Forum Financial Management LP Sells 10,107 Shares of Capital One Financial Corporation $COF

Forum Financial Management LP trimmed its holdings in Capital One Financial Corporation (NYSE:COF) by 60.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 6,509 shares of the financial services provider’s stock after selling 10,107 shares during the period. Forum Financial Management LP’s holdings in Capital One Financial were worth $1,188,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Evolution Wealth Management Inc. boosted its holdings in shares of Capital One Financial by 529.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 90 shares during the last quarter. VSM Wealth Advisory LLC bought a new position in Capital One Financial during the fourth quarter valued at approximately $27,000. Cherry Tree Wealth Management LLC boosted its holdings in Capital One Financial by 1,312.5% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 105 shares during the last quarter. Strive Asset Management LLC bought a new stake in Capital One Financial in the 3rd quarter worth approximately $28,000. Finally, Osterweis Capital Management Inc. purchased a new stake in Capital One Financial during the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Down 0.9%

COF opened at $202.07 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64. The company has a market capitalization of $125.74 billion, a PE ratio of 70.90, a PEG ratio of 0.73 and a beta of 1.03. The firm’s 50 day simple moving average is $191.11 and its two-hundred day simple moving average is $205.58.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). The business had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $15.68 billion. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The company’s revenue was up 52.3% on a year-over-year basis. During the same period in the previous year, the firm earned $4.06 EPS. As a group, equities analysts forecast that Capital One Financial Corporation will post 19.51 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, May 19th. Capital One Financial’s payout ratio is currently 112.28%.

Analysts Set New Price Targets

COF has been the topic of several research analyst reports. Morgan Stanley lowered their price target on Capital One Financial from $300.00 to $273.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Capital One Financial in a report on Wednesday, June 24th. JPMorgan Chase & Co. upped their price objective on Capital One Financial from $213.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. BTIG Research reissued a “buy” rating and issued a $224.00 target price on shares of Capital One Financial in a report on Wednesday, April 22nd. Finally, Wells Fargo & Company dropped their target price on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Eighteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $258.52.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Lia Dean sold 1,692 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $185.61, for a total value of $314,052.12. Following the completion of the sale, the insider owned 65,454 shares in the company, valued at $12,148,916.94. This represents a 2.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total value of $643,755.00. Following the completion of the transaction, the general counsel directly owned 97,194 shares in the company, valued at $17,876,892.42. This trade represents a 3.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 8,040 shares of company stock valued at $1,498,615. Company insiders own 0.78% of the company’s stock.

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.