Meeder Asset Management Inc. Trims Stock Position in Capital One Financial Corporation $COF

Meeder Asset Management Inc. lessened its position in shares of Capital One Financial Corporation (NYSE:COF) by 37.0% during the second quarter, HoldingsChannel.com reports. The fund owned 6,397 shares of the financial services provider’s stock after selling 3,763 shares during the period. Meeder Asset Management Inc.’s holdings in Capital One Financial were worth $1,283,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of COF. First Command Advisory Services Inc. grew its position in shares of Capital One Financial by 4.5% during the 4th quarter. First Command Advisory Services Inc. now owns 1,067 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 46 shares in the last quarter. Dogwood Wealth Management LLC raised its position in shares of Capital One Financial by 26.0% in the fourth quarter. Dogwood Wealth Management LLC now owns 228 shares of the financial services provider’s stock worth $55,000 after buying an additional 47 shares in the last quarter. High Note Wealth LLC raised its position in shares of Capital One Financial by 44.9% in the fourth quarter. High Note Wealth LLC now owns 155 shares of the financial services provider’s stock worth $38,000 after buying an additional 48 shares in the last quarter. Fiducient Advisors LLC boosted its stake in Capital One Financial by 4.2% during the fourth quarter. Fiducient Advisors LLC now owns 1,196 shares of the financial services provider’s stock valued at $290,000 after buying an additional 48 shares during the period. Finally, Nicholas Hoffman & Company LLC. grew its position in Capital One Financial by 5.0% during the fourth quarter. Nicholas Hoffman & Company LLC. now owns 1,057 shares of the financial services provider’s stock worth $256,000 after buying an additional 50 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Michael Zamsky sold 5,473 shares of Capital One Financial stock in a transaction on Monday, August 10th. The shares were sold at an average price of $218.02, for a total value of $1,193,223.46. Following the sale, the insider owned 27,992 shares in the company, valued at $6,102,815.84. The trade was a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Celia Karam sold 1,888 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $425,781.76. Following the completion of the transaction, the insider owned 59,708 shares of the company’s stock, valued at $13,465,348.16. This trade represents a 3.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 26,267 shares of company stock valued at $5,617,648 over the last quarter. 0.78% of the stock is owned by company insiders.

Capital One Financial Stock Down 0.1%

COF opened at $221.23 on Wednesday. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. The business’s 50-day moving average price is $206.52 and its 200-day moving average price is $198.10. The company has a market cap of $135.72 billion, a P/E ratio of 13.69, a P/E/G ratio of 0.84 and a beta of 1.02.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.79 by $1.02. The business had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.Capital One Financial’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same period last year, the company earned $5.48 EPS. On average, equities analysts expect that Capital One Financial Corporation will post 20.29 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.4%. Capital One Financial’s dividend payout ratio (DPR) is presently 19.80%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on COF. Wall Street Zen lowered Capital One Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Argus cut their target price on shares of Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. UBS Group increased their target price on Capital One Financial from $275.00 to $280.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. TD Cowen dropped their price target on Capital One Financial from $260.00 to $253.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Finally, Citigroup cut their price objective on Capital One Financial from $310.00 to $295.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. Twenty-one investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $259.36.

Capital One Financial Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.