Chemistry Wealth Management LLC Decreases Stock Holdings in Capital One Financial Co. (NYSE:COF)

Chemistry Wealth Management LLC lowered its stake in shares of Capital One Financial Co. (NYSE:COF) by 22.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,551 shares of the financial services provider’s stock after selling 444 shares during the period. Chemistry Wealth Management LLC’s holdings in Capital One Financial were worth $278,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Capital One Financial by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 31,744,818 shares of the financial services provider’s stock valued at $5,660,736,000 after purchasing an additional 234,863 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Capital One Financial by 3.2% in the fourth quarter. Franklin Resources Inc. now owns 10,718,860 shares of the financial services provider’s stock valued at $1,911,387,000 after purchasing an additional 331,595 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Capital One Financial by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider’s stock valued at $1,467,393,000 after purchasing an additional 207,427 shares in the last quarter. FMR LLC lifted its holdings in shares of Capital One Financial by 21.6% in the fourth quarter. FMR LLC now owns 8,077,886 shares of the financial services provider’s stock valued at $1,440,449,000 after purchasing an additional 1,436,935 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Capital One Financial by 21.8% in the fourth quarter. Northern Trust Corp now owns 4,433,401 shares of the financial services provider’s stock valued at $790,564,000 after purchasing an additional 793,765 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling

In other news, insider Michael Zamsky sold 9,560 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $199.40, for a total value of $1,906,264.00. Following the completion of the sale, the insider now owns 20,089 shares of the company’s stock, valued at $4,005,746.60. This represents a 32.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the sale, the director now directly owns 56,244 shares of the company’s stock, valued at $11,175,682.80. The trade was a 2.86% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

COF has been the topic of several recent research reports. BTIG Research raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and set a $208.00 price target on the stock in a report on Tuesday, March 25th. Citigroup reduced their price target on shares of Capital One Financial from $245.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, March 24th. Robert W. Baird raised shares of Capital One Financial from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $190.00 to $200.00 in a research report on Tuesday, March 11th. Bank of America upped their price objective on shares of Capital One Financial from $223.00 to $233.00 and gave the company a “buy” rating in a research note on Wednesday, May 21st. Finally, Truist Financial upped their price objective on shares of Capital One Financial from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, April 25th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $210.64.

Capital One Financial Stock Performance

Shares of COF stock opened at $198.27 on Friday. Capital One Financial Co. has a one year low of $128.23 and a one year high of $210.67. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. The company has a 50 day moving average price of $180.76 and a 200 day moving average price of $185.02. The firm has a market capitalization of $75.96 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 1.19 and a beta of 1.13.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, topping the consensus estimate of $3.75 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $10.07 billion. Sell-side analysts anticipate that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.21%. The ex-dividend date was Friday, May 23rd. Capital One Financial’s dividend payout ratio (DPR) is 20.15%.

Capital One Financial Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.