Sumitomo Mitsui Trust Holdings Inc. Reduces Holdings in Capital One Financial Corp. (COF)

Sumitomo Mitsui Trust Holdings Inc. lessened its stake in shares of Capital One Financial Corp. (NYSE:COF) by 6.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,820,265 shares of the financial services provider’s stock after selling 119,043 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Capital One Financial were worth $148,697,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Van ECK Associates Corp raised its position in Capital One Financial by 2.0% in the 4th quarter. Van ECK Associates Corp now owns 6,868 shares of the financial services provider’s stock worth $519,000 after purchasing an additional 132 shares during the period. Tufton Capital Management increased its holdings in Capital One Financial by 0.8% during the first quarter. Tufton Capital Management now owns 17,607 shares of the financial services provider’s stock valued at $1,438,000 after buying an additional 136 shares during the period. Investment Counselors of Maryland LLC increased its holdings in Capital One Financial by 0.7% during the fourth quarter. Investment Counselors of Maryland LLC now owns 22,824 shares of the financial services provider’s stock valued at $1,725,000 after buying an additional 150 shares during the period. Sky Investment Group LLC increased its holdings in Capital One Financial by 4.6% during the fourth quarter. Sky Investment Group LLC now owns 3,746 shares of the financial services provider’s stock valued at $283,000 after buying an additional 166 shares during the period. Finally, Parkside Financial Bank & Trust increased its holdings in Capital One Financial by 78.6% during the first quarter. Parkside Financial Bank & Trust now owns 384 shares of the financial services provider’s stock valued at $31,000 after buying an additional 169 shares during the period. 89.20% of the stock is owned by institutional investors and hedge funds.

In other Capital One Financial news, insider Kleber Santos sold 2,928 shares of Capital One Financial stock in a transaction on Monday, March 18th. The shares were sold at an average price of $84.54, for a total value of $247,533.12. Following the completion of the transaction, the insider now owns 19,454 shares of the company’s stock, valued at $1,644,641.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.43% of the stock is currently owned by insiders.

COF traded up $0.53 on Tuesday, reaching $91.91. The stock had a trading volume of 38,733 shares, compared to its average volume of 2,500,447. Capital One Financial Corp. has a 12-month low of $69.90 and a 12-month high of $101.26. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.99 and a current ratio of 1.00. The stock has a market capitalization of $43.25 billion, a price-to-earnings ratio of 8.44, a PEG ratio of 0.91 and a beta of 1.30.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $2.90 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $0.22. Capital One Financial had a net margin of 18.47% and a return on equity of 10.95%. The company had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.03 billion. During the same quarter in the previous year, the company earned $2.62 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities research analysts forecast that Capital One Financial Corp. will post 11.09 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Monday, May 13th will be issued a $0.40 dividend. The ex-dividend date is Friday, May 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.74%. Capital One Financial’s payout ratio is 14.71%.

A number of research firms recently issued reports on COF. Oppenheimer restated a “market perform” rating on shares of Capital One Financial in a research report on Wednesday, January 23rd. Credit Suisse Group decreased their target price on shares of Capital One Financial from $109.00 to $102.00 and set a “positive” rating for the company in a research report on Wednesday, January 23rd. Bank of America restated a “buy” rating and set a $106.00 target price (down from $120.00) on shares of Capital One Financial in a research report on Wednesday, January 23rd. CIBC restated a “market perform” rating on shares of Capital One Financial in a research report on Wednesday, January 23rd. Finally, Nomura decreased their target price on shares of Capital One Financial to $90.00 and set a “neutral” rating for the company in a research report on Wednesday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $104.35.

TRADEMARK VIOLATION WARNING: This piece was posted by Baseball Daily News and is the sole property of of Baseball Daily News. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this piece can be read at https://www.baseballdailydigest.com/news/2019/05/21/sumitomo-mitsui-trust-holdings-inc-reduces-holdings-in-capital-one-financial-corp-cof.html.

Capital One Financial Profile

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

Recommended Story: What is net income?

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 Corp. (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.