Capital One Financial Co. (NYSE:COF) Shares Sold by SouthState Corp

SouthState Corp lessened its holdings in shares of Capital One Financial Co. (NYSE:COF) by 4.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,447 shares of the financial services provider’s stock after selling 220 shares during the quarter. SouthState Corp’s holdings in Capital One Financial were worth $583,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Householder Group Estate & Retirement Specialist LLC raised its stake in Capital One Financial by 1,658.3% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 211 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 199 shares during the period. Bartlett & Co. LLC lifted its position in Capital One Financial by 726.7% during the 4th quarter. Bartlett & Co. LLC now owns 248 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 218 shares during the last quarter. Sound Income Strategies LLC increased its position in Capital One Financial by 109.4% in the 4th quarter. Sound Income Strategies LLC now owns 266 shares of the financial services provider’s stock worth $35,000 after buying an additional 139 shares during the period. Venturi Wealth Management LLC boosted its holdings in Capital One Financial by 66.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 393 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 157 shares during the period. Finally, MV Capital Management Inc. raised its holdings in Capital One Financial by 43.9% in the 4th quarter. MV Capital Management Inc. now owns 344 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 105 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

Shares of COF traded up $0.60 during midday trading on Friday, reaching $142.41. The stock had a trading volume of 1,593,864 shares, compared to its average volume of 2,686,711. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.86. The firm has a 50 day simple moving average of $141.03 and a 200-day simple moving average of $127.24. The firm has a market cap of $54.14 billion, a PE ratio of 11.15, a P/E/G ratio of 1.02 and a beta of 1.46. Capital One Financial Co. has a one year low of $83.93 and a one year high of $149.94.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.04). The business had revenue of $9.40 billion during the quarter, compared to analyst estimates of $9.35 billion. Capital One Financial had a net margin of 10.19% and a return on equity of 9.74%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.31 earnings per share. As a group, sell-side analysts anticipate that Capital One Financial Co. will post 13.7 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be issued a $0.60 dividend. The ex-dividend date is Friday, May 10th. This represents a $2.40 annualized dividend and a dividend yield of 1.69%. Capital One Financial’s dividend payout ratio is currently 18.79%.

Analyst Upgrades and Downgrades

A number of research firms have commented on COF. Deutsche Bank Aktiengesellschaft started coverage on Capital One Financial in a research note on Wednesday, January 10th. They issued a “hold” rating and a $153.00 price objective on the stock. Wells Fargo & Company upped their price target on Capital One Financial from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. UBS Group raised their target price on shares of Capital One Financial from $132.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $159.00 price objective on shares of Capital One Financial in a research note on Wednesday, March 27th. Finally, Piper Sandler upped their price target on Capital One Financial from $126.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Capital One Financial currently has a consensus rating of “Hold” and an average target price of $138.50.

Insider Activity

In other Capital One Financial news, insider Timothy P. Golden sold 8,656 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the completion of the sale, the insider now directly owns 10,246 shares in the company, valued at $1,475,833.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

About Capital One Financial

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.