Legal & General Group Plc Sells 157,854 Shares of Capital One Financial Corporation $COF

Legal & General Group Plc cut its stake in Capital One Financial Corporation (NYSE:COF) by 4.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,792,756 shares of the financial services provider’s stock after selling 157,854 shares during the quarter. Legal & General Group Plc owned about 0.60% of Capital One Financial worth $806,264,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of COF. Cortland Associates Inc. MO purchased a new position in shares of Capital One Financial during the third quarter valued at approximately $14,391,000. CIBC Asset Management Inc boosted its stake in Capital One Financial by 53.9% in the 2nd quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider’s stock worth $18,830,000 after purchasing an additional 30,991 shares in the last quarter. Meridian Wealth Management LLC grew its holdings in shares of 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 buying an additional 7,241 shares during the last quarter. Montecito Bank & Trust bought a new stake in shares of Capital One Financial during the third quarter valued at approximately $647,000. Finally, National Pension Service raised its holdings in Capital One Financial by 4.0% in the 3rd quarter. National Pension Service now owns 1,552,736 shares of the financial services provider’s stock worth $330,081,000 after acquiring an additional 59,100 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Trading Down 1.3%

NYSE:COF opened at $185.25 on Tuesday. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $259.64. The business has a fifty day moving average price of $220.67 and a 200-day moving average price of $222.02. The firm has a market capitalization of $115.21 billion, a price-to-earnings ratio of 62.58, a price-to-earnings-growth ratio of 0.56 and a beta of 1.14. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04.

Capital One Financial (NYSE:COF) last released its earnings results 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). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. During the same period in the previous year, the company earned $2.67 EPS. Capital One Financial’s revenue was up 53.3% on a year-over-year basis. Sell-side analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, February 19th. Capital One Financial’s payout ratio is presently 108.11%.

Insider Activity at Capital One Financial

In related news, insider Jason P. Hanson sold 3,729 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $205.00, for a total value of $764,445.00. Following the completion of the sale, the insider directly owned 40,230 shares of the company’s stock, valued at approximately $8,247,150. This represents a 8.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 stock was sold at an average price of $218.25, for a total transaction of $460,071.00. Following the sale, the insider owned 59,269 shares in the company, valued at approximately $12,935,459.25. The trade was a 3.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 67,933 shares of company stock worth $14,363,897 in the last quarter. 1.26% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on COF shares. HSBC lowered their price target on Capital One Financial from $234.00 to $226.00 and set a “hold” rating on the stock in a report on Tuesday, January 20th. JPMorgan Chase & Co. raised their target price on shares of Capital One Financial from $237.00 to $256.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. TD Cowen restated a “buy” rating on shares of Capital One Financial in a research note on Thursday, January 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on Capital One Financial from $263.00 to $256.00 and set a “hold” rating for the company in a research report on Friday, January 23rd. Finally, Zacks Research cut Capital One Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.