Geode Capital Management LLC Sells 31,910 Shares of Capital One Financial Corporation $COF

Key Points

• Geode Capital Management trimmed its Capital One Financial stake by 0.2% in the fourth quarter, selling 31,910 shares but still holding about 14.07 million shares valued at roughly $3.4 billion.
• Capital One’s latest quarterly results missed Wall Street expectations, with EPS of $4.42 versus the $5.08 estimate and revenue of $15.23 billion versus $15.68 billion expected. Despite the miss, revenue jumped 52.3% from a year earlier.
• Analysts remain generally positive: the stock carries a Moderate Buy consensus with an average price target of $258.75, even as some firms cut their targets. Capital One also announced a quarterly dividend of $0.80 per share, payable June 1.

Geode Capital Management LLC lessened its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,070,236 shares of the financial services provider's stock after selling 31,910 shares during the quarter. Geode Capital Management LLC owned approximately 2.21% of Capital One Financial worth $3,402,023,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of COF. Knights of Columbus Asset Advisors LLC raised its holdings in Capital One Financial by 157.8% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 36,066 shares of the financial services provider's stock worth $8,741,000 after buying an additional 22,074 shares during the period. Expressive Wealth LLC acquired a new stake in Capital One Financial during the 4th quarter worth approximately $358,000. TrustBank acquired a new stake in Capital One Financial during the 4th quarter worth approximately $67,000. Flputnam Investment Management Co. raised its holdings in Capital One Financial by 5.5% during the 4th quarter. Flputnam Investment Management Co. now owns 44,150 shares of the financial services provider's stock worth $10,700,000 after buying an additional 2,286 shares during the period. Finally, Integrity Alliance LLC. raised its holdings in Capital One Financial by 66.4% during the 4th quarter. Integrity Alliance LLC. now owns 1,727 shares of the financial services provider's stock worth $419,000 after buying an additional 689 shares during the period. Institutional investors own 89.84% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Truist Financial dropped their target price on shares of Capital One Financial from $275.00 to $255.00 and set a "buy" rating on the stock in a report on Thursday, April 23rd. Evercore lowered their price objective on shares of Capital One Financial from $265.00 to $222.00 and set an "outperform" rating on the stock in a report on Monday, April 6th. JPMorgan Chase & Co. lifted their price objective on shares of Capital One Financial from $213.00 to $215.00 and gave the company an "overweight" rating in a report on Wednesday, April 22nd. Wells Fargo & Company lowered their price objective on shares of Capital One Financial from $280.00 to $260.00 and set an "overweight" rating on the stock in a report on Thursday, April 9th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Capital One Financial from $256.00 to $250.00 and set a "hold" rating on the stock in a report on Wednesday, April 22nd. Seventeen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $258.75.

Capital One Financial Trading Up 1.4%

COF stock opened at $189.03 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.03 and a quick ratio of 1.03. The company has a fifty day moving average price of $188.87 and a two-hundred day moving average price of $209.73. Capital One Financial Corporation has a one year low of $174.98 and a one year high of $259.64. The stock has a market cap of $117.63 billion, a price-to-earnings ratio of 66.33, a price-to-earnings-growth ratio of 0.68 and a beta of 1.05.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing analysts' consensus estimates of $5.08 by ($0.66). The company had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $15.68 billion. Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The company's revenue for the quarter was up 52.3% compared to the same quarter last year. During the same period last year, the firm earned $4.06 earnings per share. Equities analysts anticipate that Capital One Financial Corporation will post 19.14 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 19th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, May 19th. Capital One Financial's payout ratio is 112.28%.

Insider Activity at Capital One Financial

In related news, insider Lia Dean sold 1,692 shares of the business's 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the business's stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $183.93, for a total value of $643,755.00. Following the completion of the transaction, the general counsel directly owned 97,194 shares of the company's stock, valued at approximately $17,876,892.42. This trade represents a 3.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,040 shares of company stock valued at $1,498,615 over the last quarter. 0.78% of the stock is owned by corporate insiders.

Capital One Financial Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.