Meeder Asset Management Inc. Sells 3,763 Shares of Capital One Financial Corporation $COF

Meeder Asset Management Inc. lowered its stake in shares of Capital One Financial Corporation (NYSE:COF) by 37.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,397 shares of the financial services provider’s stock after selling 3,763 shares during the quarter. Meeder Asset Management Inc.’s holdings in Capital One Financial were worth $1,283,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in Capital One Financial during the 4th quarter valued at $2,089,803,000. Viking Global Investors LP raised its holdings in shares of Capital One Financial by 30.3% in the third quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock valued at $1,570,649,000 after purchasing an additional 1,717,148 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Capital One Financial by 7,143.2% during the fourth quarter. Bessemer Group Inc. now owns 1,448,126 shares of the financial services provider’s stock valued at $350,966,000 after purchasing an additional 1,428,133 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Capital One Financial by 64.9% during the fourth quarter. AQR Capital Management LLC now owns 3,366,692 shares of the financial services provider’s stock valued at $815,951,000 after purchasing an additional 1,324,845 shares in the last quarter. Finally, Amundi boosted its holdings in Capital One Financial by 41.5% during the first quarter. Amundi now owns 3,067,354 shares of the financial services provider’s stock worth $559,577,000 after purchasing an additional 899,409 shares during the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on COF shares. Argus reduced their price objective on shares of Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. BTIG Research boosted their target price on Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Truist Financial reduced their target price on Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Citigroup dropped their price target on Capital One Financial from $310.00 to $295.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. Finally, Weiss Ratings raised Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Twenty-one analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and an average target price of $259.36.

Capital One Financial Trading Down 0.1%

NYSE:COF opened at $221.23 on Wednesday. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. The firm’s 50 day moving average is $206.52 and its 200 day moving average is $198.10. The stock has a market capitalization of $135.72 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 0.84 and a beta of 1.02.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, beating the consensus estimate of $4.79 by $1.02. The business had revenue of $15.83 billion during the quarter, compared to analyst estimates of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.Capital One Financial’s revenue was up 26.9% compared to the same quarter last year. During the same period in the prior year, the company earned $5.48 earnings per share. Sell-side analysts expect that Capital One Financial Corporation will post 20.29 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 annualized dividend and a yield of 1.4%. Capital One Financial’s dividend payout ratio (DPR) is 19.80%.

Insiders Place Their Bets

In related news, insider Celia Karam sold 1,888 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $225.52, for a total transaction of $425,781.76. Following the sale, the insider directly owned 59,708 shares in the company, valued at approximately $13,465,348.16. This represents a 3.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Timothy P. Golden sold 3,487 shares of Capital One Financial stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total transaction of $735,757.00. Following the completion of the transaction, the chief accounting officer owned 7,429 shares of the company’s stock, valued at $1,567,519. This represents a 31.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 26,267 shares of company stock worth $5,617,648 in the last ninety days. 0.78% of the stock is owned by corporate insiders.

Capital One Financial Company 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.