Essential Partners LLC Reduces Holdings in Capital One Financial Corporation $COF

Essential Partners LLC lowered its stake in shares of Capital One Financial Corporation (NYSE:COF) by 74.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,574 shares of the financial services provider’s stock after selling 4,656 shares during the quarter. Essential Partners LLC’s holdings in Capital One Financial were worth $287,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of COF. Evolution Wealth Management Inc. boosted its stake in Capital One Financial by 529.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 90 shares in the last quarter. VSM Wealth Advisory LLC acquired a new position in Capital One Financial during the 4th quarter valued at approximately $27,000. Cherry Tree Wealth Management LLC increased its stake in Capital One Financial by 1,312.5% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 105 shares in the last quarter. Osterweis Capital Management Inc. purchased a new position in shares of Capital One Financial in the fourth quarter worth $29,000. Finally, CrossGen Wealth LLC purchased a new position in shares of Capital One Financial in the fourth quarter worth $30,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Citigroup lowered their price objective on shares of Capital One Financial from $310.00 to $295.00 and set a “buy” rating for the company in a research note on Tuesday. Rothschild & Co Redburn cut their target price on Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Argus reduced their target price on Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Wall Street Zen upgraded Capital One Financial from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Finally, Morgan Stanley lowered their price target on Capital One Financial from $300.00 to $273.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Twenty equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $259.14.

Capital One Financial Stock Performance

COF opened at $208.90 on Friday. 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 firm has a market capitalization of $128.16 billion, a PE ratio of 12.93, a P/E/G ratio of 0.77 and a beta of 1.02. The firm has a 50 day moving average of $197.71 and a two-hundred day moving average of $199.02.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating the consensus estimate of $4.79 by $1.02. The business had revenue of $15.83 billion during the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The business’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same period in the previous year, the business posted $5.48 EPS. On average, analysts anticipate that Capital One Financial Corporation will post 20.19 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, August 17th. Capital One Financial’s dividend payout ratio (DPR) is 19.80%.

Insiders Place Their Bets

In other Capital One Financial news, CAO Timothy P. Golden sold 3,487 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total transaction of $735,757.00. Following the sale, the chief accounting officer directly owned 7,429 shares of the company’s stock, valued at approximately $1,567,519. This trade represents a 31.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total value of $728,000.00. Following the sale, the general counsel directly owned 90,194 shares in the company, valued at $18,760,352. This represents a 3.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 10,487 shares of company stock valued at $2,107,512 over the last 90 days. 0.78% of the stock is currently owned by insiders.

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.