Canoe Financial LP Sells 108,136 Shares of Capital One Financial Corporation $COF

Canoe Financial LP lessened its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 28.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 270,753 shares of the financial services provider’s stock after selling 108,136 shares during the period. Canoe Financial LP’s holdings in Capital One Financial were worth $65,620,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Strive Asset Management LLC bought a new stake in shares of Capital One Financial in the third quarter valued at approximately $28,000. Howard Hughes Medical Institute bought a new position in Capital One Financial during the 2nd quarter worth $29,000. Olistico Wealth LLC bought a new position in Capital One Financial during the 4th quarter worth $30,000. WFA of San Diego LLC acquired a new position in Capital One Financial in the 2nd quarter valued at $32,000. Finally, Crowley Wealth Management Inc. acquired a new position in Capital One Financial in the 3rd quarter valued at $33,000. 89.84% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Jason P. Hanson sold 3,729 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $205.00, for a total value of $764,445.00. Following the completion of the transaction, the insider owned 40,230 shares of the company’s stock, valued at $8,247,150. This represents a 8.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lia Dean sold 3,284 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $223.68, for a total transaction of $734,565.12. Following the completion of the sale, the insider owned 70,162 shares in the company, valued at $15,693,836.16. This represents a 4.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 67,933 shares of company stock worth $14,363,897 in the last quarter. Corporate insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

COF has been the topic of several analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and set a $275.00 target price on shares of Capital One Financial in a report on Monday, January 12th. JPMorgan Chase & Co. boosted their price target on Capital One Financial from $237.00 to $256.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Truist Financial cut their price objective on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research report on Monday, January 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Capital One Financial in a research note on Monday, December 29th. Finally, Barclays decreased their target price on shares of Capital One Financial from $294.00 to $287.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $275.95.

Capital One Financial Price Performance

Capital One Financial stock opened at $175.96 on Friday. 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 Corporation has a 52 week low of $143.22 and a 52 week high of $259.64. The stock has a market capitalization of $109.43 billion, a P/E ratio of 59.45, a price-to-earnings-growth ratio of 0.53 and a beta of 1.14. The stock has a fifty day moving average of $203.10 and a 200-day moving average of $217.88.

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

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Thursday, February 19th. Capital One Financial’s dividend payout ratio (DPR) is presently 108.11%.

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.