Capital One Financial Corporation $COF Stake Reduced by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC reduced its stake in shares of Capital One Financial Corporation (NYSE:COF) by 76.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,351 shares of the financial services provider’s stock after selling 4,409 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Capital One Financial were worth $327,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in COF. VSM Wealth Advisory LLC acquired a new position in Capital One Financial during the 4th quarter worth $27,000. Strive Asset Management LLC acquired a new position in Capital One Financial during the 3rd quarter worth $28,000. Olistico Wealth LLC acquired a new position in Capital One Financial during the 4th quarter worth $30,000. Rakuten Securities Inc. boosted its position in Capital One Financial by 550.0% during the 4th quarter. Rakuten Securities Inc. now owns 130 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 110 shares during the period. Finally, WFA of San Diego LLC acquired a new position in Capital One Financial during the 2nd quarter worth $32,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Trading Up 0.6%

Shares of Capital One Financial stock opened at $187.80 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46. The firm has a market cap of $116.87 billion, a price-to-earnings ratio of 65.90, a price-to-earnings-growth ratio of 0.68 and a beta of 1.05. The business has a fifty day simple moving average of $188.36 and a 200-day simple moving average of $210.48. Capital One Financial Corporation has a fifty-two week low of $174.98 and a fifty-two week high of $259.64.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing the consensus estimate of $5.08 by ($0.66). The firm had revenue of $15.23 billion during the quarter, compared to analyst estimates 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 quarter last year, the company earned $4.06 EPS. On average, equities analysts forecast that Capital One Financial Corporation will post 19.17 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, May 19th. Capital One Financial’s dividend payout ratio is currently 112.28%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Neal Blinde sold 38,135 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was 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 $6,391,801.01. This represents a 53.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total value of $643,755.00. Following the completion of the transaction, the general counsel directly owned 97,194 shares in the company, valued at approximately $17,876,892.42. The trade was a 3.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 49,904 shares of company stock valued at $9,528,159 over the last 90 days. 0.78% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on COF. Rothschild & Co Redburn reduced their price target on Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Wolfe Research reduced their price target 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. Argus reduced their price target on Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. JPMorgan Chase & Co. boosted their price target on Capital One Financial from $213.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Finally, Wells Fargo & Company cut their price objective on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Seventeen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.75.

About Capital One Financial

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.