Capital One Financial Corporation $COF Shares Sold by Cidel Asset Management Inc.

Cidel Asset Management Inc. trimmed its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 32.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,161 shares of the financial services provider’s stock after selling 3,400 shares during the period. Cidel Asset Management Inc.’s holdings in Capital One Financial were worth $1,522,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Atlantic Edge Private Wealth Management LLC increased its holdings in shares of Capital One Financial by 66.7% in the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 50 shares in the last quarter. Solstein Capital LLC purchased a new position in Capital One Financial in the second quarter valued at about $28,000. Roble Belko & Company Inc acquired a new stake in shares of Capital One Financial during the 2nd quarter valued at approximately $28,000. FNY Investment Advisers LLC purchased a new stake in shares of Capital One Financial during the 2nd quarter worth approximately $28,000. Finally, Howard Hughes Medical Institute purchased a new stake in shares of Capital One Financial during the 2nd quarter worth approximately $29,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Capital One Financial news, insider Celia Karam sold 2,108 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $218.25, for a total value of $460,071.00. Following the sale, the insider directly owned 59,269 shares of the company’s stock, valued at approximately $12,935,459.25. This trade represents a 3.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lia Dean sold 3,284 shares of Capital One Financial stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $223.68, for a total value of $734,565.12. Following the completion of the sale, the insider owned 70,162 shares of the company’s stock, valued at $15,693,836.16. This trade represents a 4.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 34,274 shares of company stock worth $8,131,054 in the last three months. Company insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

COF has been the subject of several research reports. HSBC reduced their price objective on Capital One Financial from $234.00 to $226.00 and set a “hold” rating for the company in a report on Tuesday, January 20th. Wells Fargo & Company lifted their price target on Capital One Financial from $265.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Capital One Financial from $263.00 to $256.00 and set a “hold” rating on the stock in a research report on Friday, January 23rd. JPMorgan Chase & Co. raised their target price on shares of Capital One Financial from $237.00 to $256.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Finally, Evercore cut their target price on shares of Capital One Financial from $290.00 to $265.00 and set an “outperform” rating for the company in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $274.70.

Capital One Financial Price Performance

NYSE:COF opened at $207.60 on Friday. The firm has a market cap of $131.98 billion, a price-to-earnings ratio of 70.14, a price-to-earnings-growth ratio of 0.61 and a beta of 1.14. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $259.64. 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 company’s 50-day moving average is $234.33 and its two-hundred day moving average is $223.55.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share 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 firm had revenue of $15.62 billion during the quarter, compared to analyst estimates of $15.49 billion. During the same period in the prior year, the firm earned $2.67 EPS. The business’s quarterly revenue was up 53.3% on a year-over-year basis. Research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

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