Capital One Financial Corporation $COF Shares Sold by Waverly Advisors LLC

Waverly Advisors LLC decreased its holdings in Capital One Financial Corporation (NYSE:COF) by 18.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,464 shares of the financial services provider’s stock after selling 2,531 shares during the quarter. Waverly Advisors LLC’s holdings in Capital One Financial were worth $2,091,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank purchased a new stake in Capital One Financial in the fourth quarter valued at approximately $2,089,803,000. Viking Global Investors LP increased its position in Capital One Financial by 30.3% during the third quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock worth $1,570,649,000 after purchasing an additional 1,717,148 shares during the last quarter. Bessemer Group Inc. raised its stake in Capital One Financial by 7,143.2% during the fourth quarter. Bessemer Group Inc. now owns 1,448,126 shares of the financial services provider’s stock worth $350,966,000 after purchasing an additional 1,428,133 shares during the period. AQR Capital Management LLC raised its stake in Capital One Financial by 64.9% during the fourth quarter. AQR Capital Management LLC now owns 3,366,692 shares of the financial services provider’s stock worth $815,951,000 after purchasing an additional 1,324,845 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of Capital One Financial by 61.8% in the 2nd quarter. Alliancebernstein L.P. now owns 1,969,661 shares of the financial services provider’s stock valued at $419,065,000 after purchasing an additional 752,461 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on COF. Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a research note on Wednesday, June 24th. JPMorgan Chase & Co. raised their price objective on Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Morgan Stanley reduced their price objective on Capital One Financial from $300.00 to $273.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. The Goldman Sachs Group decreased their target price on Capital One Financial from $300.00 to $260.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Finally, Rothschild & Co Redburn dropped 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 Wednesday, April 29th. Twenty analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus price target of $259.14.

Insider Activity at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $208.00, for a total transaction of $728,000.00. Following the sale, the general counsel 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Timothy P. Golden sold 3,487 shares of the business’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total transaction of $735,757.00. Following the transaction, the chief accounting officer directly owned 7,429 shares in the company, valued at approximately $1,567,519. The trade was a 31.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 10,487 shares of company stock worth $2,107,512 over the last three months. 0.78% of the stock is currently owned by corporate insiders.

Capital One Financial Stock Up 0.7%

Shares of NYSE COF opened at $210.18 on Friday. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64. The company has a market cap of $128.94 billion, a P/E ratio of 13.01, a P/E/G ratio of 0.77 and a beta of 1.02. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. The stock has a fifty day moving average price of $197.29 and a 200 day moving average price of $198.95.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The company had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. During the same quarter in the previous year, the firm posted $5.48 earnings per share. The firm’s quarterly revenue was up 26.9% on a year-over-year basis. Research analysts anticipate that Capital One Financial Corporation will post 20.19 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 annualized dividend and a yield of 1.5%. Capital One Financial’s payout ratio is 19.80%.

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.