Empyrean Capital Partners LP Sells 284,000 Shares of Capital One Financial Corporation $COF

Empyrean Capital Partners LP cut its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 64.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 160,000 shares of the financial services provider’s stock after selling 284,000 shares during the quarter. Empyrean Capital Partners LP’s holdings in Capital One Financial were worth $29,189,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. First Command Advisory Services Inc. lifted its holdings in Capital One Financial by 4.5% during the 4th quarter. First Command Advisory Services Inc. now owns 1,067 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 46 shares during the last quarter. Dogwood Wealth Management LLC increased its holdings in shares of Capital One Financial by 26.0% in the fourth quarter. Dogwood Wealth Management LLC now owns 228 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 47 shares during the last quarter. Pflug Koory LLC increased its holdings in shares of Capital One Financial by 1.6% in the fourth quarter. Pflug Koory LLC now owns 3,086 shares of the financial services provider’s stock valued at $748,000 after purchasing an additional 48 shares during the last quarter. High Note Wealth LLC raised its position in shares of Capital One Financial by 44.9% in the fourth quarter. High Note Wealth LLC now owns 155 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 48 shares during the period. Finally, Fiducient Advisors LLC raised its position in shares of Capital One Financial by 4.2% in the fourth quarter. Fiducient Advisors LLC now owns 1,196 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 48 shares during the period. Institutional investors own 89.84% of the company’s stock.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Celia Karam sold 1,749 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $192.58, for a total value of $336,822.42. Following the transaction, the insider directly owned 61,579 shares of the company’s stock, valued at $11,858,883.82. This trade represents a 2.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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, July 7th. The shares were sold at an average price of $208.00, for a total transaction of $728,000.00. Following the completion of the transaction, the general counsel owned 90,194 shares of the company’s stock, valued at $18,760,352. The trade was a 3.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 8,749 shares of company stock worth $1,708,577 over the last quarter. Corporate insiders own 0.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on COF shares. Argus reduced their target price on shares of Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. TD Cowen lowered their price target on shares of Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. JPMorgan Chase & Co. raised their price objective on shares of Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Royal Bank Of Canada cut their price objective on shares of Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating for the company in a research report on Friday, April 10th. Finally, Bank of America reduced their price objective on Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Twenty investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $259.82.

Capital One Financial Price Performance

Shares of NYSE COF opened at $206.86 on Tuesday. The business has a fifty day moving average price of $195.78 and a two-hundred day moving average price of $199.85. The stock has a market capitalization of $128.73 billion, a PE ratio of 12.80, a P/E/G ratio of 0.75 and a beta of 1.02. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The company had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. During the same period in the prior year, the firm posted $5.48 EPS. Capital One Financial’s quarterly revenue was up 26.9% on a year-over-year basis. As a group, equities analysts predict that Capital One Financial Corporation will post 20.13 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, May 19th. Capital One Financial’s dividend payout ratio is presently 19.80%.

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.