Continental Advisors LLC Reduces Position in Capital One Financial Co. (NYSE:COF)

Continental Advisors LLC lessened its holdings in shares of Capital One Financial Co. (NYSE:COF) by 42.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,710 shares of the financial services provider’s stock after selling 19,000 shares during the period. Capital One Financial accounts for approximately 1.5% of Continental Advisors LLC’s investment portfolio, making the stock its 22nd biggest position. Continental Advisors LLC’s holdings in Capital One Financial were worth $3,271,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Capital One Financial in the 4th quarter valued at approximately $467,729,000. Boston Partners purchased a new stake in shares of Capital One Financial in the 1st quarter valued at approximately $391,013,000. BlackRock Inc. grew its stake in shares of Capital One Financial by 8.5% in the 1st quarter. BlackRock Inc. now owns 35,838,764 shares of the financial services provider’s stock valued at $4,559,766,000 after buying an additional 2,815,834 shares during the period. UBS Asset Management Americas Inc. grew its stake in shares of Capital One Financial by 82.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 3,672,283 shares of the financial services provider’s stock valued at $467,225,000 after buying an additional 1,664,114 shares during the period. Finally, Prudential Financial Inc. grew its stake in shares of Capital One Financial by 192.6% in the 1st quarter. Prudential Financial Inc. now owns 1,655,178 shares of the financial services provider’s stock valued at $210,588,000 after buying an additional 1,089,590 shares during the period. 90.02% of the stock is owned by institutional investors.

In other news, insider Michael Slocum sold 6,354 shares of the firm’s stock in a transaction on Tuesday, May 4th. The shares were sold at an average price of $148.19, for a total value of $941,599.26. Following the sale, the insider now directly owns 63,042 shares in the company, valued at approximately $9,342,193.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jory A. Berson sold 24,435 shares of the firm’s stock in a transaction on Monday, June 7th. The shares were sold at an average price of $164.41, for a total transaction of $4,017,358.35. The disclosure for this sale can be found here. Insiders sold a total of 64,345 shares of company stock worth $9,889,341 over the last 90 days. Company insiders own 1.31% of the company’s stock.

Capital One Financial stock traded down $3.10 during mid-day trading on Thursday, reaching $160.11. 74,556 shares of the company’s stock were exchanged, compared to its average volume of 2,852,750. The firm has a market capitalization of $72.29 billion, a P/E ratio of 10.46, a P/E/G ratio of 0.37 and a beta of 1.76. Capital One Financial Co. has a twelve month low of $60.30 and a twelve month high of $168.00. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.61. The stock’s fifty day simple moving average is $158.85.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, April 27th. The financial services provider reported $7.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.17 by $2.86. The company had revenue of $7.11 billion for the quarter, compared to analyst estimates of $7.02 billion. Capital One Financial had a net margin of 23.91% and a return on equity of 12.76%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the business earned ($3.02) EPS. Equities research analysts forecast that Capital One Financial Co. will post 20.05 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 28th. Stockholders of record on Monday, May 17th were issued a $0.40 dividend. The ex-dividend date was Friday, May 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.00%. Capital One Financial’s payout ratio is 27.63%.

COF has been the subject of several analyst reports. Odeon Capital Group raised shares of Capital One Financial from a “sell” rating to a “hold” rating and set a $148.90 price target for the company in a research note on Monday. Credit Suisse Group increased their price objective on shares of Capital One Financial from $175.00 to $182.00 and gave the stock an “outperform” rating in a research report on Friday, July 2nd. Zacks Investment Research cut shares of Capital One Financial from a “strong-buy” rating to a “hold” rating and set a $136.00 price objective for the company. in a research report on Tuesday, March 30th. Oppenheimer increased their price objective on shares of Capital One Financial from $130.00 to $155.00 in a research report on Wednesday, April 28th. Finally, Robert W. Baird cut shares of Capital One Financial from an “outperform” rating to a “neutral” rating and set a $145.00 price objective for the company. in a research report on Monday, June 7th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $153.68.

About Capital One Financial

Capital One Financial Corporation operates as the financial services 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, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

See Also: Understanding Options Trading

Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Co. (NYSE:COF).

Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

Receive News & Ratings for Capital One Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital One Financial and related companies with MarketBeat.com's FREE daily email newsletter.