Maltese Capital Management LLC Decreases Holdings in Capital One Financial Corp. (NYSE:COF)

Maltese Capital Management LLC lowered its position in Capital One Financial Corp. (NYSE:COF) by 32.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,200 shares of the financial services provider’s stock after selling 32,800 shares during the period. Maltese Capital Management LLC’s holdings in Capital One Financial were worth $6,439,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in COF. BlackRock Inc. lifted its stake in Capital One Financial by 2.3% in the 1st quarter. BlackRock Inc. now owns 29,763,273 shares of the financial services provider’s stock valued at $2,851,916,000 after purchasing an additional 661,251 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Capital One Financial by 10.4% during the first quarter. JPMorgan Chase & Co. now owns 18,151,777 shares of the financial services provider’s stock worth $1,739,303,000 after purchasing an additional 1,712,501 shares during the period. Northern Trust Corp increased its holdings in shares of Capital One Financial by 0.7% during the first quarter. Northern Trust Corp now owns 5,713,153 shares of the financial services provider’s stock worth $547,434,000 after purchasing an additional 37,656 shares during the period. Geode Capital Management LLC increased its stake in Capital One Financial by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 4,936,404 shares of the financial services provider’s stock valued at $490,494,000 after acquiring an additional 100,004 shares during the last quarter. Finally, Pzena Investment Management LLC increased its stake in Capital One Financial by 4.7% in the first quarter. Pzena Investment Management LLC now owns 4,877,701 shares of the financial services provider’s stock valued at $467,381,000 after acquiring an additional 217,177 shares during the last quarter. Institutional investors and hedge funds own 88.72% of the company’s stock.

In other news, CEO Richard D. Fairbank sold 242,600 shares of the company’s stock in a transaction dated Wednesday, April 25th. The shares were sold at an average price of $93.13, for a total transaction of $22,593,338.00. Following the transaction, the chief executive officer now owns 3,011,738 shares in the company, valued at $280,483,159.94. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Kleber Santos sold 1,711 shares of the company’s stock in a transaction dated Thursday, March 22nd. The shares were sold at an average price of $97.00, for a total transaction of $165,967.00. Following the transaction, the insider now owns 15,894 shares in the company, valued at approximately $1,541,718. The disclosure for this sale can be found here. Over the last three months, insiders have sold 296,665 shares of company stock valued at $27,751,095. Insiders own 1.40% of the company’s stock.

Shares of COF opened at $97.43 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.02. Capital One Financial Corp. has a fifty-two week low of $76.98 and a fifty-two week high of $106.50. The firm has a market capitalization of $47.31 billion, a P/E ratio of 12.51, a price-to-earnings-growth ratio of 0.90 and a beta of 1.31.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, April 24th. The financial services provider reported $2.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.34 by $0.31. Capital One Financial had a net margin of 8.38% and a return on equity of 9.23%. The company had revenue of $6.90 million during the quarter, compared to analyst estimates of $6.93 billion. During the same period in the prior year, the firm earned $1.75 earnings per share. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. analysts anticipate that Capital One Financial Corp. will post 10.07 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 24th. Shareholders of record on Monday, May 14th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Friday, May 11th. Capital One Financial’s payout ratio is 20.54%.

A number of brokerages have weighed in on COF. Citigroup cut their target price on shares of Capital One Financial from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Monday. Oppenheimer reaffirmed a “hold” rating on shares of Capital One Financial in a research note on Tuesday, April 24th. Robert W. Baird reissued a “hold” rating on shares of Capital One Financial in a research report on Wednesday, April 25th. Morgan Stanley decreased their target price on shares of Capital One Financial from $111.00 to $104.00 and set an “equal weight” rating for the company in a research report on Monday, April 30th. Finally, BMO Capital Markets reduced their price objective on shares of Capital One Financial from $140.00 to $133.00 and set an “outperform” rating for the company in a research report on Wednesday, April 25th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the stock. Capital One Financial has an average rating of “Hold” and an average target price of $108.29.

About Capital One Financial

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

Leave a Reply

Your email address will not be published. Required fields are marked *