Cullen Frost Bankers Inc. Sells 392 Shares of Capital One Financial Co. (NYSE:COF)

Cullen Frost Bankers Inc. trimmed its stake in shares of Capital One Financial Co. (NYSE:COF) by 3.1% during the fourth quarter, Holdings Channel reports. The firm owned 12,426 shares of the financial services provider’s stock after selling 392 shares during the period. Cullen Frost Bankers Inc.’s holdings in Capital One Financial were worth $1,629,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of COF. Householder Group Estate & Retirement Specialist LLC boosted its stake in shares of Capital One Financial by 1,658.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 211 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 199 shares in the last quarter. Bartlett & Co. LLC boosted its position in Capital One Financial by 726.7% in the fourth quarter. Bartlett & Co. LLC now owns 248 shares of the financial services provider’s stock valued at $33,000 after buying an additional 218 shares in the last quarter. Sound Income Strategies LLC grew its stake in Capital One Financial by 109.4% during the fourth quarter. Sound Income Strategies LLC now owns 266 shares of the financial services provider’s stock worth $35,000 after buying an additional 139 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Capital One Financial by 66.5% during the third quarter. Venturi Wealth Management LLC now owns 393 shares of the financial services provider’s stock worth $38,000 after buying an additional 157 shares in the last quarter. Finally, MV Capital Management Inc. raised its stake in shares of Capital One Financial by 43.9% in the fourth quarter. MV Capital Management Inc. now owns 344 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 105 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on COF shares. BMO Capital Markets upped their price target on shares of Capital One Financial from $124.00 to $125.00 and gave the stock a “market perform” rating in a research report on Monday, January 29th. Royal Bank of Canada increased their price target on shares of Capital One Financial from $142.00 to $150.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 21st. Wolfe Research upgraded shares of Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price objective for the company in a research report on Thursday, April 4th. Piper Sandler increased their price objective on Capital One Financial from $126.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, February 23rd. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $159.00 target price on shares of Capital One Financial in a research note on Wednesday, March 27th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $138.50.

Capital One Financial Trading Down 0.2 %

NYSE COF opened at $142.48 on Friday. Capital One Financial Co. has a one year low of $85.22 and a one year high of $149.94. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.01 and a quick ratio of 1.00. The firm has a market cap of $54.17 billion, a P/E ratio of 11.16, a P/E/G ratio of 1.03 and a beta of 1.46. The stock’s 50-day moving average is $141.56 and its 200-day moving average is $128.80.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.25 by ($0.04). The company had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $9.35 billion. Capital One Financial had a return on equity of 9.74% and a net margin of 10.19%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.31 EPS. Sell-side analysts anticipate that Capital One Financial Co. will post 13.7 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 13th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, May 10th. Capital One Financial’s payout ratio is 18.79%.

Insider Buying and Selling

In related news, insider Celia Karam sold 16,913 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $142.88, for a total transaction of $2,416,529.44. Following the sale, the insider now owns 47,081 shares in the company, valued at $6,726,933.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Celia Karam sold 16,913 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $142.88, for a total value of $2,416,529.44. Following the transaction, the insider now owns 47,081 shares in the company, valued at approximately $6,726,933.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Timothy P. Golden sold 8,656 shares of Capital One Financial stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $144.04, for a total value of $1,246,810.24. Following the sale, the insider now directly owns 10,246 shares of the company’s stock, valued at $1,475,833.84. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Capital One Financial Profile

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.