National Pension Service Sells 61,129 Shares of Capital One Financial Corporation $COF

Key Points

• National Pension Service trimmed its Capital One stake by 3.9% in the fourth quarter, selling 61,129 shares and ending with about 1.49 million shares valued at roughly $361.5 million.
• Analysts remain generally positive on Capital One, with a consensus rating of “Moderate Buy” and an average price target of $258.75, even though some firms recently lowered their targets.
• Capital One missed quarterly earnings expectations, reporting $4.42 EPS versus the $5.08 estimate, while revenue came in at $15.23 billion; the company also declared a quarterly dividend of $0.80 per share.

National Pension Service decreased its stake in shares of Capital One Financial Corporation (NYSE:COF) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,491,607 shares of the financial services provider's stock after selling 61,129 shares during the period. National Pension Service owned approximately 0.23% of Capital One Financial worth $361,506,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Capital One Financial by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider's stock worth $13,789,615,000 after acquiring an additional 360,071 shares in the last quarter. Franklin Resources Inc. increased 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 worth $2,516,587,000 after acquiring an additional 1,339,215 shares in the last quarter. Davis Selected Advisers increased its position in shares of Capital One Financial by 2.8% during the fourth quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider's stock worth $2,087,878,000 after acquiring an additional 234,649 shares in the last quarter. Capital Research Global Investors increased 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 worth $1,791,264,000 after acquiring an additional 302,733 shares in the last quarter. Finally, Viking Global Investors LP increased its position in shares of Capital One Financial by 30.3% during the third quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider's stock worth $1,570,649,000 after acquiring an additional 1,717,148 shares in the last quarter. Institutional investors own 89.84% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Barclays increased their price objective on shares of Capital One Financial from $226.00 to $250.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 22nd. BTIG Research reissued a "buy" rating and set a $224.00 price objective on shares of Capital One Financial in a research report on Wednesday, April 22nd. Royal Bank Of Canada reduced their target price on shares of Capital One Financial from $275.00 to $235.00 and set a "sector perform" rating for the company in a report on Friday, April 10th. Argus reduced their target price on shares of Capital One Financial from $260.00 to $250.00 and set a "buy" rating for the company in a report on Thursday, April 23rd. Finally, Jefferies Financial Group restated a "buy" rating and set a $300.00 target price on shares of Capital One Financial in a report on Monday, March 16th. Seventeen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $258.75.

Capital One Financial Stock Performance

Shares of COF opened at $187.17 on Friday. Capital One Financial Corporation has a 12 month low of $174.98 and a 12 month high of $259.64. The firm has a fifty day simple moving average of $188.95 and a 200 day simple moving average of $209.51. The stock has a market capitalization of $116.47 billion, a price-to-earnings ratio of 65.67, a PEG ratio of 0.69 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 (NYSE:COF - Get Free Report) last announced its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing the consensus estimate of $5.08 by ($0.66). Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The business had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.68 billion. During the same quarter in the previous year, the company posted $4.06 EPS. The business's revenue for the quarter was up 52.3% compared to the same quarter last year. Research analysts forecast that Capital One Financial Corporation will post 19.14 EPS for the current fiscal year.

Capital One Financial Announces Dividend

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

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Lia Dean sold 1,692 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $185.61, for a total value of $314,052.12. Following the completion of the sale, the insider owned 65,454 shares in the company, valued at $12,148,916.94. This trade represents a 2.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $192.58, for a total transaction of $336,822.42. Following the completion of the sale, the insider owned 61,579 shares of the company's stock, valued at approximately $11,858,883.82. This represents a 2.76% 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 worth $1,498,615 over the last quarter. 0.78% of the stock is currently owned by 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.

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