Sterling Capital Management LLC Sells 32,386 Shares of Capital One Financial Corporation $COF

Sterling Capital Management LLC lessened its holdings in Capital One Financial Corporation (NYSE:COF) by 93.7% in the 1st quarter, Holdings Channel reports. The firm owned 2,186 shares of the financial services provider’s stock after selling 32,386 shares during the quarter. Sterling Capital Management LLC’s holdings in Capital One Financial were worth $399,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Evolution Wealth Management Inc. increased its position in Capital One Financial by 529.4% during 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 last quarter. VSM Wealth Advisory LLC acquired a new stake in shares of Capital One Financial in the fourth quarter worth about $27,000. Cherry Tree Wealth Management LLC lifted its position in shares of Capital One Financial by 1,312.5% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after buying an additional 105 shares during the last quarter. Strive Asset Management LLC bought a new stake in shares of Capital One Financial during the 3rd quarter worth about $28,000. Finally, Osterweis Capital Management Inc. bought a new stake in shares of Capital One Financial during the 4th quarter worth about $29,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Capital One Financial from $213.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $300.00 target price on shares of Capital One Financial in a research report on Monday, March 16th. Wells Fargo & Company lowered their price target on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Morgan Stanley dropped their price target on shares of Capital One Financial from $300.00 to $273.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Finally, Royal Bank Of Canada dropped their price target on shares of Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating on the stock in a research report on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $260.19.

Capital One Financial Trading Down 0.1%

Capital One Financial stock opened at $204.94 on Friday. 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 business’s 50-day simple moving average is $191.12 and its 200-day simple moving average is $204.84. The firm has a market capitalization of $127.53 billion, a PE ratio of 71.91, a PEG ratio of 0.74 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.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing the consensus estimate of $5.08 by ($0.66). The business had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $15.68 billion. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. Capital One Financial’s revenue for the quarter 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. Equities research analysts forecast that Capital One Financial Corporation will post 19.53 earnings per share for the current year.

Capital One Financial Announces Dividend

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

Insider Buying and Selling at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 3,500 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $183.93, for a total transaction of $643,755.00. Following the completion of the transaction, the general counsel directly owned 97,194 shares in the company, valued at $17,876,892.42. This represents a 3.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $192.58, for a total transaction of $336,822.42. Following the completion of the sale, the insider directly owned 61,579 shares of the company’s stock, valued at approximately $11,858,883.82. This trade represents a 2.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company 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.