Sunpointe LLC Cuts Stock Holdings in Capital One Financial Corporation $COF

Sunpointe LLC reduced its stake in Capital One Financial Corporation (NYSE:COF) by 57.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 3,767 shares of the financial services provider’s stock after selling 5,100 shares during the quarter. Sunpointe LLC’s holdings in Capital One Financial were worth $801,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Capital One Financial by 74.8% in the 2nd quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock worth $11,995,603,000 after acquiring an additional 24,129,990 shares in the last quarter. State Street Corp boosted its holdings in Capital One Financial by 63.4% during the second quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock worth $5,910,500,000 after purchasing an additional 10,776,843 shares during the last quarter. Norges Bank purchased a new position in Capital One Financial during the second quarter worth about $1,701,511,000. Geode Capital Management LLC grew its position in Capital One Financial by 64.1% in the 2nd quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock worth $2,970,628,000 after purchasing an additional 5,474,328 shares in the last quarter. Finally, Boston Partners purchased a new stake in Capital One Financial in the 2nd quarter valued at about $534,777,000. 89.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on COF shares. Wolfe Research lowered their target price on Capital One Financial from $294.00 to $280.00 and set an “outperform” rating on the stock in a research note on Friday, January 23rd. Wells Fargo & Company lifted their price target on shares of Capital One Financial from $265.00 to $280.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Evercore reduced their price objective on Capital One Financial from $290.00 to $265.00 and set an “outperform” rating for the company in a report on Tuesday, January 27th. Jefferies Financial Group raised their target price on Capital One Financial from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $300.00 target price on shares of Capital One Financial in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $274.70.

Insider Buying and Selling

In other Capital One Financial news, insider Ravi Raghu sold 13,450 shares of the firm’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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jason P. Hanson sold 3,729 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $205.00, for a total transaction of $764,445.00. Following the transaction, the insider owned 40,230 shares of the company’s stock, valued at $8,247,150. This trade represents a 8.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 67,933 shares of company stock valued at $14,363,897 in the last three months. Insiders own 1.26% of the company’s stock.

Capital One Financial Price Performance

Shares of NYSE COF opened at $193.96 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $259.64. The stock has a market cap of $120.63 billion, a PE ratio of 65.53, a price-to-earnings-growth ratio of 0.59 and a beta of 1.14. The stock has a fifty day moving average of $223.12 and a 200-day moving average of $222.30.

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). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The company’s quarterly revenue was up 53.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.67 EPS. Equities research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Thursday, February 19th. Capital One Financial’s dividend payout ratio (DPR) 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.