Boothbay Fund Management LLC Decreases Holdings in Capital One Financial Corporation $COF

Boothbay Fund Management LLC decreased its holdings in Capital One Financial Corporation (NYSE:COF) by 5.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,351 shares of the financial services provider’s stock after selling 3,065 shares during the period. Boothbay Fund Management LLC’s holdings in Capital One Financial were worth $10,704,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COF. Vanguard Group Inc. boosted its holdings in shares of Capital One Financial by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 56,537,167 shares of the financial services provider’s stock worth $12,018,671,000 after purchasing an additional 156,254 shares during the period. State Street Corp increased its position in shares of Capital One Financial by 63.4% during the 2nd quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock valued at $5,910,500,000 after purchasing an additional 10,776,843 shares during the last quarter. Franklin Resources Inc. raised its holdings in Capital One Financial by 12.8% during the 3rd quarter. Franklin Resources Inc. now owns 11,838,304 shares of the financial services provider’s stock valued at $2,516,587,000 after buying an additional 1,339,215 shares during the period. Capital Research Global Investors lifted its position in Capital One Financial by 3.7% in the third quarter. Capital Research Global Investors now owns 8,426,060 shares of the financial services provider’s stock worth $1,791,264,000 after buying an additional 302,733 shares during the last quarter. Finally, Norges Bank bought a new stake in Capital One Financial in the second quarter worth $1,701,511,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling at Capital One Financial

In related news, insider Lia Dean sold 3,284 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total value of $734,565.12. Following the completion of the sale, the insider owned 70,162 shares in the company, valued at approximately $15,693,836.16. The trade was a 4.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Celia Karam sold 2,108 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $218.25, for a total value of $460,071.00. Following the completion of the transaction, the insider directly owned 59,269 shares in the company, valued at approximately $12,935,459.25. This trade represents a 3.43% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 67,933 shares of company stock valued at $14,363,897. 1.26% of the stock is owned by corporate insiders.

Capital One Financial Stock Up 1.3%

Shares of COF opened at $179.76 on Friday. The firm has a fifty day moving average price of $215.61 and a 200-day moving average price of $220.86. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $111.80 billion, a P/E ratio of 60.73, a P/E/G ratio of 0.54 and a beta of 1.14. 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 posted its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.During the same quarter in the previous year, the company posted $2.67 earnings per share. The company’s revenue for the quarter was up 53.3% compared to the same quarter last year. Equities research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.8%. Capital One Financial’s dividend payout ratio (DPR) is 108.11%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Barclays cut their price objective on shares of Capital One Financial from $294.00 to $287.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $275.00 price target on shares of Capital One Financial in a research note on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Capital One Financial in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Capital One Financial from $263.00 to $256.00 and set a “hold” rating on the stock in a research report on Friday, January 23rd. Finally, Evercore decreased their price objective on shares of Capital One Financial from $290.00 to $265.00 and set an “outperform” rating for the company in a research note on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $274.70.

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.