Sound Shore Management Inc. CT Lowers Stock Holdings in Capital One Financial Corporation (NYSE:COF)

Sound Shore Management Inc. CT cut its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 15.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 600,140 shares of the financial services provider's stock after selling 111,148 shares during the quarter. Capital One Financial accounts for 3.8% of Sound Shore Management Inc. CT's portfolio, making the stock its 2nd largest position. Sound Shore Management Inc. CT owned about 0.16% of Capital One Financial worth $107,605,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Beacon Capital Management LLC boosted its stake in shares of Capital One Financial by 118.3% during the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after acquiring an additional 97 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of Capital One Financial during the 4th quarter worth $41,000. Bogart Wealth LLC boosted its stake in shares of Capital One Financial by 1,518.8% during the 1st quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock worth $46,000 after acquiring an additional 243 shares in the last quarter. Rossby Financial LCC bought a new stake in shares of Capital One Financial during the 1st quarter worth $48,000. Finally, Bernard Wealth Management Corp. bought a new stake in shares of Capital One Financial during the 1st quarter worth $54,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Capital One Financial

In other news, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $199.40, for a total value of $1,906,264.00. Following the transaction, the insider directly owned 20,089 shares in the company, valued at approximately $4,005,746.60. The trade was a 32.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ann F. Hackett sold 1,658 shares of Capital One Financial stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the completion of the transaction, the director owned 56,244 shares in the company, valued at $11,175,682.80. The trade was a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,332 shares of company stock worth $4,540,285. Company insiders own 1.26% of the company's stock.

Capital One Financial Stock Up 0.6%

Shares of NYSE:COF traded up $1.28 on Friday, reaching $212.61. The company had a trading volume of 4,501,689 shares, compared to its average volume of 3,771,397. Capital One Financial Corporation has a twelve month low of $128.23 and a twelve month high of $232.45. The stock has a 50-day moving average price of $204.67 and a 200 day moving average price of $191.47. The stock has a market capitalization of $81.46 billion, a P/E ratio of 109.03, a P/E/G ratio of 0.85 and a beta of 1.15. The company has a quick ratio of 0.97, a current ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. During the same period in the prior year, the firm earned $3.14 EPS. Capital One Financial's quarterly revenue was up 31.4% on a year-over-year basis. On average, equities analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.13%. Capital One Financial's payout ratio is presently 123.08%.

Analyst Ratings Changes

COF has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday. Keefe, Bruyette & Woods raised their target price on Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research report on Wednesday. TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and raised their target price for the stock from $184.00 to $258.00 in a research report on Tuesday, July 8th. Barclays reaffirmed an "overweight" rating and issued a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Finally, Bank of America raised their target price on Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Capital One Financial has a consensus rating of "Moderate Buy" and a consensus price target of $233.07.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.