Capital World Investors Decreases Holdings in Capital One Financial Corporation $COF

Capital World Investors cut its holdings in Capital One Financial Corporation (NYSE:COF) by 3.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 25,050,674 shares of the financial services provider’s stock after selling 913,587 shares during the period. Capital One Financial comprises approximately 0.7% of Capital World Investors’ portfolio, making the stock its 28th largest holding. Capital World Investors’ holdings in Capital One Financial were worth $5,327,094,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Capital International Inc. CA boosted its holdings in shares of Capital One Financial by 14.9% during the third quarter. Capital International Inc. CA now owns 324,082 shares of the financial services provider’s stock worth $68,893,000 after purchasing an additional 42,058 shares during the period. Capital International Investors lifted its position in Capital One Financial by 107.9% during 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 buying an additional 2,097,208 shares during the period. Bank of Montreal Can boosted its stake in Capital One Financial by 9.0% during the third quarter. Bank of Montreal Can now owns 704,635 shares of the financial services provider’s stock worth $149,791,000 after acquiring an additional 58,376 shares in the last quarter. Banque Cantonale Vaudoise increased its position in Capital One Financial by 5.5% during the 3rd quarter. Banque Cantonale Vaudoise now owns 13,797 shares of the financial services provider’s stock valued at $2,933,000 after buying an additional 723 shares in the last quarter. Finally, Vestcor Inc raised its position in shares of Capital One Financial by 24.5% in the 3rd quarter. Vestcor Inc now owns 15,913 shares of the financial services provider’s stock worth $3,383,000 after purchasing an additional 3,128 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

COF opened at $185.25 on Tuesday. 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 has a market capitalization of $115.21 billion, a price-to-earnings ratio of 62.58, a PEG ratio of 0.56 and a beta of 1.14. The business’s fifty day simple moving average is $220.67 and its 200-day simple moving average is $222.02. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $259.64.

Capital One Financial (NYSE:COF) last issued 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 return on equity of 10.68% and a net margin of 3.54%.The business’s quarterly revenue was up 53.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.67 EPS. On average, equities research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 19th were given a $0.80 dividend. The ex-dividend date was Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.7%. Capital One Financial’s dividend payout ratio is currently 108.11%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $275.00 price objective on shares of Capital One Financial in a research report on Monday, January 12th. Wolfe Research lowered their target price on Capital One Financial from $294.00 to $280.00 and set an “outperform” rating on the stock in a research report on Friday, January 23rd. Morgan Stanley lifted their target price on shares of Capital One Financial from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Keefe, Bruyette & Woods upped their price target on Capital One Financial from $260.00 to $290.00 and gave the stock an “outperform” rating in a research note on Friday, January 2nd. Finally, JPMorgan Chase & Co. raised their price objective on Capital One Financial from $237.00 to $256.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. One research 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $274.70.

Insiders Place Their Bets

In related news, insider Celia Karam sold 2,108 shares of Capital One Financial 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 completion of the transaction, the insider owned 59,269 shares in the company, valued at $12,935,459.25. The trade was a 3.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lia Dean sold 3,284 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $223.68, for a total transaction of $734,565.12. Following the transaction, the insider directly owned 70,162 shares in the company, valued at approximately $15,693,836.16. The trade was a 4.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 67,933 shares of company stock worth $14,363,897. Company insiders own 1.26% of the company’s stock.

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.