Tritonpoint Wealth LLC Reduces Stock Holdings in Capital One Financial Co. (NYSE:COF)

Tritonpoint Wealth LLC trimmed its position in Capital One Financial Co. (NYSE:COF) by 0.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,229 shares of the financial services provider’s stock after selling 407 shares during the period. Tritonpoint Wealth LLC’s holdings in Capital One Financial were worth $8,289,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bernard Wealth Management Corp. purchased a new position in shares of Capital One Financial during the 1st quarter valued at about $54,000. CVA Family Office LLC lifted its position in shares of Capital One Financial by 5.9% during the 1st quarter. CVA Family Office LLC now owns 1,446 shares of the financial services provider’s stock valued at $259,000 after buying an additional 80 shares in the last quarter. Founders Grove Wealth Partners LLC purchased a new position in shares of Capital One Financial during the 1st quarter valued at about $219,000. Fifth Third Bancorp lifted its position in shares of Capital One Financial by 16.5% during the 1st quarter. Fifth Third Bancorp now owns 31,899 shares of the financial services provider’s stock valued at $5,719,000 after buying an additional 4,509 shares in the last quarter. Finally, Simon Quick Advisors LLC lifted its position in shares of Capital One Financial by 22.8% during the 1st quarter. Simon Quick Advisors LLC now owns 2,708 shares of the financial services provider’s stock valued at $486,000 after buying an additional 503 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Michael Zamsky sold 9,560 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the transaction, the insider now owns 20,089 shares of the company’s stock, valued at approximately $4,005,746.60. This represents a 32.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction on 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 in the company, valued at $11,175,682.80. The trade was a 2.86% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

COF has been the topic of a number of research analyst reports. Royal Bank of Canada set a $190.00 price target on Capital One Financial and gave the stock a “sector perform” rating in a report on Monday, April 14th. Baird R W raised Capital One Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. Wells Fargo & Company boosted their price target on Capital One Financial from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday, April 24th. Robert W. Baird raised Capital One Financial from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $190.00 to $200.00 in a report on Tuesday, March 11th. Finally, Evercore ISI raised Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 price objective on the stock in a report on Wednesday, March 12th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $210.64.

Capital One Financial Stock Performance

COF stock opened at $192.49 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. The business’s fifty day simple moving average is $184.50 and its two-hundred day simple moving average is $185.41. Capital One Financial Co. has a twelve month low of $128.23 and a twelve month high of $210.67. The firm has a market cap of $73.75 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 1.19 and a beta of 1.13.

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

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 1.25%. Capital One Financial’s payout ratio is 20.15%.

Capital One Financial Company 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.