Legal & General Group Plc Reduces Stock Position in Capital One Financial Corporation $COF

Legal & General Group Plc cut its stake in Capital One Financial Corporation (NYSE:COF) by 1.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,742,653 shares of the financial services provider’s stock after selling 50,103 shares during the quarter. Legal & General Group Plc’s holdings in Capital One Financial were worth $907,069,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Diversified Investment Strategies LLC raised its position in shares of Capital One Financial by 4.6% during the 4th quarter. Diversified Investment Strategies LLC now owns 2,905 shares of the financial services provider’s stock worth $704,000 after purchasing an additional 128 shares during the last quarter. Glenview Trust Co grew its holdings in Capital One Financial by 1.5% during the 4th quarter. Glenview Trust Co now owns 21,303 shares of the financial services provider’s stock valued at $5,163,000 after buying an additional 313 shares during the last quarter. Allen Capital Group LLC grew its holdings in Capital One Financial by 4.2% during the 4th quarter. Allen Capital Group LLC now owns 1,230 shares of the financial services provider’s stock valued at $298,000 after buying an additional 50 shares during the last quarter. Interactive Financial Advisors Inc. acquired a new stake in Capital One Financial during the 4th quarter valued at $222,000. Finally, First National Trust Co increased its position in Capital One Financial by 198.7% during the fourth quarter. First National Trust Co now owns 38,613 shares of the financial services provider’s stock worth $9,358,000 after buying an additional 25,686 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Jason P. Hanson sold 3,729 shares of Capital One Financial stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $205.00, for a total value of $764,445.00. Following the completion of the sale, the insider directly owned 40,230 shares of the company’s stock, valued at approximately $8,247,150. The trade was a 8.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Neal Blinde sold 38,135 shares of Capital One Financial stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $190.51, for a total transaction of $7,265,098.85. Following the completion of the sale, the insider directly owned 33,551 shares of the company’s stock, valued at $6,391,801.01. The trade was a 53.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 49,904 shares of company stock worth $9,528,159 in the last three months. 0.78% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on COF. Argus cut their price target on Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Wells Fargo & Company cut their price target on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Morgan Stanley cut their price target on Capital One Financial from $300.00 to $273.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Royal Bank Of Canada cut their price target on Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating for the company in a report on Friday, April 10th. Finally, JPMorgan Chase & Co. boosted their price target on Capital One Financial from $213.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Seventeen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $258.75.

Capital One Financial Stock Up 0.0%

COF stock opened at $187.80 on Monday. The stock has a market capitalization of $116.87 billion, a P/E ratio of 65.90, a PEG ratio of 0.69 and a beta of 1.05. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.03. Capital One Financial Corporation has a one year low of $174.98 and a one year high of $259.64. The company has a 50 day moving average price of $188.36 and a two-hundred day moving average price of $210.40.

Capital One Financial (NYSE:COF) last released its earnings results 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). The firm had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $15.68 billion. Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The firm’s revenue was up 52.3% on a year-over-year basis. During the same period in the previous year, the firm posted $4.06 earnings per share. As a group, sell-side analysts expect that Capital One Financial Corporation will post 19.17 EPS for the current year.

Capital One Financial Dividend Announcement

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