Arax Advisory Partners Sells 21,261 Shares of Capital One Financial Corporation $COF

Arax Advisory Partners lowered its stake in Capital One Financial Corporation (NYSE:COF) by 77.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,262 shares of the financial services provider’s stock after selling 21,261 shares during the quarter. Arax Advisory Partners’ holdings in Capital One Financial were worth $1,518,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Victory Capital Management Inc. grew its stake in shares of Capital One Financial by 16.6% in the third quarter. Victory Capital Management Inc. now owns 378,450 shares of the financial services provider’s stock valued at $80,451,000 after acquiring an additional 53,961 shares in the last quarter. APG Asset Management N.V. lifted its position in Capital One Financial by 12.9% during the third quarter. APG Asset Management N.V. now owns 416,935 shares of the financial services provider’s stock worth $88,632,000 after purchasing an additional 47,627 shares during the period. Swiss Life Asset Management Ltd boosted its stake in shares of Capital One Financial by 16.4% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 104,192 shares of the financial services provider’s stock valued at $22,149,000 after purchasing an additional 14,700 shares in the last quarter. Waverton Investment Management Ltd boosted its stake in shares of Capital One Financial by 1,390.9% in the 3rd quarter. Waverton Investment Management Ltd now owns 1,181,834 shares of the financial services provider’s stock valued at $251,323,000 after purchasing an additional 1,102,563 shares in the last quarter. Finally, Picton Mahoney Asset Management boosted its stake in shares of Capital One Financial by 41.1% in the 3rd quarter. Picton Mahoney Asset Management now owns 165,686 shares of the financial services provider’s stock valued at $35,220,000 after purchasing an additional 48,243 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

COF has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their price target on shares of Capital One Financial from $280.00 to $260.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. The Goldman Sachs Group lowered their price target on shares of Capital One Financial from $300.00 to $260.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Argus reduced their price objective on shares of Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. UBS Group reduced their price objective on shares of Capital One Financial from $283.00 to $270.00 in a research report on Wednesday, May 6th. Finally, Rothschild & Co Redburn reduced their price target 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 Wednesday, April 29th. Seventeen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $258.75.

Capital One Financial Trading Up 5.3%

NYSE COF opened at $194.58 on Tuesday. The stock has a market capitalization of $121.08 billion, a price-to-earnings ratio of 68.27, a PEG ratio of 0.66 and a beta of 1.03. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.03 and a quick ratio of 1.03. The business’s fifty day moving average is $189.38 and its 200-day moving average is $207.20.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The business had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $15.68 billion. During the same quarter in the previous year, the firm earned $4.06 earnings per share. The company’s revenue for the quarter was up 52.3% on a year-over-year basis. Equities research analysts predict that Capital One Financial Corporation will post 19.51 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, May 19th. Capital One Financial’s payout ratio is currently 112.28%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Celia Karam sold 1,749 shares of Capital One Financial stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $192.58, for a total transaction of $336,822.42. Following the completion of the transaction, the insider owned 61,579 shares of the company’s stock, valued at $11,858,883.82. The trade was a 2.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $183.93, for a total value of $643,755.00. Following the transaction, the general counsel directly owned 97,194 shares of the company’s stock, valued at $17,876,892.42. The trade was a 3.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 8,040 shares of company stock valued at $1,498,615 in the last quarter. 0.78% of the stock is currently owned by corporate insiders.

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.