Loews Corp Reduces Holdings in Capital One Financial Corporation $COF

Loews Corp reduced its position in Capital One Financial Corporation (NYSE:COF) by 50.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,000 shares of the financial services provider’s stock after selling 50,000 shares during the quarter. Capital One Financial comprises approximately 0.1% of Loews Corp’s investment portfolio, making the stock its 15th largest position. Loews Corp’s holdings in Capital One Financial were worth $10,629,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COF. Cortland Associates Inc. MO purchased a new position in shares of Capital One Financial in the third quarter worth about $14,391,000. CIBC Asset Management Inc grew its stake in Capital One Financial by 53.9% during the 2nd quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider’s stock valued at $18,830,000 after acquiring an additional 30,991 shares in the last quarter. Meridian Wealth Management LLC raised its holdings in Capital One Financial by 334.8% in the 3rd quarter. Meridian Wealth Management LLC now owns 9,404 shares of the financial services provider’s stock valued at $1,999,000 after acquiring an additional 7,241 shares during the last quarter. Montecito Bank & Trust acquired a new stake in Capital One Financial in the 3rd quarter valued at about $647,000. Finally, National Pension Service lifted its stake 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 purchasing an additional 59,100 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Up 0.4%

Shares of NYSE COF opened at $180.54 on Tuesday. The company has a market capitalization of $112.28 billion, a P/E ratio of 60.99, a P/E/G ratio of 0.54 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. The company has a 50 day simple moving average of $214.21 and a 200-day simple moving average of $220.50. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year 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 earnings per share for the quarter, missing the consensus estimate of $4.14 by ($0.28). The business had revenue of $15.62 billion during the quarter, compared to analysts’ expectations of $15.49 billion. Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The company’s revenue was up 53.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.67 earnings per share. On average, equities research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th were issued a dividend of $0.80 per share. The ex-dividend date was Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.8%. Capital One Financial’s dividend payout ratio is currently 108.11%.

Insider Buying and Selling at Capital One Financial

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 value of $3,362,500.00. Following the transaction, the insider owned 30,337 shares of the company’s stock, valued at $7,584,250. This represents a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Celia Karam sold 2,108 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $218.25, for a total transaction of $460,071.00. Following the transaction, the insider directly owned 59,269 shares of the company’s stock, valued at approximately $12,935,459.25. This trade represents a 3.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 67,933 shares of company stock worth $14,363,897. Insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. TD Cowen restated a “buy” rating on shares of Capital One Financial in a report on Thursday, January 8th. Wall Street Zen downgraded Capital One Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Truist Financial lowered their price objective on Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. BTIG Research dropped their target price 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. Finally, Evercore cut their target price on Capital One Financial from $290.00 to $265.00 and set an “outperform” rating for the company in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and a consensus price target of $275.95.

About Capital One Financial

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.