Pittenger & Anderson Inc. Sells 6,826 Shares of Capital One Financial Corporation $COF

Pittenger & Anderson Inc. reduced its holdings in Capital One Financial Corporation (NYSE:COF) by 84.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,280 shares of the financial services provider’s stock after selling 6,826 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Capital One Financial were worth $234,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of COF. Evolution Wealth Management Inc. lifted its holdings in Capital One Financial by 529.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after buying an additional 90 shares during the period. VSM Wealth Advisory LLC purchased a new position in shares of Capital One Financial during the 4th quarter worth approximately $27,000. Cherry Tree Wealth Management LLC raised its position in shares of Capital One Financial by 1,312.5% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 105 shares in the last quarter. Strive Asset Management LLC purchased a new position in shares of Capital One Financial in the 3rd quarter valued at approximately $28,000. Finally, Osterweis Capital Management Inc. purchased a new position in shares of Capital One Financial in the 4th quarter valued at approximately $29,000. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Down 0.0%

Shares of Capital One Financial stock opened at $201.42 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $125.34 billion, a PE ratio of 70.68, a price-to-earnings-growth ratio of 0.73 and a beta of 1.02. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64. The company has a 50-day simple moving average of $191.87 and a two-hundred day simple moving average of $203.09.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). The firm had revenue of $15.23 billion for the quarter, compared to analysts’ expectations of $15.68 billion. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The company’s quarterly revenue was up 52.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.06 EPS. On average, analysts anticipate that Capital One Financial Corporation will post 19.55 EPS for the current fiscal year.

Capital One Financial Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on COF shares. The Goldman Sachs Group reduced their price target on Capital One Financial from $300.00 to $260.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Evercore dropped their target price on shares of Capital One Financial from $265.00 to $222.00 and set an “outperform” rating on the stock in a report on Monday, April 6th. Royal Bank Of Canada decreased their price target on shares of Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating for the company in a research note on Friday, April 10th. Wells Fargo & Company lowered their price target on shares of Capital One Financial from $280.00 to $260.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a research note on Wednesday, June 24th. Twenty equities research analysts have rated the stock with a Buy rating and four 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 target price of $258.55.

Insiders Place Their Bets

In other news, insider Celia Karam sold 1,749 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $192.58, for a total transaction of $336,822.42. Following the transaction, the insider directly owned 61,579 shares of the company’s stock, valued at $11,858,883.82. This represents a 2.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $208.00, for a total value of $728,000.00. Following the sale, the general counsel directly owned 90,194 shares in the company, valued at $18,760,352. This trade represents a 3.74% 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. In the last three months, insiders sold 8,749 shares of company stock valued at $1,708,577. Corporate insiders own 0.78% of the company’s stock.

Capital One Financial 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.