Clarius Group LLC Cuts Stake in Capital One Financial Corporation (NYSE:COF)

Clarius Group LLC cut its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 4.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,228 shares of the financial services provider’s stock after selling 97 shares during the quarter. Clarius Group LLC’s holdings in Capital One Financial were worth $399,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Bfsg LLC purchased a new stake in shares of Capital One Financial during the fourth quarter worth $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in Capital One Financial during the 4th quarter worth $27,000. TruNorth Capital Management LLC purchased a new stake in Capital One Financial during the 4th quarter worth about $29,000. SBI Securities Co. Ltd. purchased a new stake in Capital One Financial during the 4th quarter worth about $32,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Capital One Financial in the 4th quarter valued at about $41,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

COF has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their price objective on Capital One Financial from $198.00 to $170.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Baird R W upgraded shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. Wells Fargo & Company raised their price objective on shares of Capital One Financial from $210.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Bank of America lifted their price objective on shares of Capital One Financial from $223.00 to $233.00 and gave the stock a “buy” rating in a research report on Wednesday, May 21st. Finally, BTIG Research raised Capital One Financial from a “neutral” rating to a “buy” rating and set a $208.00 target price on the stock in a report on Tuesday, March 25th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Capital One Financial has a consensus rating of “Moderate Buy” and an average target price of $210.64.

Insider Transactions at Capital One Financial

In related news, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction on Monday, May 12th. The shares were 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 owns 56,244 shares in the company, valued at $11,175,682.80. This represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction on Monday, May 12th. The shares were sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the completion of the transaction, the insider now owns 20,089 shares in the company, valued at approximately $4,005,746.60. This represents a 32.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Capital One Financial Stock Performance

Shares of COF stock opened at $197.17 on Friday. The stock’s 50-day moving average is $186.91 and its two-hundred day moving average is $185.57. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.97 and a current ratio of 0.98. Capital One Financial Corporation has a 1 year low of $128.23 and a 1 year high of $210.67. The firm has a market cap of $75.54 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 0.96 and a beta of 1.13.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.75 by $0.31. The firm had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.07 billion. Capital One Financial had a return on equity of 9.63% and a net margin of 9.65%. Analysts predict 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 Thursday, June 5th. Stockholders of record on Friday, May 23rd were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Friday, May 23rd. Capital One Financial’s payout ratio is currently 20.15%.

About Capital One Financial

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.