Centaurus Financial Inc. Sells 4,470 Shares of Capital One Financial Corporation $COF

Centaurus Financial Inc. reduced its position in Capital One Financial Corporation (NYSE:COF) by 85.4% during the second quarter, HoldingsChannel.com reports. The firm owned 763 shares of the financial services provider’s stock after selling 4,470 shares during the period. Centaurus Financial Inc.’s holdings in Capital One Financial were worth $162,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Earned Wealth Advisors LLC purchased a new stake in Capital One Financial in the second quarter valued at $254,000. Plancorp LLC purchased a new position in shares of Capital One Financial during the 2nd quarter valued at approximately $272,000. CIBC Asset Management Inc raised its position in shares of Capital One Financial by 53.9% during the 2nd quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider’s stock worth $18,830,000 after purchasing an additional 30,991 shares during the last quarter. Smith Chas P & Associates PA Cpas lifted its position in shares of Capital One Financial by 1,490.0% in the second quarter. Smith Chas P & Associates PA Cpas now owns 43,486 shares of the financial services provider’s stock valued at $9,252,000 after acquiring an additional 40,751 shares in the last quarter. Finally, Callodine Capital Management LP lifted its holdings in Capital One Financial by 200.0% in the 1st quarter. Callodine Capital Management LP now owns 150,000 shares of the financial services provider’s stock valued at $26,895,000 after purchasing an additional 100,000 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

COF has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Capital One Financial from $240.00 to $263.00 and gave the company a “hold” rating in a report on Wednesday. TD Cowen boosted their price objective on Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a report on Monday, October 6th. The Goldman Sachs Group increased their target price on shares of Capital One Financial from $266.00 to $276.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. UBS Group lowered their price objective on Capital One Financial from $270.00 to $266.00 and set a “buy” rating for the company in a research report on Tuesday, October 7th. Finally, Cowen reaffirmed a “buy” rating on shares of Capital One Financial in a research report on Wednesday, November 26th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $264.25.

Insider Activity

In related news, CEO Richard D. Fairbank sold 103,487 shares of Capital One Financial stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $220.68, for a total value of $22,837,511.16. Following the transaction, the chief executive officer owned 4,001,228 shares in the company, valued at approximately $882,990,995.04. This trade represents a 2.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Celia Karam sold 2,936 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $218.15, for a total value of $640,488.40. Following the sale, the insider owned 63,433 shares of the company’s stock, valued at $13,837,908.95. The trade was a 4.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 280,218 shares of company stock valued at $62,395,804 in the last ninety days. 1.26% of the stock is owned by company insiders.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $242.67 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $154.27 billion, a price-to-earnings ratio of 102.39, a price-to-earnings-growth ratio of 0.55 and a beta of 1.16. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $244.82. The business’s 50 day simple moving average is $220.07 and its 200-day simple moving average is $216.32.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. The company had revenue of $15.46 billion for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. As a group, equities analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were issued a $0.80 dividend. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date was Monday, November 17th. This represents a $3.20 annualized dividend and a yield of 1.3%. Capital One Financial’s dividend payout ratio (DPR) is presently 135.02%.

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.