Lighthouse Investment Partners LLC Sells 16,470 Shares of Capital One Financial Corporation $COF

Lighthouse Investment Partners LLC trimmed its position in shares of Capital One Financial Corporation (NYSE:COF) by 33.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,112 shares of the financial services provider’s stock after selling 16,470 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in Capital One Financial were worth $7,039,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of COF. Vanguard Group Inc. increased its stake in Capital One Financial by 74.8% during the 2nd quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock valued at $11,995,603,000 after purchasing an additional 24,129,990 shares in the last quarter. State Street Corp lifted its stake in shares of Capital One Financial by 63.4% in the second quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock valued at $5,910,500,000 after buying an additional 10,776,843 shares in the last quarter. Norges Bank bought a new position in shares of Capital One Financial in the second quarter valued at $1,701,511,000. Boston Partners acquired a new position in shares of Capital One Financial during the second quarter valued at about $534,777,000. Finally, Amundi grew its holdings in shares of Capital One Financial by 321.6% during the second quarter. Amundi now owns 3,108,512 shares of the financial services provider’s stock valued at $680,174,000 after buying an additional 2,371,214 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Stock Up 0.4%

COF opened at $180.54 on Tuesday. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $259.64. The firm has a market capitalization of $112.28 billion, a P/E ratio of 60.99, a PEG ratio of 0.54 and a beta of 1.14. The company’s 50-day moving average is $214.21 and its 200 day moving average is $220.50. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). The firm had revenue of $15.62 billion during the quarter, compared to the consensus estimate of $15.49 billion. Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The company’s revenue for the quarter was up 53.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.67 earnings per share. Research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th were issued a $0.80 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.8%. Capital One Financial’s dividend payout ratio is currently 108.11%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on COF shares. Barclays lowered their target price on shares of Capital One Financial from $294.00 to $287.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. JPMorgan Chase & Co. lifted their price target on Capital One Financial from $237.00 to $256.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Truist Financial decreased their price objective on Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a report on Monday, January 26th. The Goldman Sachs Group reissued a “buy” rating and issued a $300.00 price objective on shares of Capital One Financial in a research note on Tuesday, January 6th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $275.00 target price on shares of Capital One Financial in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $275.95.

Insider Buying and Selling

In other Capital One Financial news, insider Jason P. Hanson sold 3,729 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $205.00, for a total value of $764,445.00. Following the transaction, the insider owned 40,230 shares of the company’s stock, valued at approximately $8,247,150. The trade was a 8.48% 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 link. Also, insider Ravi Raghu sold 13,450 shares of the company’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $250.00, for a total value of $3,362,500.00. Following the completion of the transaction, the insider owned 30,337 shares of the company’s stock, valued at $7,584,250. This trade represents a 30.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 67,933 shares of company stock valued at $14,363,897 over the last quarter. Corporate insiders own 1.26% of the company’s stock.

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.