Capital One Financial Corp. (COF) Stake Lessened by Point72 Asset Management LP

Point72 Asset Management L.P. cut its holdings in shares of Capital One Financial Corp. (NYSE:COF) by 7.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 680,687 shares of the financial services provider’s stock after selling 52,613 shares during the period. Point72 Asset Management L.P. owned 0.14% of Capital One Financial worth $65,223,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Lido Advisors LLC increased its position in shares of Capital One Financial by 21.7% during the fourth quarter. Lido Advisors LLC now owns 2,896 shares of the financial services provider’s stock worth $288,000 after purchasing an additional 516 shares in the last quarter. American Assets Investment Management LLC increased its position in shares of Capital One Financial by 1.0% during the first quarter. American Assets Investment Management LLC now owns 58,670 shares of the financial services provider’s stock worth $5,622,000 after purchasing an additional 570 shares in the last quarter. Sentinel Trust Co. LBA increased its position in shares of Capital One Financial by 1.2% during the fourth quarter. Sentinel Trust Co. LBA now owns 49,167 shares of the financial services provider’s stock worth $4,896,000 after purchasing an additional 580 shares in the last quarter. Psagot Investment House Ltd. grew its holdings in shares of Capital One Financial by 98.3% during the first quarter. Psagot Investment House Ltd. now owns 1,190 shares of the financial services provider’s stock valued at $114,000 after buying an additional 590 shares during the last quarter. Finally, Dowling & Yahnke LLC grew its holdings in shares of Capital One Financial by 6.2% during the first quarter. Dowling & Yahnke LLC now owns 10,456 shares of the financial services provider’s stock valued at $1,002,000 after buying an additional 610 shares during the last quarter. 88.82% of the stock is currently owned by institutional investors and hedge funds.

NYSE:COF opened at $96.80 on Thursday. Capital One Financial Corp. has a one year low of $76.98 and a one year high of $106.50. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $46.82 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 0.90 and a beta of 1.31.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, April 24th. The financial services provider reported $2.65 EPS for the quarter, beating the consensus estimate of $2.34 by $0.31. Capital One Financial had a net margin of 8.38% and a return on equity of 9.23%. The company had revenue of $6.90 million for the quarter, compared to analyst estimates of $6.93 billion. During the same period in the prior year, the company earned $1.75 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. sell-side analysts anticipate that Capital One Financial Corp. will post 10.07 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, May 24th. Stockholders of record on Monday, May 14th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Friday, May 11th. Capital One Financial’s payout ratio is currently 20.54%.

In other news, Director Bradford H. Warner sold 3,000 shares of the stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $95.05, for a total transaction of $285,150.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jory A. Berson sold 18,909 shares of the stock in a transaction dated Thursday, June 7th. The stock was sold at an average price of $97.09, for a total transaction of $1,835,874.81. The disclosure for this sale can be found here. Over the last three months, insiders have sold 297,072 shares of company stock worth $27,791,398. Corporate insiders own 1.40% of the company’s stock.

A number of equities research analysts have recently weighed in on COF shares. Instinet lowered shares of Capital One Financial from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $98.47 to $109.00 in a report on Wednesday, February 21st. Nomura lowered shares of Capital One Financial from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $111.00 to $109.00 in a report on Wednesday, February 21st. Zacks Investment Research lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. UBS Group started coverage on shares of Capital One Financial in a report on Tuesday, March 27th. They set a “buy” rating and a $114.00 price objective on the stock. Finally, Wells Fargo & Co dropped their price objective on shares of Capital One Financial from $117.00 to $109.00 and set an “outperform” rating on the stock in a report on Thursday, March 29th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $108.52.

About Capital One Financial

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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Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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