Geode Capital Management LLC Sells 31,910 Shares of Capital One Financial Corporation $COF

Geode Capital Management LLC cut its stake in Capital One Financial Corporation (NYSE:COF) by 0.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 14,070,236 shares of the financial services provider’s stock after selling 31,910 shares during the period. Geode Capital Management LLC’s holdings in Capital One Financial were worth $3,402,023,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. VSM Wealth Advisory LLC bought a new stake in Capital One Financial in the fourth quarter valued at approximately $27,000. Olistico Wealth LLC bought a new position in shares of Capital One Financial during the 4th quarter worth approximately $30,000. Rakuten Securities Inc. boosted its holdings in shares of Capital One Financial by 550.0% during the 4th quarter. Rakuten Securities Inc. now owns 130 shares of the financial services provider’s stock worth $32,000 after buying an additional 110 shares in the last quarter. Strive Asset Management LLC bought a new position in shares of Capital One Financial during the 3rd quarter worth approximately $28,000. Finally, Westfuller Advisors LLC boosted its holdings in shares of Capital One Financial by 661.1% during the 4th quarter. Westfuller Advisors LLC now owns 137 shares of the financial services provider’s stock worth $33,000 after buying an additional 119 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on COF. Morgan Stanley cut their price target on Capital One Financial from $300.00 to $273.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. TD Cowen cut their price target on Capital One Financial from $290.00 to $260.00 and set a “buy” rating on the stock in a report on Tuesday, March 31st. Rothschild & Co Redburn cut their price target on Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Evercore cut their price target on Capital One Financial from $265.00 to $222.00 and set an “outperform” rating on the stock in a report on Monday, April 6th. Finally, The Goldman Sachs Group cut their price target on Capital One Financial from $300.00 to $260.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Seventeen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $258.75.

Capital One Financial Trading Up 1.4%

NYSE COF opened at $189.03 on Thursday. The firm has a market capitalization of $117.63 billion, a P/E ratio of 66.33, a PEG ratio of 0.68 and a beta of 1.05. The business has a fifty day simple moving average of $188.87 and a 200 day simple moving average of $209.73. Capital One Financial Corporation has a 12 month low of $174.98 and a 12 month high of $259.64. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.08 by ($0.66). Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The business had revenue of $15.23 billion for the quarter, compared to analysts’ expectations of $15.68 billion. During the same period in the prior year, the business earned $4.06 earnings per share. The company’s revenue for the quarter was up 52.3% compared to the same quarter last year. On average, analysts predict that Capital One Financial Corporation will post 19.14 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th will be paid a dividend of $0.80 per share. The ex-dividend date is Tuesday, May 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.7%. Capital One Financial’s dividend payout ratio is presently 112.28%.

Insider Transactions at Capital One Financial

In other news, insider Celia Karam sold 1,749 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $192.58, for a total transaction of $336,822.42. Following the completion of the transaction, the insider owned 61,579 shares in the company, valued at approximately $11,858,883.82. This represents a 2.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total value of $643,755.00. Following the completion of the transaction, the general counsel owned 97,194 shares of the company’s stock, valued at approximately $17,876,892.42. This represents a 3.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 8,040 shares of company stock worth $1,498,615. 0.78% of the stock is owned by company insiders.

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.