Erste Asset Management GmbH Trims Stake in Capital One Financial Corporation $COF

Erste Asset Management GmbH cut its stake in shares of Capital One Financial Corporation (NYSE:COF) by 77.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,529 shares of the financial services provider’s stock after selling 12,415 shares during the quarter. Erste Asset Management GmbH’s holdings in Capital One Financial were worth $789,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Cortland Associates Inc. MO bought a new position in shares of Capital One Financial during the 3rd quarter valued at approximately $14,391,000. CIBC Asset Management Inc lifted its holdings in Capital One Financial by 53.9% during the second quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider’s stock valued at $18,830,000 after purchasing an additional 30,991 shares in the last quarter. Meridian Wealth Management LLC lifted its holdings in Capital One Financial by 334.8% during the third quarter. Meridian Wealth Management LLC now owns 9,404 shares of the financial services provider’s stock valued at $1,999,000 after purchasing an additional 7,241 shares in the last quarter. Montecito Bank & Trust bought a new position in shares of Capital One Financial in the third quarter worth approximately $647,000. Finally, National Pension Service increased its stake in shares of Capital One Financial by 4.0% in the third quarter. National Pension Service now owns 1,552,736 shares of the financial services provider’s stock worth $330,081,000 after purchasing an additional 59,100 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Trading Down 6.3%

Shares of COF opened at $195.26 on Monday. The stock has a market capitalization of $121.44 billion, a PE ratio of 65.97, a P/E/G ratio of 0.59 and a beta of 1.14. The company’s fifty day moving average is $227.35 and its 200 day moving average is $223.03. 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 Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $259.64.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.During the same quarter in the previous year, the firm earned $2.67 earnings per share. The company’s revenue for the quarter was up 53.3% compared to the same quarter last year. Sell-side analysts expect that Capital One Financial Corporation will post 15.65 earnings per share 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 given a $0.80 dividend. The ex-dividend date is Thursday, February 19th. This represents a $3.20 annualized dividend and a yield of 1.6%. Capital One Financial’s dividend payout ratio (DPR) is currently 108.11%.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Lia Dean sold 3,284 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total transaction of $734,565.12. Following the sale, the insider directly owned 70,162 shares in the company, valued at $15,693,836.16. This represents a 4.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Celia Karam sold 2,108 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $218.25, for a total value of $460,071.00. Following the completion of the sale, the insider directly owned 59,269 shares of the company’s stock, valued at $12,935,459.25. The trade was a 3.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 69,933 shares of company stock valued at $14,806,977 over the last ninety days. 1.26% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on COF shares. Zacks Research downgraded shares of Capital One Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Citigroup raised their price target on Capital One Financial from $290.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, December 31st. Wall Street Zen lowered Capital One Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Capital One Financial in a research report on Monday, December 29th. Finally, Morgan Stanley boosted their price target on Capital One Financial from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Capital One Financial presently has a consensus rating of “Moderate Buy” and an average price target of $274.70.

Capital One Financial Company 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.