Sound Shore Management Inc CT Has $113.39 Million Stock Position in Capital One Financial Corporation $COF

Sound Shore Management Inc CT trimmed its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 11.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 532,945 shares of the financial services provider’s stock after selling 67,195 shares during the quarter. Capital One Financial accounts for approximately 3.9% of Sound Shore Management Inc CT’s investment portfolio, making the stock its 2nd largest holding. Sound Shore Management Inc CT owned approximately 0.14% of Capital One Financial worth $113,389,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in COF. WPG Advisers LLC purchased a new position in shares of Capital One Financial during the first quarter valued at $25,000. Moisand Fitzgerald Tamayo LLC increased its stake in shares of Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after buying an additional 62 shares during the period. Olistico Wealth LLC increased its stake in shares of Capital One Financial by 439.1% during the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after buying an additional 101 shares during the period. Saudi Central Bank purchased a new position in shares of Capital One Financial during the first quarter valued at $27,000. Finally, RMG Wealth Management LLC purchased a new position in shares of Capital One Financial during the second quarter valued at $27,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Transactions at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the business’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total transaction of $423,980.00. Following the sale, the general counsel owned 98,486 shares in the company, valued at approximately $20,878,047.14. The trade was a 1.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard D. Fairbank sold 103,486 shares of the business’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $225.68, for a total value of $23,354,720.48. Following the sale, the chief executive officer owned 4,051,228 shares in the company, valued at $914,281,135.04. The trade was a 2.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 111,155 shares of company stock worth $24,998,080. Insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on COF shares. Wall Street Zen upgraded Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Robert W. Baird raised their price target on Capital One Financial from $245.00 to $270.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Wolfe Research raised their price target on Capital One Financial from $260.00 to $262.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. The Goldman Sachs Group lifted their target price on Capital One Financial from $266.00 to $276.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Finally, Truist Financial lifted their target price on Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Four research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $261.63.

Capital One Financial Price Performance

COF opened at $221.45 on Thursday. The business’s 50-day moving average is $219.68 and its two-hundred day moving average is $209.01. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $141.62 billion, a PE ratio of 93.44, a price-to-earnings-growth ratio of 0.70 and a beta of 1.18.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share for the quarter, topping analysts’ consensus estimates of $4.25 by $1.70. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The business had revenue of $15.36 billion for the quarter, compared to analyst estimates of $15.06 billion. During the same quarter in the previous year, the firm earned $4.51 earnings per share. The company’s revenue was up 53.4% on a year-over-year basis. Research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be paid a dividend of $0.80 per share. The ex-dividend date is Monday, November 17th. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.4%. Capital One Financial’s payout ratio is presently 101.27%.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.