Sound Shore Management Inc. CT Decreases Stake in Capital One Financial Co. (NYSE:COF)

Sound Shore Management Inc. CT decreased its stake in Capital One Financial Co. (NYSE:COF) by 6.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 751,016 shares of the financial services provider’s stock after selling 54,575 shares during the period. Capital One Financial comprises about 3.5% of Sound Shore Management Inc. CT’s holdings, making the stock its 3rd largest holding. Sound Shore Management Inc. CT owned about 0.20% of Capital One Financial worth $103,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in COF. Financial Security Advisor Inc. boosted its position in shares of Capital One Financial by 2.4% during the first quarter. Financial Security Advisor Inc. now owns 3,255 shares of the financial services provider’s stock valued at $485,000 after buying an additional 75 shares during the last quarter. Valley National Advisers Inc. boosted its holdings in Capital One Financial by 0.5% during the 1st quarter. Valley National Advisers Inc. now owns 16,366 shares of the financial services provider’s stock worth $2,435,000 after acquiring an additional 75 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Capital One Financial by 11.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 75 shares during the last quarter. Smith Chas P & Associates PA Cpas lifted its position in shares of Capital One Financial by 2.8% during the first quarter. Smith Chas P & Associates PA Cpas now owns 2,829 shares of the financial services provider’s stock valued at $421,000 after purchasing an additional 76 shares in the last quarter. Finally, Marcum Wealth LLC boosted its holdings in Capital One Financial by 3.6% during the second quarter. Marcum Wealth LLC now owns 2,295 shares of the financial services provider’s stock worth $318,000 after purchasing an additional 79 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on COF. Evercore ISI decreased their price objective on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a research note on Tuesday, June 25th. Jefferies Financial Group upgraded Capital One Financial from a “hold” rating to a “buy” rating and lifted their price target for the stock from $145.00 to $165.00 in a report on Thursday, June 6th. Royal Bank of Canada reissued a “sector perform” rating and issued a $150.00 price objective on shares of Capital One Financial in a research report on Thursday, July 25th. Bank of America lifted their target price on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a research report on Monday, July 8th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Capital One Financial has a consensus rating of “Hold” and a consensus target price of $147.21.

Capital One Financial Trading Down 0.5 %

Shares of Capital One Financial stock opened at $152.28 on Friday. The company’s 50-day moving average price is $142.56 and its 200-day moving average price is $140.88. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81. Capital One Financial Co. has a 12-month low of $88.23 and a 12-month high of $153.36. The company has a market cap of $57.90 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 1.08 and a beta of 1.44.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.14). The firm had revenue of $9.51 billion during the quarter, compared to analysts’ expectations of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.52 earnings per share. On average, equities analysts expect that Capital One Financial Co. will post 13.1 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.40 dividend on an annualized basis and a yield of 1.58%. Capital One Financial’s dividend payout ratio is currently 18.79%.

Insider Buying and Selling at Capital One Financial

In related news, insider Robert M. Alexander sold 30,742 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total value of $4,611,300.00. Following the transaction, the insider now directly owns 73,734 shares in the company, valued at $11,060,100. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the sale, the chief executive officer now owns 40,934 shares of the company’s stock, valued at $5,438,491.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total value of $4,611,300.00. Following the transaction, the insider now owns 73,734 shares in the company, valued at $11,060,100. The disclosure for this sale can be found here. 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.