Los Angeles Capital Management LLC Sells 88,646 Shares of Capital One Financial Corporation $COF

Los Angeles Capital Management LLC cut its holdings in Capital One Financial Corporation (NYSE:COF) by 8.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 929,679 shares of the financial services provider’s stock after selling 88,646 shares during the period. Capital One Financial accounts for approximately 0.8% of Los Angeles Capital Management LLC’s portfolio, making the stock its 23rd biggest holding. Los Angeles Capital Management LLC’s holdings in Capital One Financial were worth $225,317,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. increased its stake in shares of Capital One Financial by 16.6% in the third quarter. Victory Capital Management Inc. now owns 378,450 shares of the financial services provider’s stock worth $80,451,000 after purchasing an additional 53,961 shares during the period. APG Asset Management N.V. grew its position in Capital One Financial by 12.9% during the third quarter. APG Asset Management N.V. now owns 416,935 shares of the financial services provider’s stock worth $88,632,000 after buying an additional 47,627 shares in the last quarter. Swiss Life Asset Management Ltd grew its position in Capital One Financial by 16.4% during the third quarter. Swiss Life Asset Management Ltd now owns 104,192 shares of the financial services provider’s stock worth $22,149,000 after buying an additional 14,700 shares in the last quarter. Waverton Investment Management Ltd grew its position in Capital One Financial by 1,390.9% during the third quarter. Waverton Investment Management Ltd now owns 1,181,834 shares of the financial services provider’s stock worth $251,323,000 after buying an additional 1,102,563 shares in the last quarter. Finally, Caprock Group LLC acquired a new stake in Capital One Financial during the third quarter worth about $7,798,000. 89.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group decreased their target price on Capital One Financial from $300.00 to $260.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Royal Bank Of Canada decreased their target price on Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating on the stock in a research report on Friday, April 10th. BTIG Research reissued a “buy” rating and set a $224.00 target price on shares of Capital One Financial in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. lifted their target price on Capital One Financial from $213.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a research report on Friday, March 27th. Seventeen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $258.75.

Capital One Financial Stock Down 1.4%

Shares of COF opened at $180.58 on Friday. The company has a market capitalization of $112.37 billion, a P/E ratio of 63.36, a PEG ratio of 0.66 and a beta of 1.03. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.03 and a quick ratio of 1.03. Capital One Financial Corporation has a one year low of $174.98 and a one year high of $259.64. The business’s 50 day simple moving average is $189.03 and its 200-day simple moving average is $208.10.

Capital One Financial (NYSE:COF) 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). The business had revenue of $15.23 billion during the quarter, compared to analyst estimates of $15.68 billion. Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The firm’s revenue was up 52.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.06 earnings per share. As a group, sell-side analysts predict that Capital One Financial Corporation will post 19.13 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, May 19th. Capital One Financial’s payout ratio is presently 112.28%.

Insider Transactions at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total value of $643,755.00. Following the transaction, the general counsel directly owned 97,194 shares of the company’s stock, valued at $17,876,892.42. The trade was a 3.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $192.58, for a total value of $336,822.42. Following the completion of the transaction, the insider directly owned 61,579 shares in the company, valued at $11,858,883.82. The trade was a 2.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 8,040 shares of company stock valued at $1,498,615 in the last three months. 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.