Capital One Financial Corporation $COF Stock Sold by Machina Capital S.A.S.

Machina Capital S.A.S. cut its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 51.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,841 shares of the financial services provider’s stock after selling 9,185 shares during the period. Machina Capital S.A.S.’s holdings in Capital One Financial were worth $1,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in COF. State Street Corp raised its stake in shares of Capital One Financial by 107.9% during the 2nd quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock valued at $11,491,259,000 after buying an additional 29,724,829 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Capital One Financial by 0.5% in the second quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock worth $10,242,628,000 after buying an additional 236,643 shares during the last quarter. Bank of America Corp DE acquired a new stake in Capital One Financial during the second quarter worth about $1,435,311,000. Wellington Management Group LLP grew its holdings in Capital One Financial by 36.2% during the second quarter. Wellington Management Group LLP now owns 7,108,112 shares of the financial services provider’s stock worth $1,426,029,000 after acquiring an additional 1,887,497 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Capital One Financial by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 5,621,240 shares of the financial services provider’s stock worth $1,127,733,000 after acquiring an additional 187,532 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on COF shares. Evercore reissued an “outperform” rating and issued a $230.00 price target on shares of Capital One Financial in a report on Tuesday, October 27th. BMO Capital Markets upped their price objective on Capital One Financial from $219.00 to $225.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 21st. Barclays raised their price objective on shares of Capital One Financial from $237.00 to $238.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 21st. Piper Sandler lifted their target price on shares of Capital One Financial from $260.00 to $269.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. Finally, Morgan Stanley decreased their target price on shares of Capital One Financial from $273.00 to $267.00 and set an “overweight” rating for the company in a research note on Monday, October 12th. Twenty analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and an average price target of $256.50.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Lia Dean sold 1,887 shares of the stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $195.86, for a total transaction of $369,587.82. Following the transaction, the insider directly owned 59,308 shares of the company’s stock, valued at $11,616,064.88. This trade represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,927 shares of the stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $195.86, for a total transaction of $377,422.22. Following the transaction, the insider directly owned 55,774 shares in the company, valued at approximately $10,923,895.64. The trade was a 3.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 202,145 shares of company stock worth $41,281,806 in the last ninety days. Company insiders own 0.78% of the company’s stock.

Capital One Financial Price Performance

Shares of Capital One Financial stock opened at $193.66 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.45. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The business has a 50-day moving average price of $202.14 and a 200 day moving average price of $200.33. The firm has a market cap of $116.49 billion, a PE ratio of 11.43, a P/E/G ratio of 0.90 and a beta of 1.10.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share for the quarter, topping analysts’ consensus estimates of $5.53 by $1.16. Capital One Financial had a return on equity of 11.64% and a net margin of 13.70%. The company had revenue of $16.31 billion during the quarter, compared to analysts’ expectations of $16.25 billion. During the same quarter in the prior year, the firm posted $5.95 EPS. Capital One Financial’s quarterly revenue was up 6.4% compared to the same quarter last year. Sell-side analysts predict that Capital One Financial Corporation will post 21.53 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be given a dividend of $0.80 per share. The ex-dividend date is Monday, November 16th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.7%. Capital One Financial’s dividend payout ratio (DPR) is 18.89%.

Capital One Financial Profile

Capital One Financial Corporation is a bank holding company that provides credit cards, consumer banking, auto financing and commercial banking services. Its offerings include credit cards, deposit accounts, loans and financial services for businesses. The company traces its roots to a credit card business established within Signet Banking Corporation in 1988 and became an independent company in 1994. Capital One is headquartered in McLean, Virginia, and serves customers primarily in the United States, with credit card operations also in the United Kingdom.