Exchange Traded Concepts LLC Lowers Stock Position in Capital One Financial Co. (NYSE:COF)

Exchange Traded Concepts LLC trimmed its holdings in shares of Capital One Financial Co. (NYSE:COF) by 57.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,618 shares of the financial services provider’s stock after selling 76,105 shares during the period. Exchange Traded Concepts LLC’s holdings in Capital One Financial were worth $10,096,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Decker Retirement Planning Inc. acquired a new position in shares of Capital One Financial during the 4th quarter worth $32,000. Catalyst Capital Advisors LLC acquired a new position in shares of Capital One Financial during the 3rd quarter worth $36,000. Creative Financial Designs Inc. ADV boosted its position in shares of Capital One Financial by 135.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock worth $43,000 after buying an additional 166 shares in the last quarter. Eastern Bank acquired a new stake in Capital One Financial in the 3rd quarter valued at about $44,000. Finally, Prospera Private Wealth LLC acquired a new position in Capital One Financial during the third quarter worth about $47,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COF has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on shares of Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday, December 9th. Truist Financial initiated coverage on Capital One Financial in a research report on Tuesday, January 7th. They set a “buy” rating and a $229.00 price target for the company. HSBC upgraded Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price objective on the stock in a research report on Tuesday, January 14th. Robert W. Baird boosted their target price on shares of Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company raised their price target on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Capital One Financial presently has a consensus rating of “Hold” and a consensus price target of $190.47.

Capital One Financial Stock Down 0.4 %

Shares of NYSE:COF opened at $203.18 on Friday. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $207.24. The stock has a 50-day simple moving average of $184.29 and a 200-day simple moving average of $161.66. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.00 and a current ratio of 0.98. The stock has a market capitalization of $77.46 billion, a P/E ratio of 17.50, a PEG ratio of 1.29 and a beta of 1.46.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The company had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10,220,675.12 billion. During the same quarter in the prior year, the business earned $2.81 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities analysts forecast that Capital One Financial Co. will post 15.22 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Thursday, November 14th. Capital One Financial’s payout ratio is 20.71%.

Insider Activity

In other Capital One Financial news, insider Mark Daniel Mouadeb sold 1,994 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total value of $323,765.78. Following the transaction, the insider now directly owns 19,776 shares of the company’s stock, valued at $3,211,029.12. This represents a 9.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael Zamsky sold 10,541 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the sale, the insider now directly owns 26,482 shares of the company’s stock, valued at $5,038,465.32. The trade was a 28.47 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,256 shares of company stock worth $2,462,487. 1.30% of the stock is currently owned by corporate insiders.

Capital One Financial 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.