Capital One Financial Corp. (NYSE:COF) Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC cut its stake in Capital One Financial Corp. (NYSE:COF) by 26.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,630 shares of the financial services provider’s stock after selling 8,280 shares during the period. Wealthfront Advisers LLC’s holdings in Capital One Financial were worth $1,849,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Oregon Public Employees Retirement Fund increased its stake in shares of Capital One Financial by 7,526.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 11,906,861 shares of the financial services provider’s stock valued at $158,000 after purchasing an additional 11,750,732 shares in the last quarter. Norges Bank bought a new position in shares of Capital One Financial during the fourth quarter valued at approximately $305,543,000. Epoch Investment Partners Inc. increased its position in shares of Capital One Financial by 119.9% during the fourth quarter. Epoch Investment Partners Inc. now owns 1,658,839 shares of the financial services provider’s stock valued at $125,392,000 after acquiring an additional 904,336 shares in the last quarter. Millennium Management LLC increased its position in shares of Capital One Financial by 66.6% during the fourth quarter. Millennium Management LLC now owns 2,072,827 shares of the financial services provider’s stock valued at $156,685,000 after acquiring an additional 828,766 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Capital One Financial by 11.7% during the fourth quarter. Northern Trust Corp now owns 6,227,214 shares of the financial services provider’s stock valued at $470,714,000 after acquiring an additional 650,126 shares in the last quarter. Institutional investors and hedge funds own 88.72% of the company’s stock.

Shares of Capital One Financial stock traded down $0.71 on Wednesday, hitting $90.63. 47,705 shares of the company’s stock were exchanged, compared to its average volume of 2,384,258. The stock has a market capitalization of $42.60 billion, a PE ratio of 8.30, a P/E/G ratio of 0.90 and a beta of 1.27. Capital One Financial Corp. has a 1 year low of $69.90 and a 1 year high of $101.26. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.00 and a quick ratio of 0.99.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $2.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.68 by $0.22. The business had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.03 billion. Capital One Financial had a net margin of 18.47% and a return on equity of 10.95%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.62 EPS. As a group, research analysts anticipate that Capital One Financial Corp. will post 11.09 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Monday, May 13th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Friday, May 10th. Capital One Financial’s dividend payout ratio is presently 14.71%.

In related news, Director Bradford H. Warner sold 4,000 shares of Capital One Financial stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $85.98, for a total transaction of $343,920.00. Following the transaction, the director now owns 57,930 shares in the company, valued at approximately $4,980,821.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kleber Santos sold 2,928 shares of Capital One Financial stock in a transaction on Monday, March 18th. The shares were sold at an average price of $84.54, for a total transaction of $247,533.12. Following the transaction, the insider now owns 19,454 shares in the company, valued at approximately $1,644,641.16. The disclosure for this sale can be found here. Insiders have sold a total of 20,321 shares of company stock worth $1,796,823 in the last quarter. Corporate insiders own 1.43% of the company’s stock.

A number of research firms have commented on COF. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $98.00 target price on shares of Capital One Financial in a research report on Friday, May 3rd. Zacks Investment Research raised shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research report on Monday, April 1st. ValuEngine raised shares of Capital One Financial from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Finally, Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and lifted their target price for the stock from $95.00 to $115.00 in a research report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $104.35.

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Capital One Financial Profile

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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