M&G PLC Sells 56,863 Shares of Capital One Financial Corporation $COF

M&G PLC cut its stake in Capital One Financial Corporation (NYSE:COF) by 32.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,783 shares of the financial services provider’s stock after selling 56,863 shares during the quarter. M&G PLC’s holdings in Capital One Financial were worth $22,732,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of COF. Krilogy Financial LLC lifted its holdings in Capital One Financial by 69.0% during the third quarter. Krilogy Financial LLC now owns 25,629 shares of the financial services provider’s stock worth $4,948,000 after acquiring an additional 10,464 shares in the last quarter. Sculptor Capital LP bought a new stake in shares of Capital One Financial in the first quarter worth about $33,932,000. Swiss National Bank increased its holdings in shares of Capital One Financial by 6.5% in the first quarter. Swiss National Bank now owns 1,865,716 shares of the financial services provider’s stock worth $340,363,000 after acquiring an additional 113,200 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Capital One Financial in the second quarter worth about $73,364,000. Finally, Levin Capital Strategies L.P. raised its position in shares of Capital One Financial by 3.3% during the first quarter. Levin Capital Strategies L.P. now owns 179,757 shares of the financial services provider’s stock worth $32,793,000 after purchasing an additional 5,707 shares during the period. 89.84% of the stock is owned by institutional investors.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Lia Dean sold 1,887 shares of Capital One Financial stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $195.86, for a total value of $369,587.82. Following the sale, the insider directly owned 59,308 shares in the company, valued at approximately $11,616,064.88. The trade was a 3.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew Cooper sold 3,500 shares of the business’s stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $196.22, for a total transaction of $686,770.00. Following the sale, the general counsel directly owned 79,694 shares in the company, valued at $15,637,556.68. This trade represents a 4.21% 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. In the last ninety days, insiders sold 202,145 shares of company stock worth $41,281,806. 0.78% of the stock is owned by insiders.

Capital One Financial Price Performance

Shares of COF opened at $198.63 on Tuesday. The stock has a market capitalization of $119.48 billion, a P/E ratio of 11.73, a P/E/G ratio of 0.94 and a beta of 1.10. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The company has a 50 day moving average of $203.26 and a 200-day moving average of $200.76. 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 (NYSE:COF) last announced its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $6.69 EPS for the quarter, topping analysts’ consensus estimates of $5.53 by $1.16. Capital One Financial had a net margin of 13.70% and a return on equity of 11.64%. The business had revenue of $16.31 billion for the quarter, compared to analyst estimates of $16.25 billion. During the same quarter in the previous year, the firm posted $5.95 earnings per share. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, equities research analysts forecast that Capital One Financial Corporation will post 21.53 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be given a $0.80 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. Capital One Financial’s dividend payout ratio (DPR) is 18.89%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on COF shares. Weiss Ratings upgraded Capital One Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, November 4th. BMO Capital Markets boosted their price objective on Capital One Financial from $219.00 to $225.00 and gave the company a “market perform” rating in a research report on Wednesday, October 21st. Citigroup increased their target price on Capital One Financial from $280.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, October 21st. TD Cowen raised their target price on shares of Capital One Financial from $242.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 21st. Finally, Wall Street Zen downgraded shares of Capital One Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Twenty equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $256.50.

Capital One Financial Company Profile