Shell Asset Management Co. Has $2.90 Million Position in Capital One Financial Corporation $COF

Shell Asset Management Co. lessened its holdings in Capital One Financial Corporation (NYSE:COF) by 69.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,659 shares of the financial services provider’s stock after selling 30,675 shares during the period. Shell Asset Management Co.’s holdings in Capital One Financial were worth $2,904,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of COF. Brighton Jones LLC boosted its holdings 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 worth $2,423,000 after buying an additional 10,428 shares during the period. Intech Investment Management LLC lifted its position in Capital One Financial by 44.3% during the first quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider’s stock worth $1,608,000 after acquiring an additional 2,753 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of 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 worth $702,000 after acquiring an additional 1,788 shares during the period. NORTHSTAR ASSET MANAGEMENT Co acquired a new position in shares of Capital One Financial in the second quarter valued at approximately $271,000. Finally, Mutual Advisors LLC increased its stake in shares of Capital One Financial by 79.6% during the second quarter. Mutual Advisors LLC now owns 2,116 shares of the financial services provider’s stock worth $450,000 after purchasing an additional 938 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on COF. Robert W. Baird boosted their price target on Capital One Financial from $245.00 to $270.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Truist Financial reduced their target price on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research report on Monday, January 26th. HSBC decreased their price target on shares of Capital One Financial from $234.00 to $226.00 and set a “hold” rating on the stock in a research note on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Capital One Financial from $263.00 to $256.00 and set a “hold” rating for the company in a report on Friday, January 23rd. Finally, BTIG Research decreased their target price on shares of Capital One Financial from $308.00 to $270.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $274.70.

Insiders Place Their Bets

In other news, insider Ravi Raghu sold 13,450 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider directly owned 30,337 shares in the company, valued at approximately $7,584,250. This trade represents a 30.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Lia Dean sold 3,284 shares of Capital One Financial stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $223.68, for a total transaction of $734,565.12. Following the sale, the insider directly owned 70,162 shares in the company, valued at $15,693,836.16. This trade represents a 4.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 34,274 shares of company stock worth $8,131,054 over the last 90 days. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Price Performance

COF stock opened at $207.60 on Friday. The company’s 50-day moving average price is $234.33 and its two-hundred day moving average price is $223.55. The firm has a market cap of $131.98 billion, a P/E ratio of 70.14, a P/E/G ratio of 0.61 and a beta of 1.14. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $259.64.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). The firm had revenue of $15.62 billion for the quarter, compared to the consensus estimate of $15.49 billion. Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The business’s revenue was up 53.3% on a year-over-year basis. During the same period last year, the company posted $2.67 EPS. On average, analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th will be paid a $0.80 dividend. The ex-dividend date is Thursday, February 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is presently 108.11%.

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.