Assenagon Asset Management S.A. decreased its holdings in shares of Capital One Financial Co. (NYSE:COF) by 76.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,978 shares of the financial services provider’s stock after selling 391,548 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Capital One Financial were worth $11,826,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the business. Glassy Mountain Advisors Inc. bought a new position in Capital One Financial during the fourth quarter valued at $32,000. Delta Asset Management LLC TN bought a new position in Capital One Financial during the fourth quarter valued at $34,000. Resurgent Financial Advisors LLC bought a new position in Capital One Financial during the fourth quarter valued at $34,000. Neo Ivy Capital Management bought a new position in Capital One Financial during the second quarter valued at $37,000. Finally, U.S. Capital Wealth Advisors LLC bought a new position in Capital One Financial during the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 88.73% of the company’s stock.
Analyst Upgrades and Downgrades
COF has been the topic of a number of analyst reports. Bank of America boosted their price objective on shares of Capital One Financial from $109.00 to $116.00 in a research report on Tuesday, June 6th. Credit Suisse Group cut their price objective on shares of Capital One Financial from $112.00 to $108.00 in a research report on Friday, April 28th. Morgan Stanley cut their price target on shares of Capital One Financial from $96.00 to $85.00 and set an “underweight” rating on the stock in a report on Wednesday, April 5th. Citigroup upped their price target on shares of Capital One Financial from $119.00 to $121.00 in a report on Friday, June 2nd. Finally, BMO Capital Markets cut their price target on shares of Capital One Financial from $131.00 to $121.00 in a report on Friday, April 28th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Capital One Financial presently has an average rating of “Hold” and a consensus price target of $113.26.
Capital One Financial Stock Up 0.1 %
Capital One Financial (NYSE:COF – Free Report) last released its quarterly earnings results on Thursday, April 27th. The financial services provider reported $2.31 EPS for the quarter, missing the consensus estimate of $3.80 by ($1.49). The firm had revenue of $8.90 billion for the quarter, compared to analysts’ expectations of $9.07 billion. Capital One Financial had a net margin of 14.33% and a return on equity of 10.90%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company posted $5.62 earnings per share. As a group, research analysts anticipate that Capital One Financial Co. will post 12.32 EPS for the current fiscal year.
Capital One Financial Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 26th. Shareholders of record on Monday, May 15th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Friday, May 12th. Capital One Financial’s payout ratio is 16.55%.
Insider Buying and Selling at Capital One Financial
In other Capital One Financial news, insider Mark Daniel Mouadeb sold 469 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $110.00, for a total transaction of $51,590.00. Following the completion of the sale, the insider now directly owns 16,396 shares of the company’s stock, valued at $1,803,560. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.27% of the company’s stock.
About Capital One Financial
Capital One Financial Corporation operates as the financial services holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides 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.
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