Hudson Edge Investment Partners Inc. Trims Stock Holdings in Capital One Financial Corporation $COF

Hudson Edge Investment Partners Inc. lowered its position in shares of Capital One Financial Corporation (NYSE:COF) by 1.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 34,665 shares of the financial services provider’s stock after selling 403 shares during the quarter. Capital One Financial comprises about 1.3% of Hudson Edge Investment Partners Inc.’s portfolio, making the stock its 12th largest position. Hudson Edge Investment Partners Inc.’s holdings in Capital One Financial were worth $7,375,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. WPG Advisers LLC acquired a new stake in shares of Capital One Financial during the first quarter worth about $25,000. Moisand Fitzgerald Tamayo LLC increased its holdings in Capital One Financial by 103.3% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock worth $26,000 after buying an additional 62 shares during the period. Saudi Central Bank purchased a new position in Capital One Financial during the 1st quarter worth approximately $27,000. Signature Resources Capital Management LLC acquired a new stake in Capital One Financial during the 2nd quarter valued at approximately $28,000. Finally, Beacon Capital Management LLC lifted its stake in Capital One Financial by 118.3% during the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 97 shares during the period. 89.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on COF shares. Barclays reiterated an “overweight” rating and issued a $253.00 price objective (up previously from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Morgan Stanley upped their price target on shares of Capital One Financial from $261.00 to $267.00 and gave the company an “overweight” rating in a report on Monday. Keefe, Bruyette & Woods lifted their price objective on Capital One Financial from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. Citigroup boosted their price objective on Capital One Financial from $250.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Finally, Redburn Atlantic upgraded Capital One Financial to a “strong-buy” rating in a research note on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $245.67.

Insider Transactions at Capital One Financial

In other news, CAO Timothy P. Golden sold 207 shares of Capital One Financial stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total value of $44,589.87. Following the sale, the chief accounting officer directly owned 8,780 shares of the company’s stock, valued at $1,891,299.80. The trade was a 2.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael Zamsky sold 5,515 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the transaction, the insider directly owned 27,364 shares of the company’s stock, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,298 shares of company stock valued at $4,679,844. Insiders own 1.26% of the company’s stock.

Capital One Financial Stock Performance

NYSE:COF opened at $213.79 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $136.72 billion, a PE ratio of 109.64, a P/E/G ratio of 0.81 and a beta of 1.18. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The company has a fifty day moving average of $219.26 and a two-hundred day moving average of $200.65.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. The firm’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter last year, the company earned $3.14 EPS. As a group, research analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial’s dividend payout ratio (DPR) is 123.08%.

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.