Capital One Financial Corporation $COF Shares Sold by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich lessened its position in shares of Capital One Financial Corporation (NYSE:COF) by 99.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 542 shares of the financial services provider’s stock after selling 95,925 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich’s holdings in Capital One Financial were worth $99,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in COF. Brighton Jones LLC raised its position in shares of Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock valued at $2,423,000 after acquiring an additional 10,428 shares in the last quarter. Intech Investment Management LLC boosted its holdings in Capital One Financial by 44.3% in the first quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider’s stock worth $1,608,000 after purchasing an additional 2,753 shares during the period. Sivia Capital Partners LLC increased its stake in Capital One Financial by 118.3% during the second quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider’s stock valued at $702,000 after purchasing an additional 1,788 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in Capital One Financial during the second quarter valued at $218,000. Finally, Jump Financial LLC acquired a new stake in shares of Capital One Financial during the second quarter worth $1,086,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on COF shares. UBS Group raised their price target on shares of Capital One Financial from $270.00 to $275.00 and gave the stock a “buy” rating in a research report on Tuesday. Bank of America lowered their price objective on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a research report on Thursday. Truist Financial dropped their price objective on shares of Capital One Financial from $275.00 to $255.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Morgan Stanley cut their target price on shares of Capital One Financial from $300.00 to $273.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Finally, JPMorgan Chase & Co. lifted their target price on Capital One Financial from $213.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Nineteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $258.41.

Capital One Financial Price Performance

NYSE COF opened at $199.85 on Friday. The company has a 50-day moving average price of $191.65 and a two-hundred day moving average price of $203.41. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The stock has a market cap of $124.36 billion, a price-to-earnings ratio of 70.12, a price-to-earnings-growth ratio of 0.69 and a beta of 1.02. 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 (NYSE:COF) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The business had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $15.68 billion. During the same period last year, the firm posted $4.06 EPS. The business’s quarterly revenue was up 52.3% on a year-over-year basis. Analysts forecast that Capital One Financial Corporation will post 19.5 EPS for the current year.

Capital One Financial Dividend Announcement

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

Insiders Place Their Bets

In other news, insider Celia Karam sold 1,749 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $192.58, for a total value of $336,822.42. Following the completion of the transaction, the insider owned 61,579 shares of the company’s stock, valued at approximately $11,858,883.82. This represents a 2.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 on Tuesday, July 7th. The shares were sold at an average price of $208.00, for a total value of $728,000.00. Following the transaction, the general counsel directly owned 90,194 shares in the company, valued at $18,760,352. This trade represents a 3.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 8,749 shares of company stock valued at $1,708,577 in the last quarter. 0.78% of the stock is currently owned by insiders.

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.