Maltese Capital Management LLC Decreases Stock Holdings in Capital One Financial Corporation $COF

Maltese Capital Management LLC cut its stake in Capital One Financial Corporation (NYSE:COF) by 10.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,000 shares of the financial services provider’s stock after selling 6,000 shares during the period. Capital One Financial makes up approximately 1.6% of Maltese Capital Management LLC’s holdings, making the stock its 18th largest holding. Maltese Capital Management LLC’s holdings in Capital One Financial were worth $10,416,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in Capital One Financial by 74.8% during the 2nd quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock worth $11,995,603,000 after purchasing an additional 24,129,990 shares in the last quarter. State Street Corp boosted its stake in shares of Capital One Financial by 63.4% during the 2nd quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock worth $5,910,500,000 after purchasing an additional 10,776,843 shares during the last quarter. Norges Bank acquired a new stake in shares of Capital One Financial during the 2nd quarter worth about $1,701,511,000. Boston Partners purchased a new stake in shares of Capital One Financial during the second quarter worth about $534,777,000. Finally, Amundi raised its position in shares of Capital One Financial by 321.6% in the second quarter. Amundi now owns 3,108,512 shares of the financial services provider’s stock valued at $680,174,000 after buying an additional 2,371,214 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

COF has been the topic of a number of analyst reports. Wolfe Research decreased their target price on shares of Capital One Financial from $294.00 to $280.00 and set an “outperform” rating on the stock in a research report on Friday, January 23rd. Keefe, Bruyette & Woods increased their price target on Capital One Financial from $260.00 to $290.00 and gave the stock an “outperform” rating in a research note on Friday, January 2nd. Morgan Stanley raised their price objective on Capital One Financial from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. TD Cowen reaffirmed a “buy” rating on shares of Capital One Financial in a research report on Thursday, January 8th. Finally, Wall Street Zen lowered Capital One Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $275.95.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Neal Blinde sold 38,135 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $190.51, for a total value of $7,265,098.85. Following the transaction, the insider owned 33,551 shares in the company, valued at $6,391,801.01. The trade was a 53.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jason P. Hanson sold 3,729 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $205.00, for a total transaction of $764,445.00. Following the completion of the transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 67,933 shares of company stock valued at $14,363,897. 1.26% of the stock is owned by company insiders.

Capital One Financial Stock Up 0.4%

Shares of NYSE COF opened at $180.54 on Tuesday. The stock has a fifty day moving average price of $214.21 and a 200 day moving average price of $220.50. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $259.64. The company has a market cap of $112.28 billion, a P/E ratio of 60.99, a P/E/G ratio of 0.54 and a beta of 1.14.

Capital One Financial (NYSE:COF) last posted its earnings results 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). The company had revenue of $15.62 billion during the quarter, compared to analyst estimates of $15.49 billion. Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. Capital One Financial’s quarterly revenue was up 53.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.67 EPS. Research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th were paid a dividend of $0.80 per share. The ex-dividend date was Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.8%. Capital One Financial’s dividend payout ratio (DPR) is currently 108.11%.

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.