Eldred Rock Partners LLC Sells 7,088 Shares of Capital One Financial Corporation $COF

Eldred Rock Partners LLC cut its stake in shares of Capital One Financial Corporation (NYSE:COF) by 10.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 58,116 shares of the financial services provider’s stock after selling 7,088 shares during the period. Capital One Financial comprises approximately 3.7% of Eldred Rock Partners LLC’s investment portfolio, making the stock its 11th biggest position. Eldred Rock Partners LLC’s holdings in Capital One Financial were worth $14,085,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Cortland Associates Inc. MO bought a new stake in shares of Capital One Financial in the third quarter worth $14,391,000. CIBC Asset Management Inc lifted its holdings in Capital One Financial by 53.9% during the 2nd quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider’s stock worth $18,830,000 after buying an additional 30,991 shares during the period. Meridian Wealth Management LLC lifted its holdings in 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 buying an additional 7,241 shares during the period. Montecito Bank & Trust bought a new stake in shares of Capital One Financial in the 3rd quarter valued at about $647,000. Finally, National Pension Service grew its position 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 last quarter. 89.84% of the stock is currently owned by institutional investors.

Insider Activity at Capital One Financial

In related news, insider Ravi Raghu sold 13,450 shares of the stock in a transaction on 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 transaction, the insider directly owned 30,337 shares of the company’s stock, valued at $7,584,250. This represents a 30.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Neal Blinde sold 38,135 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $190.51, for a total transaction of $7,265,098.85. Following the completion of the sale, the insider owned 33,551 shares of the company’s stock, valued at $6,391,801.01. The trade was a 53.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 62,706 shares of company stock worth $13,086,680 over the last ninety days. 1.26% of the stock is owned by corporate insiders.

Capital One Financial Trading Down 1.4%

NYSE COF opened at $181.98 on Friday. The business has a 50 day simple moving average of $198.96 and a 200 day simple moving average of $216.75. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $259.64. The stock has a market capitalization of $113.18 billion, a P/E ratio of 61.48, a P/E/G ratio of 0.56 and a beta of 1.14. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04.

Capital One Financial (NYSE:COF) last issued 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). The business had revenue of $15.62 billion during the quarter, compared to analyst estimates of $15.49 billion. Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. Capital One Financial’s quarterly revenue was up 53.3% compared to the same quarter last year. During the same period last year, the firm posted $2.67 earnings per share. Research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently announced 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 was Thursday, February 19th. Capital One Financial’s payout ratio is presently 108.11%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Barclays lowered their price objective on 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. Truist Financial decreased their target price on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research report on Monday, January 26th. The Goldman Sachs Group restated a “buy” rating and issued a $300.00 price target on shares of Capital One Financial in a research report on Tuesday, January 6th. JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $237.00 to $256.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $300.00 price objective on shares of Capital One Financial in a research report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus target price of $274.45.

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.