M.D. Sass LLC Sells 12,132 Shares of Capital One Financial Corporation $COF

M.D. Sass LLC decreased its holdings in Capital One Financial Corporation (NYSE:COF) by 5.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 224,137 shares of the financial services provider’s stock after selling 12,132 shares during the quarter. Capital One Financial comprises approximately 3.9% of M.D. Sass LLC’s holdings, making the stock its 14th largest position. M.D. Sass LLC’s holdings in Capital One Financial were worth $47,647,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of COF. Mather Group LLC. boosted its stake in shares of Capital One Financial by 1.0% in the 3rd quarter. Mather Group LLC. now owns 4,540 shares of the financial services provider’s stock valued at $965,000 after purchasing an additional 47 shares in the last quarter. Optas LLC lifted its stake in Capital One Financial by 1.4% in the 3rd quarter. Optas LLC now owns 3,484 shares of the financial services provider’s stock valued at $741,000 after purchasing an additional 49 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its position in Capital One Financial by 1.1% in the third quarter. Nations Financial Group Inc. IA ADV now owns 4,450 shares of the financial services provider’s stock valued at $946,000 after buying an additional 49 shares in the last quarter. Bridges Investment Management Inc. grew its stake in shares of Capital One Financial by 0.4% during the third quarter. Bridges Investment Management Inc. now owns 11,251 shares of the financial services provider’s stock worth $2,392,000 after buying an additional 49 shares during the last quarter. Finally, Atlantic Edge Private Wealth Management LLC grew its stake in shares of Capital One Financial by 66.7% during the second quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock worth $27,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Shares of COF opened at $216.78 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44. The firm’s fifty day simple moving average is $235.44 and its two-hundred day simple moving average is $223.45. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $259.64. The stock has a market capitalization of $137.81 billion, a P/E ratio of 73.24, a price-to-earnings-growth ratio of 0.66 and a beta of 1.14.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data 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%. The business had revenue of $15.62 billion during the quarter, compared to analyst estimates of $15.49 billion. During the same period in the prior year, the firm earned $2.67 earnings per share. The firm’s revenue for the quarter was up 53.3% compared to the same quarter last year. As a group, analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th will be paid a $0.80 dividend. The ex-dividend date is Thursday, February 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. Capital One Financial’s payout ratio is currently 108.11%.

Analysts Set New Price Targets

Several research firms have commented on COF. Zacks Research downgraded Capital One Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Keefe, Bruyette & Woods upped their price objective on Capital One Financial from $260.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, January 2nd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $275.00 price objective on shares of Capital One Financial in a report on Monday, January 12th. Morgan Stanley boosted their target price on shares of Capital One Financial from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. raised their price target on shares of Capital One Financial from $237.00 to $256.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and an average price target of $274.70.

Insider Activity at Capital One Financial

In related news, insider Frank G. LapradeIii sold 17,840 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $222.03, for a total value of $3,961,015.20. Following the completion of the sale, the insider directly owned 48,315 shares of the company’s stock, valued at $10,727,379.45. The trade was a 26.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ravi Raghu sold 13,450 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $250.00, for a total value of $3,362,500.00. Following the transaction, the insider directly owned 30,337 shares in the company, valued at approximately $7,584,250. This trade represents a 30.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 52,114 shares of company stock worth $12,092,070 over the last ninety days. 1.26% of the stock is owned by corporate insiders.

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.