Capital One Financial Corporation $COF Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its stake in shares of Capital One Financial Corporation (NYSE:COF) by 13.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 96,722 shares of the financial services provider’s stock after selling 14,500 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Capital One Financial were worth $23,442,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COF. Strive Asset Management LLC acquired a new stake in shares of Capital One Financial during the 3rd quarter valued at about $28,000. Olistico Wealth LLC acquired a new stake in shares of Capital One Financial during the 4th quarter valued at about $30,000. Rakuten Securities Inc. grew its position in shares of Capital One Financial by 550.0% during the 4th quarter. Rakuten Securities Inc. now owns 130 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 110 shares during the period. WFA of San Diego LLC acquired a new stake in shares of Capital One Financial during the 2nd quarter valued at about $32,000. Finally, Westfuller Advisors LLC grew its position in shares of Capital One Financial by 661.1% during the 4th quarter. Westfuller Advisors LLC now owns 137 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 119 shares during the period. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Trading Down 1.3%

Shares of Capital One Financial stock opened at $181.40 on Thursday. The firm has a market capitalization of $112.88 billion, a PE ratio of 63.65, a P/E/G ratio of 0.67 and a beta of 1.05. Capital One Financial Corporation has a twelve month low of $174.98 and a twelve month high of $259.64. The firm’s 50-day moving average price is $188.74 and its 200 day moving average price is $212.12. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). The company had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $15.68 billion. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The company’s quarterly revenue was up 52.3% compared to the same quarter last year. During the same period in the prior year, the business posted $4.06 earnings per share. On average, sell-side analysts predict that Capital One Financial Corporation will post 19.17 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 19th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.8%. Capital One Financial’s dividend payout ratio (DPR) is currently 112.28%.

Insider Activity at Capital One Financial

In related news, insider Neal Blinde sold 38,135 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $190.51, for a total value of $7,265,098.85. Following the transaction, the insider directly owned 33,551 shares of the company’s stock, valued at approximately $6,391,801.01. This trade represents a 53.20% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Lia Dean sold 1,692 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $185.61, for a total transaction of $314,052.12. Following the completion of the transaction, the insider directly owned 65,454 shares in the company, valued at $12,148,916.94. This represents a 2.52% 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. Over the last 90 days, insiders sold 46,404 shares of company stock valued at $8,884,404. 0.78% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on COF shares. Deutsche Bank Aktiengesellschaft dropped their target price on Capital One Financial from $256.00 to $250.00 and set a “hold” rating on the stock in a research report on Wednesday, April 22nd. Argus dropped their target price on Capital One Financial from $260.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. TD Cowen dropped their target price on Capital One Financial from $290.00 to $260.00 and set a “buy” rating on the stock in a research report on Tuesday, March 31st. Barclays raised their target price on Capital One Financial from $226.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Finally, Jefferies Financial Group restated a “buy” rating and set a $300.00 target price on shares of Capital One Financial in a research report on Monday, March 16th. Eighteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $257.52.

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.