Canoe Financial LP Sells 108,136 Shares of Capital One Financial Corporation $COF

Canoe Financial LP decreased its stake in shares of Capital One Financial Corporation (NYSE:COF) by 28.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 270,753 shares of the financial services provider’s stock after selling 108,136 shares during the quarter. Canoe Financial LP’s holdings in Capital One Financial were worth $65,620,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in COF. State Street Corp grew its stake in shares of Capital One Financial by 63.4% in the second 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 in the last quarter. Amundi raised its position in Capital One Financial by 321.6% during the second 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 in the last quarter. Capital International Investors lifted its stake in 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 valued at $859,602,000 after acquiring an additional 2,097,208 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Capital One Financial by 619.6% in the second quarter. Canada Pension Plan Investment Board now owns 2,325,208 shares of the financial services provider’s stock valued at $494,711,000 after acquiring an additional 2,002,093 shares during the last quarter. Finally, Viking Global Investors LP grew its position in shares of Capital One Financial by 30.3% in the 3rd quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock valued at $1,570,649,000 after acquiring an additional 1,717,148 shares during the period. Institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling at Capital One Financial

In related news, insider Celia Karam sold 2,108 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $218.25, for a total value of $460,071.00. Following the completion of the sale, the insider directly owned 59,269 shares in the company, valued at $12,935,459.25. The trade was a 3.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $250.00, for a total value of $500,000.00. Following the completion of the transaction, the general counsel directly owned 92,486 shares in the company, valued at approximately $23,121,500. This represents a 2.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 67,933 shares of company stock worth $14,363,897 in the last 90 days. Company insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on COF shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $275.00 target price on shares of Capital One Financial in a report on Monday, January 12th. Evercore reduced their price target on Capital One Financial from $290.00 to $265.00 and set an “outperform” rating for the company in a report on Tuesday, January 27th. Citigroup boosted their price target on Capital One Financial from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, December 31st. Wolfe Research cut their price objective on Capital One Financial from $294.00 to $280.00 and set an “outperform” rating for the company in a research report on Friday, January 23rd. Finally, HSBC reduced their target price on Capital One Financial from $234.00 to $226.00 and set a “hold” rating for the company in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $275.95.

Capital One Financial Stock Performance

Shares of COF stock opened at $175.96 on Friday. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $259.64. The company has a market capitalization of $109.43 billion, a price-to-earnings ratio of 59.45, a PEG ratio of 0.53 and a beta of 1.14. The company has a 50-day simple moving average of $203.10 and a 200 day simple moving average of $217.88. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04.

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

Capital One Financial Dividend Announcement

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

Capital One Financial Company 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.