Eurizon Capital SGR S.p.A. Sells 584,715 Shares of Capital One Financial Corporation $COF

Eurizon Capital SGR S.p.A. lessened its holdings in Capital One Financial Corporation (NYSE:COF) by 62.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 346,578 shares of the financial services provider’s stock after selling 584,715 shares during the quarter. Eurizon Capital SGR S.p.A.’s holdings in Capital One Financial were worth $67,206,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of COF. Compass Wealth Management LLC purchased a new position in Capital One Financial during the third quarter valued at approximately $25,000. Torren Management LLC lifted its holdings in Capital One Financial by 114.8% during the third quarter. Torren Management LLC now owns 131 shares of the financial services provider’s stock worth $25,000 after buying an additional 70 shares during the period. Solstein Capital LLC purchased a new stake in Capital One Financial during the second quarter worth $26,000. Ballast Advisors LLC purchased a new stake in Capital One Financial during the first quarter worth $27,000. Finally, Gilpin Wealth Management LLC bought a new stake in Capital One Financial during the 3rd quarter valued at $27,000. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Trading Down 1.8%

NYSE COF opened at $193.66 on Friday. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The company has a 50 day moving average price of $202.14 and a 200 day moving average price of $200.33. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.45. The firm has a market cap of $116.49 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 0.90 and a beta of 1.10.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share for the quarter, beating the consensus estimate of $5.53 by $1.16. Capital One Financial had a net margin of 13.70% and a return on equity of 11.64%. The company had revenue of $16.31 billion during the quarter, compared to the consensus estimate of $16.25 billion. During the same period last year, the firm earned $5.95 earnings per share. Capital One Financial’s revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Capital One Financial Corporation will post 21.53 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, November 16th. Capital One Financial’s dividend payout ratio is currently 18.89%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Piper Sandler lifted their price target on Capital One Financial from $260.00 to $269.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. TD Cowen upped their price objective on Capital One Financial from $242.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 21st. Wall Street Zen cut Capital One Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. UBS Group dropped their price objective on Capital One Financial from $280.00 to $274.00 and set a “buy” rating on the stock in a research report on Monday, November 2nd. Finally, Evercore reaffirmed an “outperform” rating and set a $230.00 price objective on shares of Capital One Financial in a research report on Tuesday, October 27th. Twenty analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $256.50.

Insider Activity

In related news, insider Celia Karam sold 1,927 shares of the business’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $195.86, for a total transaction of $377,422.22. Following the transaction, the insider directly owned 55,774 shares in the company, valued at $10,923,895.64. The trade was a 3.34% decrease in their position. The sale was disclosed in a filing 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, Director Peter E. Raskind sold 1,681 shares of the company’s stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $201.79, for a total value of $339,208.99. Following the transaction, the director directly owned 32,715 shares in the company, valued at $6,601,559.85. This represents a 4.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 202,145 shares of company stock worth $41,281,806. Company insiders own 0.78% of the company’s stock.

About Capital One Financial

Capital One Financial Corporation is a bank holding company that provides credit cards, consumer banking, auto financing and commercial banking services. Its offerings include credit cards, deposit accounts, loans and financial services for businesses. The company traces its roots to a credit card business established within Signet Banking Corporation in 1988 and became an independent company in 1994. Capital One is headquartered in McLean, Virginia, and serves customers primarily in the United States, with credit card operations also in the United Kingdom.