Evolve Private Wealth LLC Decreases Stock Position in Capital One Financial Corporation $COF

Evolve Private Wealth LLC cut its holdings in Capital One Financial Corporation (NYSE:COF) by 15.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,932 shares of the financial services provider’s stock after selling 6,714 shares during the quarter. Evolve Private Wealth LLC’s holdings in Capital One Financial were worth $6,738,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in COF. Evolution Wealth Management Inc. increased its holdings in shares of Capital One Financial by 529.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 90 shares in the last quarter. VSM Wealth Advisory LLC bought a new position in shares of Capital One Financial during the fourth quarter valued at $27,000. Cherry Tree Wealth Management LLC boosted its position in shares of Capital One Financial by 1,312.5% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $27,000 after buying an additional 105 shares during the last quarter. Osterweis Capital Management Inc. purchased a new stake in shares of Capital One Financial during the fourth quarter valued at $29,000. Finally, CrossGen Wealth LLC bought a new stake in Capital One Financial in the 4th quarter worth about $30,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Capital One Financial

In related news, insider Lia Dean sold 1,692 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $185.61, for a total value of $314,052.12. Following the transaction, the insider directly owned 65,454 shares of the company’s stock, valued at approximately $12,148,916.94. The trade was a 2.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $192.58, for a total value 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,040 shares of company stock valued at $1,498,615 over the last 90 days. Company insiders own 0.78% of the company’s stock.

Capital One Financial Stock Up 0.2%

Shares of COF stock opened at $201.94 on Monday. The company has a market capitalization of $125.66 billion, a price-to-earnings ratio of 70.86, a PEG ratio of 0.73 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’s fifty day moving average price is $190.70 and its 200-day moving average price is $206.72. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.03 and a quick ratio of 1.03.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $15.68 billion. During the same period in the prior year, the company posted $4.06 EPS. The company’s quarterly revenue was up 52.3% on a year-over-year basis. Sell-side analysts expect that Capital One Financial Corporation will post 19.51 EPS for the current fiscal year.

Capital One Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on COF shares. BTIG Research reissued a “buy” rating and issued a $224.00 target price on shares of Capital One Financial in a research report on Wednesday, April 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Capital One Financial in a report on Friday, March 27th. 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 note on Wednesday, April 29th. Morgan Stanley lowered their price objective on shares of Capital One Financial from $300.00 to $273.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Capital One Financial from $256.00 to $250.00 and set a “hold” rating for the company in a research note on Wednesday, April 22nd. Seventeen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $258.75.

Capital One Financial 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.