Capital One Financial Corporation $COF Shares Sold by Westpac Banking Corp

Westpac Banking Corp lessened its holdings in Capital One Financial Corporation (NYSE:COF) by 82.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,067 shares of the financial services provider’s stock after selling 28,932 shares during the quarter. Westpac Banking Corp’s holdings in Capital One Financial were worth $1,470,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. VSM Wealth Advisory LLC acquired a new position in Capital One Financial in the 4th quarter worth approximately $27,000. Cherry Tree Wealth Management LLC increased its holdings in Capital One Financial by 1,312.5% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after buying an additional 105 shares during the period. Strive Asset Management LLC acquired a new position in Capital One Financial in the 3rd quarter worth approximately $28,000. Olistico Wealth LLC acquired a new position in Capital One Financial in the 4th quarter worth approximately $30,000. Finally, Rakuten Securities Inc. increased its holdings in Capital One Financial by 550.0% in 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 during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insiders Place Their Bets

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total transaction of $643,755.00. Following the transaction, the general counsel owned 97,194 shares in the company, valued at $17,876,892.42. This trade represents a 3.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $192.58, for a total value of $336,822.42. Following the transaction, the insider owned 61,579 shares in the company, valued at $11,858,883.82. This trade represents a 2.76% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 8,040 shares of company stock worth $1,498,615. Corporate insiders own 0.78% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on COF. Barclays increased their price target on shares of Capital One Financial from $226.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Rothschild & Co Redburn cut their price target on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Capital One Financial from $256.00 to $250.00 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. TD Cowen cut their price target on shares of Capital One Financial from $290.00 to $260.00 and set a “buy” rating on the stock in a report on Tuesday, March 31st. Finally, Wells Fargo & Company cut their price target on shares of Capital One Financial from $280.00 to $260.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Seventeen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $258.75.

Capital One Financial Trading Down 3.3%

Capital One Financial stock opened at $177.75 on Thursday. 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 Corporation has a 12 month low of $174.98 and a 12 month high of $259.64. The stock’s 50 day simple moving average is $189.14 and its two-hundred day simple moving average is $208.49. The firm has a market cap of $110.61 billion, a PE ratio of 62.37, a P/E/G ratio of 0.67 and a beta of 1.03.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing the consensus estimate of $5.08 by ($0.66). Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The company had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $15.68 billion. During the same quarter in the prior year, the company posted $4.06 EPS. The company’s revenue for the quarter was up 52.3% on a year-over-year basis. Analysts anticipate that Capital One Financial Corporation will post 19.13 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.8%. The ex-dividend date was Tuesday, May 19th. Capital One Financial’s dividend payout ratio is currently 112.28%.

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.