Salzhauer Michael Reduces Stock Position in Capital One Financial Co. (NYSE:COF)

Salzhauer Michael decreased its position in Capital One Financial Co. (NYSE:COF) by 86.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,427 shares of the financial services provider’s stock after selling 35,000 shares during the quarter. Salzhauer Michael’s holdings in Capital One Financial were worth $968,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Decker Retirement Planning Inc. bought a new position in Capital One Financial during the 4th quarter valued at approximately $32,000. Catalyst Capital Advisors LLC bought a new position in shares of Capital One Financial during the third quarter valued at approximately $36,000. Creative Financial Designs Inc. ADV lifted its stake in Capital One Financial by 135.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 166 shares during the period. Eastern Bank bought a new stake in Capital One Financial in the third quarter valued at $44,000. Finally, Prospera Private Wealth LLC purchased a new position in Capital One Financial during the 3rd quarter valued at $47,000. 89.84% of the stock is owned by institutional investors.

Insider Activity at Capital One Financial

In related news, insider Michael Zamsky sold 10,541 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the sale, the insider now directly owns 26,482 shares in the company, valued at approximately $5,038,465.32. The trade was a 28.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.

Capital One Financial Price Performance

COF opened at $203.13 on Monday. The company’s 50-day simple moving average is $188.30 and its two-hundred day simple moving average is $166.72. Capital One Financial Co. has a 52-week low of $128.23 and a 52-week high of $208.63. The stock has a market capitalization of $77.44 billion, a P/E ratio of 17.53, a P/E/G ratio of 1.26 and a beta of 1.47. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The company had revenue of $10.19 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter last year, the company posted $2.81 earnings per share. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, analysts predict that Capital One Financial Co. will post 15.41 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.18%. Capital One Financial’s payout ratio is currently 20.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on COF shares. Argus raised shares of Capital One Financial to a “strong-buy” rating in a research note on Thursday, January 23rd. HSBC raised Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price objective on the stock in a research report on Tuesday, January 14th. Evercore ISI raised their target price on Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Wells Fargo & Company lifted their price target on Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Finally, The Goldman Sachs Group increased their price objective on Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $196.31.

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.