Capital One Financial Co. (NYSE:COF) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its position in shares of Capital One Financial Co. (NYSE:COF) by 58.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 179,799 shares of the financial services provider’s stock after selling 250,700 shares during the quarter. Renaissance Technologies LLC’s holdings in Capital One Financial were worth $24,893,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of COF. Cantor Fitzgerald Investment Advisors L.P. acquired a new position in Capital One Financial in the fourth quarter valued at approximately $2,299,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Capital One Financial by 21.4% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 27,493 shares of the financial services provider’s stock valued at $4,093,000 after acquiring an additional 4,840 shares during the period. Twin Tree Management LP lifted its holdings in Capital One Financial by 5.6% in the first quarter. Twin Tree Management LP now owns 68,504 shares of the financial services provider’s stock valued at $10,200,000 after acquiring an additional 3,609 shares during the period. Clear Harbor Asset Management LLC acquired a new position in Capital One Financial in the second quarter valued at approximately $511,000. Finally, QRG Capital Management Inc. lifted its holdings in Capital One Financial by 3.2% in the second quarter. QRG Capital Management Inc. now owns 122,264 shares of the financial services provider’s stock valued at $16,927,000 after acquiring an additional 3,776 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Activity

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

Capital One Financial Stock Up 5.2 %

Shares of NYSE:COF opened at $153.05 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81. The business has a fifty day moving average of $142.28 and a two-hundred day moving average of $140.76. The stock has a market cap of $58.19 billion, a P/E ratio of 11.99, a PEG ratio of 1.08 and a beta of 1.44. Capital One Financial Co. has a 52-week low of $88.23 and a 52-week high of $153.35.

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

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Monday, August 12th. Capital One Financial’s dividend payout ratio (DPR) is presently 18.79%.

Analyst Ratings Changes

A number of brokerages have issued reports on COF. Evercore ISI decreased their price target on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a report on Tuesday, June 25th. Bank of America upped their target price on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. BTIG Research started coverage on Capital One Financial in a research note on Friday, June 7th. They set a “neutral” rating for the company. JPMorgan Chase & Co. upped their target price on Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a research note on Monday, July 8th. Finally, Jefferies Financial Group raised Capital One Financial from a “hold” rating to a “buy” rating and upped their target price for the stock from $145.00 to $165.00 in a research note on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $145.89.

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.