Capital One Financial Corporation $COF Shares Sold by State of Wisconsin Investment Board

State of Wisconsin Investment Board reduced its stake in shares of Capital One Financial Corporation (NYSE:COF) by 10.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 334,180 shares of the financial services provider’s stock after selling 38,339 shares during the period. State of Wisconsin Investment Board’s holdings in Capital One Financial were worth $80,992,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. grew its stake in Capital One Financial by 16.6% in the 3rd quarter. Victory Capital Management Inc. now owns 378,450 shares of the financial services provider’s stock worth $80,451,000 after acquiring an additional 53,961 shares during the period. APG Asset Management N.V. grew its stake in Capital One Financial by 12.9% in the 3rd quarter. APG Asset Management N.V. now owns 416,935 shares of the financial services provider’s stock worth $88,632,000 after acquiring an additional 47,627 shares during the period. Swiss Life Asset Management Ltd grew its stake in Capital One Financial by 16.4% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 104,192 shares of the financial services provider’s stock worth $22,149,000 after acquiring an additional 14,700 shares during the period. Waverton Investment Management Ltd grew its stake in Capital One Financial by 1,390.9% in the 3rd quarter. Waverton Investment Management Ltd now owns 1,181,834 shares of the financial services provider’s stock worth $251,323,000 after acquiring an additional 1,102,563 shares during the period. Finally, Picton Mahoney Asset Management grew its stake in Capital One Financial by 41.1% in the 3rd quarter. Picton Mahoney Asset Management now owns 165,686 shares of the financial services provider’s stock worth $35,220,000 after acquiring an additional 48,243 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Stock Up 3.1%

Shares of NYSE COF opened at $200.69 on Wednesday. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64. The firm has a fifty day moving average of $189.76 and a 200-day moving average of $207.09. The stock has a market capitalization of $124.89 billion, a PE ratio of 70.42, a P/E/G ratio of 0.70 and a beta of 1.03. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46.

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 (EPS) for the quarter, missing the consensus estimate of $5.08 by ($0.66). Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The company had revenue of $15.23 billion for the quarter, compared to analysts’ expectations of $15.68 billion. During the same period in the prior year, the firm earned $4.06 earnings per share. The firm’s quarterly revenue was up 52.3% on a year-over-year basis. On average, analysts anticipate that Capital One Financial Corporation will post 19.51 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. Capital One Financial’s payout ratio is currently 112.28%.

Analysts Set New Price Targets

COF has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Capital One Financial in a research note on Friday, March 27th. JPMorgan Chase & Co. lifted their target price on shares of Capital One Financial from $213.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $300.00 target price on shares of Capital One Financial in a research note on Monday, March 16th. Evercore lowered their target price on shares of Capital One Financial from $265.00 to $222.00 and set an “outperform” rating for the company in a research note on Monday, April 6th. Finally, Wells Fargo & Company lowered their target price on shares of Capital One Financial from $280.00 to $260.00 and set an “overweight” rating for the company in a research note 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $258.75.

Insider Activity

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $183.93, for a total transaction of $643,755.00. Following the completion of the sale, the general counsel directly owned 97,194 shares of the company’s stock, valued at $17,876,892.42. The trade was a 3.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 1,692 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $185.61, for a total transaction of $314,052.12. Following the sale, the insider directly owned 65,454 shares of the company’s stock, valued at $12,148,916.94. This represents a 2.52% 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 8,040 shares of company stock valued at $1,498,615 in the last ninety days. Company insiders own 0.78% of the company’s stock.

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.