Phoenix Financial Ltd. Sells 18,667 Shares of Capital One Financial Corporation $COF

Phoenix Financial Ltd. lessened its holdings in Capital One Financial Corporation (NYSE:COF) by 38.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,330 shares of the financial services provider’s stock after selling 18,667 shares during the quarter. Phoenix Financial Ltd.’s holdings in Capital One Financial were worth $6,235,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Capital One Financial by 74.8% in the 2nd quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock worth $11,995,603,000 after acquiring an additional 24,129,990 shares in the last quarter. State Street Corp grew its stake in Capital One Financial by 63.4% during the second quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock worth $5,910,500,000 after purchasing an additional 10,776,843 shares during the period. Norges Bank acquired a new stake in Capital One Financial during the second quarter worth approximately $1,701,511,000. Geode Capital Management LLC increased its holdings in Capital One Financial by 64.1% in the second quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock worth $2,970,628,000 after purchasing an additional 5,474,328 shares in the last quarter. Finally, Boston Partners acquired a new position in Capital One Financial in the second quarter valued at approximately $534,777,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Capital One Financial news, insider Frank G. LapradeIii sold 17,840 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $222.03, for a total transaction of $3,961,015.20. Following the transaction, the insider directly owned 48,315 shares in the company, valued at approximately $10,727,379.45. This trade represents a 26.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Celia Karam sold 2,064 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $244.35, for a total transaction of $504,338.40. Following the completion of the sale, the insider owned 61,373 shares of the company’s stock, valued at approximately $14,996,492.55. The trade was a 3.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 195,409 shares of company stock worth $43,756,821 in the last three months. 1.26% of the stock is owned by corporate insiders.

Capital One Financial Trading Up 1.3%

COF opened at $220.21 on Tuesday. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $259.64. The firm has a market capitalization of $139.99 billion, a PE ratio of 74.39, a P/E/G ratio of 0.49 and a beta of 1.13. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04. The company’s 50-day moving average is $233.60 and its 200 day moving average is $223.40.

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

Capital One Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.5%. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date was Monday, November 17th. Capital One Financial’s dividend payout ratio is currently 108.11%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Capital One Financial in a report on Monday, December 29th. Morgan Stanley increased their target price on shares of Capital One Financial from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $300.00 price target on shares of Capital One Financial in a research note on Tuesday, January 6th. UBS Group cut their price objective on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Capital One Financial from $263.00 to $256.00 and set a “hold” rating for the company in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $275.95.

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.