Davenport & Company LLC Has Cut Holding in Cof (COF) as Share Price Declined

August 10, 2018 - By Victoria Pittman

Capital One Financial Corporation (NYSE:COF) LogoInvestors sentiment decreased to 1.01 in 2018 Q1. Its down 0.02, from 1.03 in 2017Q4. It is negative, as 43 investors sold COF shares while 260 reduced holdings. 75 funds opened positions while 230 raised stakes. 418.02 million shares or 2.87% more from 406.36 million shares in 2017Q4 were reported. 5,617 were accumulated by Engineers Gate Manager L P. Northwestern Mutual Wealth Management has 11,942 shares for 0.01% of their portfolio. Schroder Gru reported 753,394 shares stake. Cullen Frost Bankers has 243,905 shares for 0.69% of their portfolio. Gemmer Asset Mngmt Ltd Liability Co holds 0.02% in Capital One Financial Corporation (NYSE:COF) or 525 shares. Wesbanco Natl Bank holds 113,428 shares. Ameritas Invest Prtn reported 10,024 shares. Twin Tree Mngmt LP has 0% invested in Capital One Financial Corporation (NYSE:COF) for 419 shares. Matrix Asset Advisors New York reported 122,239 shares. Putnam Investments Lc holds 0.31% in Capital One Financial Corporation (NYSE:COF) or 1.38M shares. Asset Mngmt One Limited holds 0.16% or 762,712 shares. Nomura Holdings Incorporated reported 69,306 shares stake. Martingale Asset Management Ltd Partnership holds 84,482 shares or 0.1% of its portfolio. Grantham Mayo Van Otterloo Co Ltd Company accumulated 4,100 shares. Moody National Bank Division stated it has 0.03% of its portfolio in Capital One Financial Corporation (NYSE:COF).

Since February 22, 2018, it had 0 insider buys, and 18 insider sales for $57.98 million activity. 2,203 Capital One Financial Corporation (NYSE:COF) shares with value of $213,471 were sold by Wassmer Michael J. Another trade for 1,711 shares valued at $165,967 was sold by Santos Kleber. Blackley Richard Scott also sold $215,429 worth of Capital One Financial Corporation (NYSE:COF) on Friday, March 16. $1.84 million worth of Capital One Financial Corporation (NYSE:COF) was sold by Berson Jory A on Thursday, June 7. The insider FAIRBANK RICHARD D sold $48,545. WARNER BRADFORD H sold 3,000 shares worth $285,150.

Davenport & Company Llc decreased its stake in Cof (COF) by 14.38% based on its latest 2018Q1 regulatory filing with the SEC. Davenport & Company Llc sold 413,088 shares as the company’s stock declined 5.90% with the market. The institutional investor held 2.46M shares of the major banks company at the end of 2018Q1, valued at $235.59 billion, down from 2.87 million at the end of the previous reported quarter. Davenport & Company Llc who had been investing in Cof for a number of months, seems to be less bullish one the $46.70 billion market cap company. The stock decreased 0.01% or $0.01 during the last trading session, reaching $97.62. About 1.28M shares traded. Capital One Financial Corporation (NYSE:COF) has risen 19.24% since August 10, 2017 and is uptrending. It has outperformed by 6.67% the S&P500.

Davenport & Company Llc, which manages about $7.13B and $8113.60B US Long portfolio, upped its stake in Vcsh (VCSH) by 8,506 shares to 68,238 shares, valued at $5.35 billion in 2018Q1, according to the filing. It also increased its holding in Bidu (NASDAQ:BIDU) by 82 shares in the quarter, for a total of 2,581 shares, and has risen its stake in Amt (NYSE:AMT).

Analysts await Capital One Financial Corporation (NYSE:COF) to report earnings on October, 23. They expect $2.86 earnings per share, up 18.18 % or $0.44 from last year’s $2.42 per share. COF’s profit will be $1.37B for 8.53 P/E if the $2.86 EPS becomes a reality. After $3.22 actual earnings per share reported by Capital One Financial Corporation for the previous quarter, Wall Street now forecasts -11.18 % negative EPS growth.

More news for Capital One Financial Corporation (NYSE:COF) were recently published by: Seekingalpha.com, which released: “Capital One: Avoid This Risky Loan Book” on July 25, 2018. Seekingalpha.com‘s article titled: “Bert’s Recent Stock Purchase – Tyson Foods” and published on August 06, 2018 is yet another important article.

Capital One Financial Corporation (NYSE:COF) Ratings Coverage

Among 14 analysts covering Capital One Financial (NYSE:COF), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. Capital One Financial had 20 analyst reports since February 21, 2018 according to SRatingsIntel. Credit Suisse upgraded Capital One Financial Corporation (NYSE:COF) rating on Monday, July 2. Credit Suisse has “Outperform” rating and $120 target. Robert W. Baird maintained it with “Hold” rating and $10100 target in Tuesday, April 24 report. The firm has “Buy” rating by Wells Fargo given on Thursday, March 29. The rating was maintained by UBS on Tuesday, August 7 with “Buy”. The firm has “Buy” rating given on Tuesday, March 27 by UBS. The rating was downgraded by Nomura to “Hold” on Wednesday, February 21. The rating was maintained by BMO Capital Markets with “Outperform” on Wednesday, May 9. BMO Capital Markets maintained Capital One Financial Corporation (NYSE:COF) rating on Monday, July 30. BMO Capital Markets has “Outperform” rating and $135 target. BMO Capital Markets maintained the stock with “Outperform” rating in Friday, July 20 report. The firm has “Neutral” rating by Instinet given on Wednesday, February 21.

Capital One Financial Corporation (NYSE:COF) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.