Erste Asset Management GmbH Sells 12,415 Shares of Capital One Financial Corporation $COF

Erste Asset Management GmbH lowered its holdings in Capital One Financial Corporation (NYSE:COF) by 77.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,529 shares of the financial services provider’s stock after selling 12,415 shares during the period. Erste Asset Management GmbH’s holdings in Capital One Financial were worth $789,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Cortland Associates Inc. MO purchased a new stake in Capital One Financial in the third quarter worth about $14,391,000. CIBC Asset Management Inc boosted its position in shares of Capital One Financial by 53.9% in the 2nd quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider’s stock worth $18,830,000 after purchasing an additional 30,991 shares in the last quarter. Meridian Wealth Management LLC boosted its position in shares of Capital One Financial by 334.8% in the 3rd quarter. Meridian Wealth Management LLC now owns 9,404 shares of the financial services provider’s stock worth $1,999,000 after purchasing an additional 7,241 shares in the last quarter. Montecito Bank & Trust purchased a new stake in shares of Capital One Financial in the 3rd quarter worth approximately $647,000. Finally, National Pension Service increased its position in Capital One Financial by 4.0% during the 3rd quarter. National Pension Service now owns 1,552,736 shares of the financial services provider’s stock valued at $330,081,000 after buying an additional 59,100 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on COF. Barclays dropped their target price on Capital One Financial from $294.00 to $287.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Evercore dropped their price target on shares of Capital One Financial from $290.00 to $265.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 27th. Morgan Stanley raised their price objective on shares of Capital One Financial from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. BTIG Research decreased their target price on shares of Capital One Financial from $308.00 to $270.00 and set a “buy” rating for the company in a report on Friday, January 23rd. Finally, Keefe, Bruyette & Woods increased their price target on shares of Capital One Financial from $260.00 to $290.00 and gave the company an “outperform” rating in a report on Friday, January 2nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $274.70.

Insider Buying and Selling

In other Capital One Financial news, insider Lia Dean sold 3,284 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total value of $734,565.12. Following the transaction, the insider directly owned 70,162 shares of the company’s stock, valued at approximately $15,693,836.16. This trade represents a 4.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Neal Blinde sold 38,135 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $190.51, for a total transaction of $7,265,098.85. Following the sale, the insider directly owned 33,551 shares of the company’s stock, valued at $6,391,801.01. The trade was a 53.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 69,933 shares of company stock valued at $14,806,977 in the last 90 days. Insiders own 1.26% of the company’s stock.

Capital One Financial Stock Down 6.3%

Shares of Capital One Financial stock opened at $195.26 on Monday. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $259.64. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. The company’s 50 day moving average is $227.35 and its 200 day moving average is $223.03. The company has a market cap of $121.44 billion, a price-to-earnings ratio of 65.97, a price-to-earnings-growth ratio of 0.59 and a beta of 1.14.

Capital One Financial (NYSE:COF) last announced its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The company’s revenue was up 53.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.67 EPS. Research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 19th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Thursday, February 19th. Capital One Financial’s dividend payout ratio is 108.11%.

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.