson A N & Co. Inc. now owns 11,365 shares of the financial services provider’s stock valued at $2,418,000 after buying an additional 50 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Neal Blinde sold 38,135 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $190.51, for a total transaction of $7,265,098.85. Following the sale, the insider directly owned 33,551 shares in the company, valued at approximately $6,391,801.01. This represents a 53.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction that occurred 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 completion of the transaction, the general counsel owned 92,486 shares of the company’s stock, valued at $23,121,500. This represents a 2.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 67,933 shares of company stock worth $14,363,897 over the last ninety days. Company insiders own 1.26% of the company’s stock.

Capital One Financial Stock Performance

NYSE COF opened at $179.76 on Friday. The stock has a market cap of $111.80 billion, a PE ratio of 60.73, a P/E/G ratio of 0.53 and a beta of 1.14. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $259.64. The stock has a fifty day simple moving average of $215.61 and a 200-day simple moving average of $220.89. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44.

Capital One Financial (NYSE:COF) last announced its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share 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%.Capital One Financial’s revenue for the quarter was up 53.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.67 EPS. Equities analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Thursday, February 19th. Capital One Financial’s dividend payout ratio is currently 108.11%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on COF shares. Zacks Research lowered Capital One Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Morgan Stanley raised their target price on Capital One Financial from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. TD Cowen reaffirmed a “buy” rating on shares of Capital One Financial in a research note on Thursday, January 8th. Wall Street Zen downgraded Capital One Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Finally, HSBC decreased their price objective on Capital One Financial from $234.00 to $226.00 and set a “hold” rating on the stock in a report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus price target of $274.70.

Capital One Financial Profile

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.