Capital One Financial Corporation $COF Shares Sold by Newport Trust Company LLC

Newport Trust Company LLC trimmed its position in shares of Capital One Financial Corporation (NYSE:COF) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,483,012 shares of the financial services provider’s stock after selling 66,518 shares during the quarter. Capital One Financial accounts for approximately 1.4% of Newport Trust Company LLC’s portfolio, making the stock its 14th largest holding. Newport Trust Company LLC’s holdings in Capital One Financial were worth $601,783,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Capital One Financial by 44.4% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,131 shares of the financial services provider’s stock worth $1,486,000 after acquiring an additional 1,884 shares during the period. Global Retirement Partners LLC increased its stake in shares of Capital One Financial by 85.9% during the fourth quarter. Global Retirement Partners LLC now owns 21,216 shares of the financial services provider’s stock worth $5,142,000 after acquiring an additional 9,803 shares during the period. Trajan Wealth LLC acquired a new position in shares of Capital One Financial during the fourth quarter worth about $294,000. Cypress Capital LLC acquired a new position in shares of Capital One Financial during the fourth quarter worth about $243,000. Finally, Fi3 FINANCIAL ADVISORS LLC increased its stake in shares of Capital One Financial by 28.1% during the fourth quarter. Fi3 FINANCIAL ADVISORS LLC now owns 1,927 shares of the financial services provider’s stock worth $467,000 after acquiring an additional 423 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on COF shares. Rothschild & Co Redburn dropped 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 research note on Wednesday, April 29th. UBS Group lowered their target price on shares of Capital One Financial from $283.00 to $270.00 in a research report on Wednesday, May 6th. Evercore lowered their target price on shares of Capital One Financial from $265.00 to $222.00 and set an “outperform” rating on the stock in a research report on Monday, April 6th. Morgan Stanley lowered their target price on shares of Capital One Financial from $300.00 to $273.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Finally, Royal Bank Of Canada lowered their target price on shares of Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating on the stock in a research report on Friday, April 10th. Seventeen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.75.

Insiders Place Their Bets

In other news, insider Neal Blinde sold 38,135 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 33,551 shares in the company, valued at $6,391,801.01. This represents a 53.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lia Dean sold 1,692 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $185.61, for a total transaction of $314,052.12. Following the completion of the sale, the insider owned 65,454 shares in the company, valued at $12,148,916.94. This represents a 2.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 49,904 shares of company stock valued at $9,528,159. Corporate insiders own 0.78% of the company’s stock.

Capital One Financial Trading Down 0.3%

Shares of COF opened at $186.62 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. The firm’s 50-day moving average is $188.24 and its two-hundred day moving average is $210.64. Capital One Financial Corporation has a twelve month low of $174.98 and a twelve month high of $259.64. The firm has a market capitalization of $116.13 billion, a P/E ratio of 65.48, a PEG ratio of 0.68 and a beta of 1.05.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share 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 for the quarter, compared to analyst estimates of $15.68 billion. During the same quarter in the previous year, the company posted $4.06 earnings per share. The company’s quarterly revenue was up 52.3% compared to the same quarter last year. On average, research analysts predict that Capital One Financial Corporation will post 19.17 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th will be given a $0.80 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.7%. Capital One Financial’s dividend payout ratio is currently 112.28%.

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.