Capital One Financial Co. (NYSE:COF) Shares Sold by USS Investment Management Ltd

USS Investment Management Ltd reduced its position in shares of Capital One Financial Co. (NYSE:COF) by 22.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,212 shares of the financial services provider’s stock after selling 18,416 shares during the period. USS Investment Management Ltd’s holdings in Capital One Financial were worth $11,454,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Capital One Financial by 4.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,174 shares of the financial services provider’s stock worth $8,234,000 after purchasing an additional 2,006 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Capital One Financial by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider’s stock worth $1,467,393,000 after buying an additional 207,427 shares in the last quarter. Westbourne Investments Inc. acquired a new stake in shares of Capital One Financial in the fourth quarter valued at about $410,000. Lone Pine Capital LLC purchased a new position in shares of Capital One Financial in the fourth quarter worth about $577,012,000. Finally, Beacon Pointe Advisors LLC boosted its position in Capital One Financial by 8.9% during the fourth quarter. Beacon Pointe Advisors LLC now owns 34,781 shares of the financial services provider’s stock worth $6,202,000 after acquiring an additional 2,839 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

COF has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on shares of Capital One Financial from $210.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Baird R W upgraded Capital One Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. Robert W. Baird raised Capital One Financial from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $190.00 to $200.00 in a research note on Tuesday, March 11th. Barclays raised their target price on Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Citigroup lowered their price target on shares of Capital One Financial from $245.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus price target of $207.73.

Insider Transactions at Capital One Financial

In related news, insider Michael Zamsky sold 9,560 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the completion of the transaction, the insider now owns 20,089 shares in the company, valued at approximately $4,005,746.60. The trade was a 32.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ann F. Hackett sold 1,658 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the transaction, the director now directly owns 56,244 shares of the company’s stock, valued at approximately $11,175,682.80. This represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Trading Down 0.8%

Shares of COF stock opened at $195.90 on Wednesday. The company has a 50-day moving average of $176.82 and a two-hundred day moving average of $184.25. The firm has a market cap of $75.06 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 1.19 and a beta of 1.13. Capital One Financial Co. has a 1-year low of $128.23 and a 1-year high of $210.67. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, beating the consensus estimate of $3.75 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.07 billion. On average, analysts predict that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Friday, May 23rd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Friday, May 23rd. Capital One Financial’s payout ratio is 20.15%.

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.