Denali Advisors LLC Sells 2,300 Shares of Capital One Financial Co. (NYSE:COF)

Denali Advisors LLC reduced its holdings in Capital One Financial Co. (NYSE:COF) by 35.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,100 shares of the financial services company after selling 2,300 shares during the period. Denali Advisors LLC’s shares in Capital One Financial were worth $610,000 at the time of its most recent SEC filing.

Other large investors have also made changes to their positions in the company recently. Norges Bank purchased a new position in Capital One Financial during the 4th quarter worth approximately $409,831,000. Capital Research Global Investors increased its holdings in Capital One Financial by 16.7% during the fourth quarter. Capital Research Global Investors now owns 12,227,848 shares of the financial services provider’s stock worth $1,603,316,000 after purchasing an additional 1,745,545 shares in the last quarter. National Bank of Canada FI increased its position in shares of Capital One Financial by 443.1% in the 4th quarter. National Bank of Canada FI now owns 553,744 shares of the financial services provider’s stock worth $73,150,000 after purchasing an additional 451,789 shares in the last quarter. Panagora Asset Management Inc. increased its stake in Capital One Financial by 5,968.2% in the 4th quarter. Panagora Asset Management Inc. now owns 418,404 shares of the financial services provider’s stock worth $54,861,000 after purchasing an additional 411,509 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in Capital One Financial during the 4th quarter worth approximately $46,268,000. 89.84% of the shares are currently owned by hedge funds and other institutional investors.

Insider buying and selling

In other Capital One Financial news, insider Celia Karam sold 16,913 shares of the company’s stock in a transaction on Wednesday, May 8. The shares were sold at an average price of $142.88, for a total value of $2,416,529.44. Following the sale, the insider now owns 47,081 shares of the company’s stock, valued at approximately $6,726,933.28. The sale was disclosed in a filing with the SEC, which is available for access on the SEC website. In related news, insider Timothy P. Golden sold 8,656 shares of the company’s stock in a transaction on Tuesday, April 30. The shares were sold at an average price of $144.04, for a total value of $1,246,810.24. Following the sale, the insider now owns 10,246 shares of the company’s stock, valued at $1,475,833.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, available on the SEC website. Also, insider Celia Karam sold 16,913 shares of the company’s stock in a transaction on Wednesday, May 8. The shares were sold at an average price of $142.88, for a total transaction of $2,416,529.44. Following the sale, the insider now directly owns 47,081 shares of the company’s stock, valued at approximately $6,726,933.28. The disclosure for this sale can be found here. 1.30% of the shares are held by company insiders.

Price development of Capital One Financial

Shares of NYSE:COF opened at $138.49 on Thursday. The company has a market cap of $52.65 billion, a price-to-earnings ratio of 10.84, a price-to-earnings/growth ratio of 1.11 and a beta of 1.45. Capital One Financial Co. has a one-year low of $88.23 and a one-year high of $149.94. The company’s 50-day simple moving average is $139.51 and its 200-day simple moving average is $137.34. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.01 and a quick ratio of 1.00.

Capital One Financial (NYSE:COF – Get Free Report) last announced its quarterly earnings results on Thursday, April 25. The financial services company reported $3.21 EPS for the quarter, missing the consensus estimate of $3.25 by ($0.04). The company had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $9.35 billion. Capital One Financial had a net margin of 10.19% and a return on equity of 9.74%. The company’s revenue for the quarter increased 5.6% year-over-year. In the year-ago quarter, the company earned $2.31 EPS. Research analysts expect Capital One Financial Co. to post 13.31 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 13th were paid a dividend of $0.60 per share. This represents an annualized dividend of $2.40 and a dividend yield of 1.73%. The ex-dividend date for this dividend was Friday, May 10th. Capital One Financial’s payout ratio is currently 18.79%.

Wall Street analysts predict growth

Several brokerages have issued reports on COF. Wells Fargo & Company raised their price target on shares of Capital One Financial from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Evercore ISI lowered their price target on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research note on Tuesday, June 25th. Wolfe Research raised shares of Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price target on the company in a research note on Thursday, April 4th. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and raised their price target on the company from $145.00 to $165.00 in a research report on Thursday, June 6th. Finally, Keefe, Bruyette & Woods re-issued an “outperform” rating and set a $159.00 price target on shares of Capital One Financial in a report on Wednesday, March 27th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the firm has an average rating of “Hold” and a consensus price target of $141.20.

Check out our latest analysis on Capital One Financial

Capital One Financial Company Profile

(Free Report)

Capital One Financial Corporation operates as the financial services holding company for Capital One, National Association, which is engaged in providing 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.

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Want to know which other hedge funds hold COF? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Capital One Financial Co. (NYSE:COF – Free Report).

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