Capital One Financial Corporation $COF Shares Sold by Marshall Wace LLP

Marshall Wace LLP decreased its position in Capital One Financial Corporation (NYSE:COF) by 2.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,429,456 shares of the financial services provider’s stock after selling 60,035 shares during the quarter. Capital One Financial comprises about 0.6% of Marshall Wace LLP’s holdings, making the stock its 19th largest position. Marshall Wace LLP owned 0.38% of Capital One Financial worth $516,891,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of COF. WPG Advisers LLC purchased a new position in Capital One Financial in the 1st quarter worth approximately $25,000. Moisand Fitzgerald Tamayo LLC increased its stake in shares of Capital One Financial by 103.3% in the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 62 shares during the period. Olistico Wealth LLC lifted its holdings in Capital One Financial by 439.1% in the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 101 shares during the period. Saudi Central Bank bought a new position in Capital One Financial during the 1st quarter valued at $27,000. Finally, RMG Wealth Management LLC acquired a new stake in Capital One Financial during the second quarter valued at approximately $27,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Trading Up 1.1%

NYSE COF opened at $229.72 on Friday. The stock has a 50-day simple moving average of $215.68 and a 200 day simple moving average of $213.06. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $232.45. The company has a market capitalization of $146.04 billion, a PE ratio of 96.93, a P/E/G ratio of 0.54 and a beta of 1.16. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45.

Capital One Financial (NYSE:COF) last issued its earnings results on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The firm had revenue of $15.46 billion during the quarter. Research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were issued a dividend of $0.80 per share. The ex-dividend date was Monday, November 17th. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.4%. Capital One Financial’s dividend payout ratio is 135.02%.

Insiders Place Their Bets

In related news, insider Celia Karam sold 2,936 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $218.15, for a total value of $640,488.40. Following the completion of the transaction, the insider owned 63,433 shares of the company’s stock, valued at approximately $13,837,908.95. This trade represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lia Dean sold 3,269 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $218.15, for a total value of $713,132.35. Following the sale, the insider owned 69,855 shares in the company, valued at $15,238,868.25. The trade was a 4.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 280,218 shares of company stock valued at $62,395,804 over the last 90 days. 1.26% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on COF shares. Wall Street Zen upgraded Capital One Financial from a “hold” rating to a “buy” rating in a report on Friday, September 26th. The Goldman Sachs Group boosted their price target on Capital One Financial from $266.00 to $276.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Barclays lifted their price objective on Capital One Financial from $257.00 to $271.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Citigroup boosted their price objective on shares of Capital One Financial from $275.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, Evercore ISI raised their target price on Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $261.63.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.