49,555 Capital One Financial Corporation $COF Shares Sold by Deltec Asset Management LLC

Deltec Asset Management LLC lowered its stake in shares of Capital One Financial Corporation (NYSE:COF) by 76.8% in the third quarter, HoldingsChannel reports. The firm owned 15,000 shares of the financial services provider’s stock after selling 49,555 shares during the quarter. Deltec Asset Management LLC’s holdings in Capital One Financial were worth $2,896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in COF. State Street Corp boosted its holdings in shares of Capital One Financial by 107.9% during the second quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock valued at $11,491,259,000 after acquiring an additional 29,724,829 shares during the period. Bank of America Corp DE bought a new position in shares of Capital One Financial during the second quarter worth about $1,435,311,000. Legal & General Group Plc bought a new position in shares of Capital One Financial during the second quarter worth about $680,983,000. Berkshire Hathaway Inc acquired a new stake in shares of Capital One Financial in the 2nd quarter worth about $601,860,000. Finally, Canada Pension Plan Investment Board bought a new position in Capital One Financial in the 2nd quarter worth about $482,718,000. 89.84% of the stock is currently owned by institutional investors.

Insider Transactions at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $214.10, for a total transaction of $749,350.00. Following the completion of the sale, the general counsel directly owned 83,194 shares of the company’s stock, valued at approximately $17,811,835.40. This represents a 4.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 2,193 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $494,565.36. Following the completion of the transaction, the insider owned 63,261 shares of the company’s stock, valued at approximately $14,266,620.72. The trade was a 3.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 37,664 shares of company stock worth $7,914,162 in the last three months. Insiders own 0.78% of the company’s stock.

Capital One Financial Stock Performance

Shares of COF opened at $202.34 on Tuesday. The firm’s 50 day moving average is $206.25 and its 200-day moving average is $202.74. The stock has a market capitalization of $124.13 billion, a P/E ratio of 11.94, a P/E/G ratio of 0.93 and a beta of 1.04. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.53 by $1.16. The business had revenue of $16.31 billion for the quarter, compared to analysts’ expectations of $16.25 billion. Capital One Financial had a return on equity of 11.64% and a net margin of 13.70%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $5.95 EPS. Equities research analysts anticipate that Capital One Financial Corporation will post 21.28 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were paid a $0.80 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. Capital One Financial’s dividend payout ratio (DPR) is currently 18.89%.

Analyst Ratings Changes

Several analysts recently commented on COF shares. BMO Capital Markets raised their target price on Capital One Financial from $219.00 to $225.00 and gave the company a “market perform” rating in a research report on Wednesday, October 21st. HSBC raised Capital One Financial from a “hold” rating to a “buy” rating and increased their price target for the stock from $226.00 to $229.00 in a research note on Sunday, July 12th. Evercore set a $220.00 price objective on shares of Capital One Financial in a research note on Thursday, October 1st. BTIG Research boosted their price target on shares of Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Finally, Piper Sandler upped their price target on shares of Capital One Financial from $260.00 to $269.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 21st. Twenty equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Capital One Financial presently has a consensus rating of “Moderate Buy” and an average price target of $256.32.

Capital One Financial Company Profile

Capital One Financial Corporation is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company operates as a bank holding company through Capital One, N.A., providing financial products and services to consumers, small businesses and commercial customers.

Capital One is best known for its credit card business, which offers a range of consumer and business cards. Its other activities include consumer banking products such as checking and savings accounts, auto loans and retail banking services, as well as commercial banking services for businesses and institutions.

The company primarily serves customers in the United States through digital channels, branches and other distribution networks.