Machina Capital S.A.S. Sells 9,185 Shares of Capital One Financial Corporation $COF

Machina Capital S.A.S. cut its holdings in Capital One Financial Corporation (NYSE:COF) by 51.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,841 shares of the financial services provider’s stock after selling 9,185 shares during the quarter. Machina Capital S.A.S.’s holdings in Capital One Financial were worth $1,707,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its holdings in 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 buying an additional 29,724,829 shares during the period. BlackRock Inc. raised its stake in Capital One Financial by 0.5% in the second quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock worth $10,242,628,000 after buying an additional 236,643 shares in the last quarter. Bank of America Corp DE purchased a new stake in Capital One Financial during the second quarter worth $1,435,311,000. Wellington Management Group LLP lifted its holdings in Capital One Financial by 36.2% during the second quarter. Wellington Management Group LLP now owns 7,108,112 shares of the financial services provider’s stock worth $1,426,029,000 after buying an additional 1,887,497 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Capital One Financial by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 5,621,240 shares of the financial services provider’s stock worth $1,127,733,000 after buying an additional 187,532 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Shares of COF stock opened at $193.66 on Friday. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64. The business’s fifty day simple moving average is $202.14 and its 200-day simple moving average is $200.33. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45. The company has a market cap of $116.49 billion, a PE ratio of 11.43, a PEG ratio of 0.90 and a beta of 1.10.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share for the quarter, topping the consensus estimate of $5.53 by $1.16. Capital One Financial had a return on equity of 11.64% and a net margin of 13.70%. The firm had revenue of $16.31 billion for the quarter, compared to the consensus estimate of $16.25 billion. During the same period in the previous year, the business earned $5.95 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. Analysts expect that Capital One Financial Corporation will post 21.53 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 16th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, November 16th. Capital One Financial’s payout ratio is currently 18.89%.

Analysts Set New Price Targets

Several brokerages have issued reports on COF. Morgan Stanley dropped their target price on Capital One Financial from $273.00 to $267.00 and set an “overweight” rating on the stock in a research report on Monday, October 12th. Evercore reissued an “outperform” rating and issued a $230.00 price target on shares of Capital One Financial in a research report on Tuesday, October 27th. Wall Street Zen cut Capital One Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. JPMorgan Chase & Co. raised their price objective on Capital One Financial from $227.00 to $241.00 and gave the company an “overweight” rating in a research report on Wednesday, October 21st. Finally, Weiss Ratings raised Capital One Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, November 4th. Twenty investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $256.50.

Insider Activity at Capital One Financial

In other Capital One Financial news, General Counsel Matthew Cooper sold 3,500 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $214.10, for a total value of $749,350.00. Following the completion of the transaction, the general counsel owned 83,194 shares of the company’s stock, valued at approximately $17,811,835.40. This trade represents a 4.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Fairbank sold 90,743 shares of Capital One Financial stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $204.86, for a total transaction of $18,589,610.98. Following the sale, the chief executive officer owned 3,968,520 shares of the company’s stock, valued at $812,991,007.20. The trade was a 2.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 202,145 shares of company stock worth $41,281,806. 0.78% of the stock is owned by company insiders.

About Capital One Financial

Capital One Financial Corporation is a bank holding company that provides credit cards, consumer banking, auto financing and commercial banking services. Its offerings include credit cards, deposit accounts, loans and financial services for businesses. The company traces its roots to a credit card business established within Signet Banking Corporation in 1988 and became an independent company in 1994. Capital One is headquartered in McLean, Virginia, and serves customers primarily in the United States, with credit card operations also in the United Kingdom.