Aberdeen Group plc Sells 8,526 Shares of Capital One Financial Corporation $COF

Aberdeen Group plc lessened its position in Capital One Financial Corporation (NYSE:COF) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 465,280 shares of the financial services provider’s stock after selling 8,526 shares during the period. Aberdeen Group plc owned 0.07% of Capital One Financial worth $112,765,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of COF. Cortland Associates Inc. MO bought a new stake in Capital One Financial in the third quarter valued at $14,391,000. CIBC Asset Management Inc raised its holdings in shares of Capital One Financial by 53.9% during the second quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider’s stock valued at $18,830,000 after purchasing an additional 30,991 shares during the period. Meridian Wealth Management LLC boosted its position in shares of Capital One Financial by 334.8% during the 3rd quarter. Meridian Wealth Management LLC now owns 9,404 shares of the financial services provider’s stock worth $1,999,000 after purchasing an additional 7,241 shares in the last quarter. Montecito Bank & Trust acquired a new stake in shares of Capital One Financial in the 3rd quarter valued at about $647,000. Finally, National Pension Service grew its stake in shares of Capital One Financial by 4.0% in the 3rd quarter. National Pension Service now owns 1,552,736 shares of the financial services provider’s stock valued at $330,081,000 after buying an additional 59,100 shares during the period. 89.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

COF has been the topic of a number of research reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $300.00 price target on shares of Capital One Financial in a research note on Tuesday, January 6th. Keefe, Bruyette & Woods raised their price objective on Capital One Financial from $260.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, January 2nd. Jefferies Financial Group restated a “buy” rating and set a $300.00 price objective on shares of Capital One Financial in a report on Monday, March 16th. Deutsche Bank Aktiengesellschaft cut their target price on Capital One Financial from $263.00 to $256.00 and set a “hold” rating on the stock in a report on Friday, January 23rd. Finally, Citigroup lifted their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and a consensus target price of $274.45.

Insider Buying and Selling at Capital One Financial

In related news, insider Neal Blinde sold 38,135 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 33,551 shares in the company, valued at approximately $6,391,801.01. The trade was a 53.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Celia Karam sold 2,108 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $218.25, for a total transaction of $460,071.00. Following the completion of the sale, the insider directly owned 59,269 shares of the company’s stock, valued at $12,935,459.25. The trade was a 3.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 62,706 shares of company stock valued at $13,086,680 in the last quarter. 1.26% of the stock is owned by company insiders.

Capital One Financial Stock Down 1.4%

Shares of NYSE:COF opened at $181.98 on Friday. The business’s 50 day moving average is $198.96 and its 200 day moving average is $216.75. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $259.64. The stock has a market cap of $113.18 billion, a price-to-earnings ratio of 61.48, a PEG ratio of 0.56 and a beta of 1.14. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44.

Capital One Financial (NYSE:COF) last released its quarterly earnings results 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). The company had revenue of $15.62 billion during the quarter, compared to analysts’ expectations of $15.49 billion. Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The company’s quarterly revenue was up 53.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.67 earnings per share. On average, sell-side analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 19th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis 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 (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.