Westpac Banking Corp Reduces Stake in Capital One Financial Corporation $COF

Westpac Banking Corp decreased its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 18.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 34,999 shares of the financial services provider’s stock after selling 8,080 shares during the quarter. Westpac Banking Corp’s holdings in Capital One Financial were worth $7,440,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in COF. Roble Belko & Company Inc purchased a new position in shares of Capital One Financial in the 2nd quarter valued at $28,000. Howard Hughes Medical Institute acquired a new position in Capital One Financial in the second quarter valued at $29,000. Legacy Investment Solutions LLC purchased a new position in shares of Capital One Financial during the second quarter worth about $30,000. Creekmur Asset Management LLC acquired a new stake in shares of Capital One Financial during the second quarter worth about $32,000. Finally, WFA of San Diego LLC purchased a new stake in shares of Capital One Financial in the 2nd quarter valued at about $32,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Truist Financial cut their price target on Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. JPMorgan Chase & Co. raised their target price on shares of Capital One Financial from $237.00 to $256.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Keefe, Bruyette & Woods upped their price target on shares of Capital One Financial from $260.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, January 2nd. Citigroup increased their price target on shares of Capital One Financial from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, December 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Capital One Financial in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $274.70.

Capital One Financial Stock Performance

NYSE:COF opened at $205.77 on Thursday. The firm has a market cap of $127.98 billion, a price-to-earnings ratio of 69.52, a price-to-earnings-growth ratio of 0.58 and a beta of 1.14. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $259.64. The firm’s fifty day moving average price is $229.02 and its 200 day moving average price is $223.14.

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

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th will be given a $0.80 dividend. The ex-dividend date is Thursday, February 19th. This represents a $3.20 annualized dividend and a yield of 1.6%. Capital One Financial’s dividend payout ratio is presently 108.11%.

Insiders Place Their Bets

In other news, insider Lia Dean sold 3,284 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 70,162 shares of the company’s stock, valued at $15,693,836.16. This represents a 4.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Celia Karam sold 2,108 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $218.25, for a total transaction of $460,071.00. Following the completion of the sale, the insider owned 59,269 shares of the company’s stock, valued at $12,935,459.25. This trade represents a 3.43% decrease in their position. 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 in the last ninety days. 1.26% of the stock is owned by insiders.

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.