Point View Wealth Management Inc. cut its position in Capital One Financial Corp. (NYSE:COF) by 4.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,071 shares of the financial services provider’s stock after selling 253 shares during the period. Point View Wealth Management Inc.’s holdings in Capital One Financial were worth $460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of COF. Parkside Financial Bank & Trust raised its holdings in Capital One Financial by 78.6% in the first quarter. Parkside Financial Bank & Trust now owns 384 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 169 shares during the period. Braun Bostich & Associates Inc. bought a new position in shares of Capital One Financial during the 1st quarter valued at approximately $37,000. JNBA Financial Advisors bought a new position in shares of Capital One Financial during the 1st quarter valued at approximately $41,000. Valeo Financial Advisors LLC boosted its position in shares of Capital One Financial by 115.2% during the 1st quarter. Valeo Financial Advisors LLC now owns 566 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 303 shares during the last quarter. Finally, Gemmer Asset Management LLC boosted its position in shares of Capital One Financial by 43.9% during the 1st quarter. Gemmer Asset Management LLC now owns 698 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 213 shares during the last quarter. 88.43% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:COF traded down $0.77 on Friday, reaching $87.99. 70,128 shares of the company’s stock were exchanged, compared to its average volume of 3,282,107. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $41.53 billion, a price-to-earnings ratio of 8.09, a price-to-earnings-growth ratio of 0.96 and a beta of 1.24. Capital One Financial Corp. has a 52 week low of $69.90 and a 52 week high of $101.26. The company has a fifty day moving average of $91.47.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, August 5th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Friday, August 2nd. Capital One Financial’s payout ratio is 14.71%.
In related news, insider Michael J. Wassmer sold 8,212 shares of the stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $95.03, for a total value of $780,386.36. Following the completion of the sale, the insider now owns 84,679 shares in the company, valued at $8,047,045.37. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Bradford H. Warner sold 4,000 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $85.98, for a total transaction of $343,920.00. Following the completion of the sale, the director now owns 57,930 shares of the company’s stock, valued at approximately $4,980,821.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,149 shares of company stock worth $5,053,283. Corporate insiders own 1.43% of the company’s stock.
COF has been the subject of a number of research reports. Piper Jaffray Companies set a $111.00 target price on Capital One Financial and gave the company a “buy” rating in a research report on Friday, July 19th. BMO Capital Markets set a $141.00 price objective on Capital One Financial and gave the company a “buy” rating in a report on Friday, July 19th. Zacks Investment Research lowered Capital One Financial from a “buy” rating to a “hold” rating and set a $103.00 price objective for the company. in a report on Thursday, July 25th. Credit Suisse Group set a $118.00 price objective on Capital One Financial and gave the company a “buy” rating in a report on Friday, July 19th. Finally, Deutsche Bank reissued a “hold” rating and issued a $98.00 price objective on shares of Capital One Financial in a report on Monday, July 8th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $105.17.
Capital One Financial Profile
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
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