Convergence Investment Partners LLC Has $283,000 Position in Capital One Financial Corporation $COF

Convergence Investment Partners LLC lessened its stake in Capital One Financial Corporation (NYSE:COF) by 87.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,333 shares of the financial services provider’s stock after selling 9,696 shares during the period. Convergence Investment Partners LLC’s holdings in Capital One Financial were worth $283,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock valued at $2,423,000 after purchasing an additional 10,428 shares during the period. Intech Investment Management LLC raised its holdings in shares of Capital One Financial by 44.3% in the 1st quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider’s stock worth $1,608,000 after buying an additional 2,753 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Capital One Financial by 118.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider’s stock worth $702,000 after buying an additional 1,788 shares during the period. NORTHSTAR ASSET MANAGEMENT Co bought a new position in shares of Capital One Financial during the 2nd quarter worth approximately $271,000. Finally, Ameritas Advisory Services LLC boosted its stake in Capital One Financial by 59.4% in the 2nd quarter. Ameritas Advisory Services LLC now owns 2,204 shares of the financial services provider’s stock valued at $469,000 after buying an additional 821 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Up 2.3%

Shares of COF opened at $223.87 on Tuesday. The business’s fifty day moving average price is $235.12 and its two-hundred day moving average price is $223.45. The firm has a market capitalization of $142.32 billion, a price-to-earnings ratio of 75.63, a PEG ratio of 0.65 and a beta of 1.14. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $259.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.14 by ($0.28). The firm had revenue of $15.62 billion for the quarter, compared to analyst estimates of $15.49 billion. Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The company’s revenue was up 53.3% compared to the same quarter last year. During the same period last year, the company earned $2.67 EPS. On average, analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Citigroup boosted their target price on shares of Capital One Financial from $290.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, December 31st. Zacks Research lowered shares of Capital One Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $300.00 price objective on shares of Capital One Financial in a report on Tuesday, January 6th. Morgan Stanley boosted their target price on Capital One Financial from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Capital One Financial from $263.00 to $256.00 and set a “hold” rating for the company in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Capital One Financial has an average rating of “Moderate Buy” and an average price target of $274.70.

Insider Activity at Capital One Financial

In other news, insider Celia Karam sold 2,064 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $244.35, for a total value of $504,338.40. Following the transaction, the insider owned 61,373 shares of the company’s stock, valued at $14,996,492.55. This represents a 3.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $250.00, for a total transaction of $500,000.00. Following the completion of the sale, the general counsel directly owned 92,486 shares of the company’s stock, valued at $23,121,500. The trade was a 2.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 89,922 shares of company stock worth $20,480,489 over the last 90 days. Insiders own 1.26% of the company’s stock.

Capital One Financial Company 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.