Ruane Cunniff & Goldfarb L.P. Sells 30,101 Shares of Capital One Financial Corporation $COF

Ruane Cunniff & Goldfarb L.P. lessened its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,068,023 shares of the financial services provider’s stock after selling 30,101 shares during the quarter. Capital One Financial accounts for approximately 7.8% of Ruane Cunniff & Goldfarb L.P.’s holdings, making the stock its 4th largest holding. Ruane Cunniff & Goldfarb L.P.’s holdings in Capital One Financial were worth $501,206,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Evolution Wealth Management Inc. raised its stake in shares of Capital One Financial by 529.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 90 shares during the period. VSM Wealth Advisory LLC acquired a new stake in shares of Capital One Financial in the 4th quarter valued at about $27,000. Cherry Tree Wealth Management LLC raised its stake in shares of Capital One Financial by 1,312.5% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 105 shares during the period. Strive Asset Management LLC acquired a new stake in shares of Capital One Financial in the 3rd quarter valued at about $28,000. Finally, Olistico Wealth LLC acquired a new stake in shares of Capital One Financial in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Activity

In other news, insider Celia Karam sold 1,749 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $192.58, for a total value of $336,822.42. Following the completion of the transaction, the insider owned 61,579 shares in the company, valued at $11,858,883.82. This trade represents a 2.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 1,692 shares of Capital One Financial stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $185.61, for a total value of $314,052.12. Following the transaction, the insider owned 65,454 shares of the company’s stock, valued at $12,148,916.94. The trade was a 2.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 8,040 shares of company stock worth $1,498,615 in the last quarter. Corporate insiders own 0.78% of the company’s stock.

Capital One Financial Price Performance

Shares of NYSE COF opened at $184.44 on Friday. The stock has a market capitalization of $114.78 billion, a price-to-earnings ratio of 64.72, a PEG ratio of 0.65 and a beta of 1.03. The business has a 50-day moving average of $189.13 and a 200-day moving average of $207.36. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.03 and a quick ratio of 1.03. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing the consensus estimate of $5.08 by ($0.66). The company had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $15.68 billion. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. Capital One Financial’s revenue was up 52.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.06 EPS. As a group, sell-side analysts predict that Capital One Financial Corporation will post 19.51 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were issued a $0.80 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.7%. Capital One Financial’s dividend payout ratio (DPR) is presently 112.28%.

Analysts Set New Price Targets

Several research firms have issued reports on COF. Wells Fargo & Company dropped their price target on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Royal Bank Of Canada dropped their price target on Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating on the stock in a research note on Friday, April 10th. Argus dropped their price target on Capital One Financial from $260.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a research note on Friday, March 27th. Finally, UBS Group dropped their price target on Capital One Financial from $283.00 to $270.00 in a research note on Wednesday, May 6th. Seventeen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $258.75.

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.