Ibex Wealth Advisors Sells 22,600 Shares of Capital One Financial Corporation $COF

Ibex Wealth Advisors trimmed its holdings in Capital One Financial Corporation (NYSE:COF) by 37.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 37,902 shares of the financial services provider’s stock after selling 22,600 shares during the period. Ibex Wealth Advisors’ holdings in Capital One Financial were worth $6,914,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in 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 during the period. VSM Wealth Advisory LLC bought a new stake in shares of Capital One Financial during the fourth quarter valued at approximately $27,000. Cherry Tree Wealth Management LLC raised its position in shares of Capital One Financial by 1,312.5% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $27,000 after buying an additional 105 shares during the last quarter. Strive Asset Management LLC purchased a new position in shares of Capital One Financial in the third quarter worth $28,000. Finally, Osterweis Capital Management Inc. purchased a new position in shares of Capital One Financial in the fourth quarter worth $29,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Activity at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total value of $728,000.00. Following the completion of the sale, the general counsel directly owned 90,194 shares in the company, valued at $18,760,352. This trade represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of Capital One Financial stock in a transaction on Friday, May 1st. The stock was sold at an average price of $192.58, for a total transaction of $336,822.42. Following the transaction, the insider directly owned 61,579 shares of the company’s stock, valued at $11,858,883.82. The trade was a 2.76% 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. In the last three months, insiders have sold 8,749 shares of company stock worth $1,708,577. Corporate insiders own 0.78% of the company’s stock.

Capital One Financial Stock Up 4.1%

Shares of NYSE:COF opened at $199.85 on Friday. The company has a market cap of $124.36 billion, a price-to-earnings ratio of 70.12, a PEG ratio of 0.69 and a beta of 1.02. 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 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $191.65 and a 200 day moving average price of $203.41.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing the consensus estimate of $5.08 by ($0.66). Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The company had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $15.68 billion. During the same period in the previous year, the firm earned $4.06 earnings per share. The company’s revenue was up 52.3% compared to the same quarter last year. As a group, equities research analysts predict that Capital One Financial Corporation will post 19.5 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were issued a $0.80 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. Capital One Financial’s payout ratio is 112.28%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on COF shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Capital One Financial in a research note on Wednesday, June 24th. Rothschild & Co Redburn decreased their price target on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Capital One Financial from $256.00 to $250.00 and set a “hold” rating for the company in a report on Wednesday, April 22nd. Evercore cut their price objective on Capital One Financial from $265.00 to $222.00 and set an “outperform” rating for the company in a research report on Monday, April 6th. Finally, Wells Fargo & Company reduced their target price on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Nineteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and an average target price of $258.41.

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.