Capital One Financial Co. (NYSE:COF) Position Reduced by Sound Shore Management Inc. CT

Sound Shore Management Inc. CT trimmed its holdings in shares of Capital One Financial Co. (NYSE:COF) by 6.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 751,016 shares of the financial services provider’s stock after selling 54,575 shares during the period. Capital One Financial comprises about 3.5% of Sound Shore Management Inc. CT’s portfolio, making the stock its 3rd largest holding. Sound Shore Management Inc. CT’s holdings in Capital One Financial were worth $103,978,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of COF. Financial Security Advisor Inc. grew its holdings in Capital One Financial by 2.4% in the 1st quarter. Financial Security Advisor Inc. now owns 3,255 shares of the financial services provider’s stock worth $485,000 after acquiring an additional 75 shares during the last quarter. Valley National Advisers Inc. boosted its holdings in shares of Capital One Financial by 0.5% during the first quarter. Valley National Advisers Inc. now owns 16,366 shares of the financial services provider’s stock worth $2,435,000 after purchasing an additional 75 shares during the period. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Capital One Financial by 11.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 75 shares during the last quarter. Smith Chas P & Associates PA Cpas increased its holdings in Capital One Financial by 2.8% during the 1st quarter. Smith Chas P & Associates PA Cpas now owns 2,829 shares of the financial services provider’s stock valued at $421,000 after purchasing an additional 76 shares during the period. Finally, Marcum Wealth LLC raised its position in Capital One Financial by 3.6% during the 2nd quarter. Marcum Wealth LLC now owns 2,295 shares of the financial services provider’s stock valued at $318,000 after purchasing an additional 79 shares during the last quarter. 89.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on COF. BTIG Research started coverage on Capital One Financial in a research report on Friday, June 7th. They issued a “neutral” rating on the stock. Bank of America lifted their price target on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada restated a “sector perform” rating and issued a $150.00 price objective on shares of Capital One Financial in a report on Thursday, July 25th. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and lifted their target price for the company from $145.00 to $165.00 in a research note on Thursday, June 6th. Finally, Citigroup initiated coverage on shares of Capital One Financial in a research note on Friday. They issued a “buy” rating and a $190.00 price target for the company. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $147.21.

Capital One Financial Stock Down 0.5 %

Shares of NYSE:COF opened at $152.28 on Friday. Capital One Financial Co. has a 12-month low of $88.23 and a 12-month high of $153.36. The stock has a market capitalization of $57.90 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 1.08 and a beta of 1.44. The stock has a fifty day simple moving average of $142.56 and a two-hundred day simple moving average of $140.88. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). The firm had revenue of $9.51 billion during the quarter, compared to the consensus estimate of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.52 EPS. On average, research analysts anticipate that Capital One Financial Co. will post 13.1 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date was Monday, August 12th. Capital One Financial’s payout ratio is 18.79%.

Insider Transactions at Capital One Financial

In other news, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the sale, the chief executive officer now owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the transaction, the insider now directly owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total value of $8,175,141.52. Following the completion of the sale, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Capital One Financial Company Profile

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.