Sound Shore Management Inc CT Sells 75,659 Shares of Capital One Financial Corporation $COF

Sound Shore Management Inc CT cut its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 14.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 457,286 shares of the financial services provider’s stock after selling 75,659 shares during the period. Capital One Financial makes up about 3.2% of Sound Shore Management Inc CT’s investment portfolio, making the stock its 4th largest holding. Sound Shore Management Inc CT owned about 0.07% of Capital One Financial worth $97,210,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in COF. Vanguard Group Inc. grew its stake in shares of Capital One Financial by 74.8% in the second 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 grew its position in Capital One Financial by 63.4% in the 2nd quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock valued at $5,910,500,000 after buying an additional 10,776,843 shares in the last quarter. Norges Bank bought a new position in Capital One Financial in the 2nd quarter valued at about $1,701,511,000. Geode Capital Management LLC increased its stake in Capital One Financial by 64.1% during the 2nd quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock valued at $2,970,628,000 after buying an additional 5,474,328 shares during the period. Finally, Boston Partners bought a new stake in shares of Capital One Financial during the 2nd quarter worth about $534,777,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Capital One Financial news, insider Ravi Raghu sold 13,450 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $250.00, for a total transaction of $3,362,500.00. Following the completion of the sale, the insider directly owned 30,337 shares of the company’s stock, valued at approximately $7,584,250. This represents a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $250.00, for a total transaction of $500,000.00. Following the completion of the transaction, the general counsel directly owned 92,486 shares in the company, valued at approximately $23,121,500. This trade represents a 2.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 34,274 shares of company stock worth $8,131,054 in the last quarter. 1.26% of the stock is currently owned by corporate insiders.

Capital One Financial Trading Down 2.4%

Capital One Financial stock opened at $214.64 on Thursday. The firm has a market cap of $136.45 billion, a price-to-earnings ratio of 72.51, a price-to-earnings-growth ratio of 0.65 and a beta of 1.14. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $259.64. The firm’s 50 day moving average price is $235.26 and its two-hundred day moving average price is $223.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing the consensus estimate of $4.14 by ($0.28). The company had revenue of $15.62 billion for the quarter, compared to the consensus estimate of $15.49 billion. Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The business’s revenue was up 53.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.67 earnings per share. On average, research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 19th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is currently 108.11%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on COF shares. Jefferies Financial Group upped their price target on shares of Capital One Financial from $265.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Wells Fargo & Company upped their target price on Capital One Financial from $265.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Truist Financial decreased their price target on Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research note on Monday, January 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Capital One Financial in a research report on Monday, December 29th. Finally, BTIG Research cut their price objective on Capital One Financial from $308.00 to $270.00 and set a “buy” rating for the company in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Capital One Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $274.70.

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.