Sentry Investment Management LLC Lowers Holdings in Capital One Financial Co. (NYSE:COF)

Sentry Investment Management LLC reduced its stake in shares of Capital One Financial Co. (NYSE:COF) by 17.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,804 shares of the financial services provider’s stock after selling 370 shares during the period. Sentry Investment Management LLC’s holdings in Capital One Financial were worth $250,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Coldstream Capital Management Inc. increased its holdings in Capital One Financial by 1.3% in the 2nd quarter. Coldstream Capital Management Inc. now owns 6,263 shares of the financial services provider’s stock valued at $867,000 after acquiring an additional 80 shares during the last quarter. Andra AP fonden grew its position in shares of Capital One Financial by 22.8% during the second quarter. Andra AP fonden now owns 164,300 shares of the financial services provider’s stock valued at $22,747,000 after purchasing an additional 30,500 shares in the last quarter. Choreo LLC increased its holdings in shares of Capital One Financial by 1,173.1% in the second quarter. Choreo LLC now owns 36,003 shares of the financial services provider’s stock worth $5,018,000 after purchasing an additional 33,175 shares during the last quarter. Prudential PLC lifted its position in shares of Capital One Financial by 40.8% in the second quarter. Prudential PLC now owns 6,807 shares of the financial services provider’s stock worth $942,000 after buying an additional 1,974 shares in the last quarter. Finally, Quest Partners LLC boosted its stake in Capital One Financial by 793,300.0% during the second quarter. Quest Partners LLC now owns 7,934 shares of the financial services provider’s stock valued at $1,098,000 after buying an additional 7,933 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling

In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the sale, the chief executive officer now owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the sale, the chief executive officer now directly owns 40,934 shares in the company, valued at approximately $5,438,491.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total value of $4,611,300.00. Following the sale, the insider now directly owns 73,734 shares in the company, valued at approximately $11,060,100. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Capital One Financial Stock Down 1.1 %

Shares of NYSE:COF opened at $136.46 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81. The business’s 50 day moving average is $141.51 and its 200 day moving average is $140.50. The stock has a market cap of $52.11 billion, a P/E ratio of 10.69, a price-to-earnings-growth ratio of 1.10 and a beta of 1.44. Capital One Financial Co. has a 52-week low of $88.23 and a 52-week high of $153.35.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The business had revenue of $9.51 billion during the quarter, compared to analysts’ expectations of $9.57 billion. During the same period last year, the company earned $3.52 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. Sell-side analysts predict that Capital One Financial Co. will post 13.1 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend was Monday, August 12th. Capital One Financial’s payout ratio is 18.79%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on COF. BTIG Research initiated coverage on Capital One Financial in a report on Friday, June 7th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. increased their price objective on shares of Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a research report on Monday, July 8th. Evercore ISI reduced their target price on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a report on Tuesday, June 25th. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and increased their price target for the company from $145.00 to $165.00 in a report on Thursday, June 6th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $150.00 target price on shares of Capital One Financial in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Capital One Financial currently has an average rating of “Hold” and an average price target of $145.89.

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.