CNA Financial Corp Reduces Holdings in Capital One Financial Corporation $COF

CNA Financial Corp lowered its position in Capital One Financial Corporation (NYSE:COF) by 50.0% in the third quarter, HoldingsChannel.com reports. The fund owned 50,000 shares of the financial services provider’s stock after selling 50,000 shares during the quarter. Capital One Financial accounts for approximately 6.3% of CNA Financial Corp’s portfolio, making the stock its 8th biggest holding. CNA Financial Corp’s holdings in Capital One Financial were worth $10,629,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC increased its stake in shares of Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after purchasing an additional 10,428 shares during the last quarter. Intech Investment Management LLC lifted its stake in Capital One Financial by 44.3% in the 1st quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider’s stock valued at $1,608,000 after purchasing an additional 2,753 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in Capital One Financial by 118.3% during the second quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider’s stock worth $702,000 after purchasing an additional 1,788 shares during the period. SBI Securities Co. Ltd. grew its holdings in Capital One Financial by 69.2% during the second quarter. SBI Securities Co. Ltd. now owns 1,599 shares of the financial services provider’s stock worth $340,000 after purchasing an additional 654 shares during the period. Finally, Good Life Advisors LLC acquired a new position in Capital One Financial during the second quarter worth approximately $216,000. Institutional investors own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on COF shares. BTIG Research dropped their price objective on Capital One Financial from $308.00 to $270.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Zacks Research downgraded Capital One Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Deutsche Bank Aktiengesellschaft decreased their target price on Capital One Financial from $263.00 to $256.00 and set a “hold” rating on the stock in a report on Friday, January 23rd. The Goldman Sachs Group restated a “buy” rating and issued a $300.00 price target on shares of Capital One Financial in a research note on Tuesday, January 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Capital One Financial in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $274.70.

Capital One Financial Price Performance

Capital One Financial stock opened at $179.76 on Friday. The firm has a market cap of $111.80 billion, a PE ratio of 60.73, a price-to-earnings-growth ratio of 0.54 and a beta of 1.14. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04. The stock’s fifty day moving average price is $215.61 and its two-hundred day moving average price is $220.86. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $259.64.

Capital One Financial (NYSE:COF) last released its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The company’s quarterly revenue was up 53.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.67 EPS. As a group, research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 19th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Thursday, February 19th. Capital One Financial’s payout ratio is 108.11%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Lia Dean sold 3,284 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $223.68, for a total value of $734,565.12. Following the transaction, the insider directly owned 70,162 shares of the company’s stock, valued at $15,693,836.16. This trade represents a 4.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jason P. Hanson sold 3,729 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $205.00, for a total transaction of $764,445.00. Following the completion of the transaction, the insider owned 40,230 shares of the company’s stock, valued at $8,247,150. The trade was a 8.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 67,933 shares of company stock valued at $14,363,897 over the last three months. 1.26% of the stock is owned by insiders.

About Capital One Financial

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.