Capital One Financial Corporation $COF Shares Sold by Strs Ohio

Key Points

• Strs Ohio trimmed its stake in Capital One by 3% to 182,644 shares (worth $44.27M); institutional investors now own 89.84% of COF, with notable moves including PFA Pension's ~ $131.64M new stake and Davis Selected Advisers holding 8.614M shares (~$2.09B).
• Insiders sold 50,047 shares in the last quarter valued at $9.74M, including Jason P. Hanson (3,729 shares at $205) and Neal Blinde (38,135 shares at ~$190.51), substantially reducing their positions.
• Capital One missed quarterly estimates, reporting EPS of $4.42 vs. $5.08 expected and revenue of $15.23B vs. $15.68B expected; the stock has a market cap of ~$119.33B, a PE of 67.32, and a $0.80 quarterly dividend (1.7% yield) with a 112% payout ratio.

Strs Ohio reduced its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 182,644 shares of the financial services provider's stock after selling 5,736 shares during the quarter. Strs Ohio's holdings in Capital One Financial were worth $44,266,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Sandro Wealth Management LLC purchased a new stake in Capital One Financial in the 4th quarter valued at $314,000. Composition Wealth LLC grew its holdings in Capital One Financial by 83.6% in the 4th quarter. Composition Wealth LLC now owns 9,088 shares of the financial services provider's stock valued at $2,203,000 after buying an additional 4,139 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new stake in Capital One Financial in the 4th quarter valued at $131,638,000. Davis Selected Advisers grew its holdings in Capital One Financial by 2.8% in the 4th quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider's stock valued at $2,087,878,000 after buying an additional 234,649 shares in the last quarter. Finally, Whelan Financial grew its holdings in Capital One Financial by 11.9% in the 4th quarter. Whelan Financial now owns 7,025 shares of the financial services provider's stock valued at $1,703,000 after buying an additional 746 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Jason P. Hanson sold 3,729 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $205.00, for a total transaction of $764,445.00. Following the completion of the transaction, the insider directly owned 40,230 shares in the company, valued at approximately $8,247,150. This represents a 8.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Neal Blinde sold 38,135 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $190.51, for a total value of $7,265,098.85. Following the transaction, the insider directly owned 33,551 shares in the company, valued at approximately $6,391,801.01. The trade was a 53.20% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 50,047 shares of company stock valued at $9,742,217. 0.78% of the stock is owned by company insiders.

Capital One Financial Stock Performance

NYSE COF opened at $191.87 on Friday. The stock has a market cap of $119.33 billion, a PE ratio of 67.32, a P/E/G ratio of 0.70 and a beta of 1.05. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. Capital One Financial Corporation has a twelve month low of $174.98 and a twelve month high of $259.64. The stock has a fifty day simple moving average of $190.44 and a 200-day simple moving average of $213.45.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing analysts' consensus estimates of $5.08 by ($0.66). The business had revenue of $15.23 billion for the quarter, compared to analysts' expectations of $15.68 billion. Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The business's revenue for the quarter was up 52.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.06 earnings per share. Equities analysts anticipate that Capital One Financial Corporation will post 19.17 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th were issued a dividend of $0.80 per share. The ex-dividend date was Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.7%. Capital One Financial's dividend payout ratio is currently 112.28%.

Analysts Set New Price Targets

Several brokerages have issued reports on COF. Weiss Ratings restated a "hold (c)" rating on shares of Capital One Financial in a report on Friday, March 27th. JPMorgan Chase & Co. upped their target price on Capital One Financial from $213.00 to $215.00 and gave the company an "overweight" rating in a report on Wednesday, April 22nd. Morgan Stanley dropped their target price on Capital One Financial from $300.00 to $273.00 and set an "overweight" rating for the company in a report on Thursday, April 16th. Evercore dropped their target price on Capital One Financial from $265.00 to $222.00 and set an "outperform" rating for the company in a report on Monday, April 6th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $300.00 price target on shares of Capital One Financial in a report on Monday, March 16th. Eighteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, Capital One Financial has a consensus rating of "Moderate Buy" and an average price target of $258.14.

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.

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