Denali Advisors LLC Sells 2,300 Shares of Capital One Financial Co. (NYSE:COF)

Denali Advisors LLC decreased its holdings in shares of Capital One Financial Co. (NYSE:COF) by 35.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,100 shares of the financial services provider’s stock after selling 2,300 shares during the period. Denali Advisors LLC’s holdings in Capital One Financial were worth $610,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new position in Capital One Financial during the 4th quarter valued at approximately $409,831,000. Capital Research Global Investors increased its holdings in shares of Capital One Financial by 16.7% during the fourth quarter. Capital Research Global Investors now owns 12,227,848 shares of the financial services provider’s stock valued at $1,603,316,000 after acquiring an additional 1,745,545 shares in the last quarter. National Bank of Canada FI raised its position in shares of Capital One Financial by 443.1% in the 4th quarter. National Bank of Canada FI now owns 553,744 shares of the financial services provider’s stock worth $73,150,000 after purchasing an additional 451,789 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in Capital One Financial by 5,968.2% in the 4th quarter. Panagora Asset Management Inc. now owns 418,404 shares of the financial services provider’s stock worth $54,861,000 after purchasing an additional 411,509 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in Capital One Financial during the 4th quarter valued at about $46,268,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Capital One Financial news, insider Celia Karam sold 16,913 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $142.88, for a total value of $2,416,529.44. Following the sale, the insider now owns 47,081 shares in the company, valued at approximately $6,726,933.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Timothy P. Golden sold 8,656 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total value of $1,246,810.24. Following the sale, the insider now owns 10,246 shares in the company, valued at $1,475,833.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Celia Karam sold 16,913 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $142.88, for a total transaction of $2,416,529.44. Following the sale, the insider now directly owns 47,081 shares in the company, valued at approximately $6,726,933.28. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $138.49 on Thursday. The company has a market capitalization of $52.65 billion, a P/E ratio of 10.84, a P/E/G ratio of 1.11 and a beta of 1.45. Capital One Financial Co. has a 1-year low of $88.23 and a 1-year high of $149.94. The firm’s 50 day simple moving average is $139.51 and its two-hundred day simple moving average is $137.34. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.01 and a quick ratio of 1.00.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.21 EPS for the quarter, missing the consensus estimate of $3.25 by ($0.04). The firm had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $9.35 billion. Capital One Financial had a net margin of 10.19% and a return on equity of 9.74%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.31 earnings per share. Research analysts expect that Capital One Financial Co. will post 13.31 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Friday, May 10th. Capital One Financial’s payout ratio is currently 18.79%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on COF. Wells Fargo & Company lifted their target price on shares of Capital One Financial from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Evercore ISI lowered their target price on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research note on Tuesday, June 25th. Wolfe Research upgraded shares of Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price target for the company in a research note on Thursday, April 4th. Jefferies Financial Group upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and increased their price objective for the company from $145.00 to $165.00 in a research report on Thursday, June 6th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $159.00 price target on shares of Capital One Financial in a report on Wednesday, March 27th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $141.20.

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.