Vestmark Advisory Solutions Inc. Reduces Stake in Capital One Financial Corporation $COF

Vestmark Advisory Solutions Inc. decreased its position in Capital One Financial Corporation (NYSE:COF) by 17.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,435 shares of the financial services provider’s stock after selling 4,187 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Capital One Financial were worth $4,131,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Capital One Financial by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 56,537,167 shares of the financial services provider’s stock valued at $12,018,671,000 after acquiring an additional 156,254 shares during the last quarter. State Street Corp raised its holdings in shares of 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 valued at $5,910,500,000 after acquiring an additional 10,776,843 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Capital One Financial by 64.1% in the second quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock valued at $2,970,628,000 after acquiring an additional 5,474,328 shares in the last quarter. Norges Bank bought a new stake in shares of Capital One Financial during the 2nd quarter valued at about $1,701,511,000. Finally, Bank of New York Mellon Corp increased its stake in Capital One Financial by 41.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,011,073 shares of the financial services provider’s stock valued at $1,491,676,000 after purchasing an additional 2,050,010 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Capital One Financial news, insider Lia Dean sold 3,284 shares of Capital One Financial stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total value of $734,565.12. Following the sale, the insider owned 70,162 shares in the company, valued at $15,693,836.16. The trade was a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $250.00, for a total transaction of $500,000.00. Following the completion of the transaction, the general counsel directly owned 92,486 shares in the company, valued at $23,121,500. The trade was a 2.12% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 34,274 shares of company stock valued at $8,131,054. Company insiders own 1.26% of the company’s stock.

Capital One Financial Price Performance

Shares of COF opened at $190.69 on Tuesday. The company’s fifty day moving average price is $230.60 and its 200-day moving average price is $223.34. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $118.60 billion, a PE ratio of 64.42, a price-to-earnings-growth ratio of 0.61 and a beta of 1.14. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $259.64.

Capital One Financial (NYSE:COF) last posted its earnings results 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 net margin of 3.54% and a return on equity of 10.68%. During the same quarter last year, the company earned $2.67 EPS. The firm’s revenue was up 53.3% compared to the same quarter last year. On average, equities research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Thursday, February 19th. Capital One Financial’s payout ratio is currently 108.11%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on COF. Royal Bank Of Canada restated a “sector perform” rating and issued a $275.00 target price on shares of Capital One Financial in a report on Monday, January 12th. Jefferies Financial Group lifted their target price on shares of Capital One Financial from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. The Goldman Sachs Group restated a “buy” rating and issued a $300.00 price target on shares of Capital One Financial in a research note on Tuesday, January 6th. HSBC reduced their target price on Capital One Financial from $234.00 to $226.00 and set a “hold” rating on the stock in a report on Tuesday, January 20th. Finally, Wells Fargo & Company upped their price target on shares of Capital One Financial from $265.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $274.70.

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.