Capital One Financial Corporation $COF Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its holdings in Capital One Financial Corporation (NYSE:COF) by 42.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 725,545 shares of the financial services provider’s stock after selling 543,875 shares during the period. Assenagon Asset Management S.A. owned 0.11% of Capital One Financial worth $175,843,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in COF. State Street Corp grew its holdings in Capital One Financial by 63.4% in the 2nd quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock valued at $5,910,500,000 after buying an additional 10,776,843 shares during the period. Norges Bank acquired a new position in shares of Capital One Financial during the 2nd quarter valued at about $1,701,511,000. Boston Partners purchased a new position in shares of Capital One Financial during the 2nd quarter worth about $534,777,000. Amundi lifted its holdings in shares of Capital One Financial by 321.6% during the 2nd quarter. Amundi now owns 3,108,512 shares of the financial services provider’s stock worth $680,174,000 after acquiring an additional 2,371,214 shares during the period. Finally, Capital International Investors boosted its position in shares of Capital One Financial by 107.9% in the third quarter. Capital International Investors now owns 4,040,408 shares of the financial services provider’s stock worth $859,602,000 after acquiring an additional 2,097,208 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Capital One Financial

In other news, insider Jason P. Hanson sold 3,729 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $205.00, for a total value of $764,445.00. Following the completion of the sale, the insider owned 40,230 shares of the company’s stock, valued at $8,247,150. This represents a 8.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Celia Karam sold 2,108 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $218.25, for a total value of $460,071.00. Following the completion of the sale, the insider 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 SEC filing for this sale provides additional information. Insiders have sold a total of 67,933 shares of company stock valued at $14,363,897 over the last 90 days. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Trading Up 1.4%

Shares of COF stock opened at $183.93 on Tuesday. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $259.64. The firm’s 50 day moving average price is $207.39 and its two-hundred day moving average price is $218.97. The stock has a market cap of $114.39 billion, a price-to-earnings ratio of 62.14, a price-to-earnings-growth ratio of 0.54 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 issued its 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 business 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 business’s revenue was up 53.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.67 EPS. On average, analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th were given a $0.80 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $3.20 annualized dividend and a yield of 1.7%. Capital One Financial’s dividend payout ratio (DPR) is 108.11%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on COF shares. Weiss Ratings restated a “hold (c)” rating on shares of Capital One Financial in a report on Monday, December 29th. Jefferies Financial Group reiterated a “buy” rating and issued a $300.00 price target on shares of Capital One Financial in a report on Monday, March 16th. Barclays lowered their price objective on shares of Capital One Financial from $294.00 to $287.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Wall Street Zen downgraded Capital One Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Finally, 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 research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and an average price target of $275.95.

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.