Aster Capital Management DIFC Ltd Sells 7,800 Shares of Capital One Financial Corporation $COF

Aster Capital Management DIFC Ltd reduced its position in shares of Capital One Financial Corporation (NYSE:COF) by 46.9% in the 4th quarter, HoldingsChannel reports. The firm owned 8,834 shares of the financial services provider’s stock after selling 7,800 shares during the period. Capital One Financial accounts for about 0.9% of Aster Capital Management DIFC Ltd’s investment portfolio, making the stock its 16th largest holding. Aster Capital Management DIFC Ltd’s holdings in Capital One Financial were worth $2,141,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Capital One Financial by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider’s stock valued at $13,789,615,000 after purchasing an additional 360,071 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Capital One Financial by 5.4% during the 4th quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider’s stock valued at $3,023,795,000 after purchasing an additional 638,158 shares during the last quarter. Morgan Stanley lifted its holdings in Capital One Financial by 3.9% during the 4th quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider’s stock valued at $2,103,196,000 after purchasing an additional 323,350 shares during the last quarter. Norges Bank bought a new position in Capital One Financial during the 4th quarter valued at about $2,089,803,000. Finally, Davis Selected Advisers lifted its holdings in Capital One Financial by 2.8% during the 4th quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider’s stock valued at $2,087,878,000 after purchasing an additional 234,649 shares during the last quarter. 89.84% of the stock is owned by institutional investors.

Capital One Financial Trading Up 5.3%

Shares of NYSE COF opened at $194.58 on Tuesday. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64. The company has a market cap of $121.08 billion, a PE ratio of 68.27, a P/E/G ratio of 0.66 and a beta of 1.03. 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 company has a 50-day moving average of $189.38 and a two-hundred day moving average of $207.20.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $15.68 billion. During the same period in the prior year, the firm posted $4.06 earnings per share. The company’s revenue was up 52.3% on a year-over-year basis. As a group, equities analysts expect that Capital One Financial Corporation will post 19.51 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were paid a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. Capital One Financial’s payout ratio is currently 112.28%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on COF shares. TD Cowen cut their price target on shares of Capital One Financial from $290.00 to $260.00 and set a “buy” rating for the company in a report on Tuesday, March 31st. Royal Bank Of Canada cut their price target on shares of 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. Evercore cut their price target on shares of Capital One Financial from $265.00 to $222.00 and set an “outperform” rating for the company in a report on Monday, April 6th. Barclays lifted their price target on shares of Capital One Financial from $226.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Finally, The Goldman Sachs Group cut their price target on shares of Capital One Financial from $300.00 to $260.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Seventeen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Capital One Financial presently has an average rating of “Moderate Buy” and an average price target of $258.75.

Insiders Place Their Bets

In related news, insider Celia Karam sold 1,749 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $192.58, for a total transaction of $336,822.42. Following the completion of the sale, the insider directly owned 61,579 shares of the company’s stock, valued at $11,858,883.82. The trade was a 2.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total transaction of $643,755.00. Following the sale, the general counsel directly owned 97,194 shares of the company’s stock, valued at approximately $17,876,892.42. This trade represents a 3.48% 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 three months, insiders sold 8,040 shares of company stock valued at $1,498,615. Insiders own 0.78% of the company’s stock.

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.