Chevy Chase Trust Holdings LLC Lowers Position in Capital One Financial Corporation $COF

Key Points

• Chevy Chase Trust Holdings LLC reduced its stake in Capital One by 3.3%, selling 11,214 shares and ending the quarter with 329,419 shares worth about $70.03 million.
• Other major institutions added to positions—Vanguard, State Street, Franklin Resources and Capital Research increased holdings, and Norges Bank opened a new ~ $1.70 billion stake—leaving institutional investors owning roughly 89.84% of COF.
• Analysts give COF a Moderate Buy consensus with an average target of $274.70; the company missed quarterly EPS ($3.86 vs. $4.14) while revenue rose 53.3%, and it pays a $0.80 quarterly dividend (annualized $3.20, yield 1.8%, payout ratio 108.11%).

Chevy Chase Trust Holdings LLC decreased its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 3.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 329,419 shares of the financial services provider's stock after selling 11,214 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of Capital One Financial worth $70,028,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in 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 in the last quarter. State Street Corp boosted its holdings 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. grew its position in shares of Capital One Financial by 12.8% during the third quarter. Franklin Resources Inc. now owns 11,838,304 shares of the financial services provider's stock valued at $2,516,587,000 after purchasing an additional 1,339,215 shares in the last quarter. Capital Research Global Investors grew its position in shares of Capital One Financial by 3.7% during the third quarter. Capital Research Global Investors now owns 8,426,060 shares of the financial services provider's stock valued at $1,791,264,000 after purchasing an additional 302,733 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Capital One Financial in the second quarter worth about $1,701,511,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on COF shares. Morgan Stanley boosted their target price on Capital One Financial from $280.00 to $300.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft cut their price target on Capital One Financial from $263.00 to $256.00 and set a "hold" rating for the company in a report on Friday, January 23rd. TD Cowen reaffirmed a "buy" rating on shares of Capital One Financial in a report on Thursday, January 8th. Evercore lowered their target price on Capital One Financial from $290.00 to $265.00 and set an "outperform" rating for the company in a research report on Tuesday, January 27th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Capital One Financial in a report on Monday, December 29th. One research 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $274.70.

Insider Activity at Capital One Financial

In related news, insider Lia Dean sold 3,284 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total transaction of $734,565.12. Following the sale, the insider owned 70,162 shares in the company, valued at approximately $15,693,836.16. This represents a 4.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $250.00, for a total transaction of $500,000.00. Following the transaction, the general counsel directly owned 92,486 shares of the company's stock, valued at $23,121,500. The trade was a 2.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 67,933 shares of company stock worth $14,363,897 in the last ninety days. Corporate insiders own 1.26% of the company's stock.

Capital One Financial Stock Up 1.3%

Shares of NYSE:COF opened at $179.76 on Friday. The company has a market cap of $111.80 billion, a price-to-earnings ratio of 60.73, a PEG 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. 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 company has a 50-day moving average price of $215.61 and a 200 day moving average price of $220.86.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share 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 period in the prior year, the firm earned $2.67 EPS. The firm's revenue was up 53.3% compared to the same quarter last year. As a group, equities research analysts predict 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 annualized dividend and a dividend yield of 1.8%. Capital One Financial's payout ratio is currently 108.11%.

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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