Capital One Financial Co. (NYSE:COF) Shares Sold by Cidel Asset Management Inc.

Cidel Asset Management Inc. lessened its stake in Capital One Financial Co. (NYSE:COF) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,019 shares of the financial services provider’s stock after selling 404 shares during the period. Cidel Asset Management Inc.’s holdings in Capital One Financial were worth $1,073,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. lifted its position in shares of Capital One Financial by 37.9% during the third quarter. Mather Group LLC. now owns 1,106 shares of the financial services provider’s stock worth $166,000 after purchasing an additional 304 shares during the last quarter. Brookstone Capital Management raised its stake in Capital One Financial by 4.1% during the third quarter. Brookstone Capital Management now owns 4,354 shares of the financial services provider’s stock valued at $652,000 after buying an additional 173 shares in the last quarter. CWM LLC lifted its holdings in Capital One Financial by 10.5% during the 3rd quarter. CWM LLC now owns 8,420 shares of the financial services provider’s stock worth $1,261,000 after buying an additional 801 shares during the last quarter. Wedmont Private Capital grew its position in shares of Capital One Financial by 1.5% in the 3rd quarter. Wedmont Private Capital now owns 5,444 shares of the financial services provider’s stock worth $828,000 after acquiring an additional 82 shares in the last quarter. Finally, Tobam increased its holdings in shares of Capital One Financial by 116.6% in the 3rd quarter. Tobam now owns 1,449 shares of the financial services provider’s stock valued at $217,000 after acquiring an additional 780 shares during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Trading Down 1.7 %

Shares of NYSE:COF opened at $203.13 on Friday. The company has a 50 day moving average of $188.08 and a 200-day moving average of $166.17. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm has a market cap of $77.44 billion, a P/E ratio of 17.53, a P/E/G ratio of 1.24 and a beta of 1.47. Capital One Financial Co. has a twelve month low of $128.23 and a twelve month high of $208.63.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The firm had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the prior year, the firm posted $2.81 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, analysts anticipate that Capital One Financial Co. will post 15.44 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.18%. Capital One Financial’s payout ratio is currently 20.71%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barclays raised their price objective on Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Truist Financial lifted their price target on shares of Capital One Financial from $229.00 to $257.00 and gave the company a “buy” rating in a report on Monday, January 27th. Argus upgraded shares of Capital One Financial to a “strong-buy” rating in a research note on Thursday, January 23rd. Bank of America downgraded Capital One Financial from a “buy” rating to a “neutral” rating and decreased their target price for the company from $203.00 to $200.00 in a research note on Monday, December 9th. Finally, Keefe, Bruyette & Woods increased their price target on Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $196.31.

Insiders Place Their Bets

In other news, insider Michael Zamsky sold 10,541 shares of Capital One Financial stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total value of $2,005,530.66. Following the transaction, the insider now owns 26,482 shares of the company’s stock, valued at $5,038,465.32. The trade was a 28.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.30% of the stock is owned by company insiders.

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.