Flippin Bruce & Porter Inc. lowered its position in Capital One Financial Corp. (NYSE:COF) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,194 shares of the financial services provider’s stock after selling 120 shares during the quarter. Flippin Bruce & Porter Inc.’s holdings in Capital One Financial were worth $2,656,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in COF. Next Capital Management LLC purchased a new stake in shares of Capital One Financial in the second quarter valued at $25,000. Coastal Capital Group Inc. purchased a new stake in shares of Capital One Financial in the second quarter valued at $39,000. Camarda Financial Advisors LLC raised its stake in shares of Capital One Financial by 318.9% in the second quarter. Camarda Financial Advisors LLC now owns 444 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 338 shares during the period. KCS Wealth Advisory purchased a new stake in shares of Capital One Financial in the third quarter valued at $45,000. Finally, Vista Private Wealth Partners. LLC purchased a new stake in shares of Capital One Financial in the third quarter valued at $58,000. 88.85% of the stock is currently owned by institutional investors and hedge funds.
COF stock traded down $0.44 during trading on Friday, hitting $97.26. The company had a trading volume of 2,078,460 shares, compared to its average volume of 2,329,336. The firm has a market capitalization of $45.31 billion, a P/E ratio of 8.94, a PEG ratio of 1.18 and a beta of 1.27. Capital One Financial Corp. has a 52-week low of $69.90 and a 52-week high of $99.62. The company has a 50 day simple moving average of $91.41 and a 200-day simple moving average of $90.35. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.85.
Capital One Financial (NYSE:COF) last posted its earnings results on Thursday, October 24th. The financial services provider reported $3.32 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $0.45. The business had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $7.19 billion. Capital One Financial had a net margin of 16.84% and a return on equity of 10.40%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the firm posted $3.12 EPS. Sell-side analysts forecast that Capital One Financial Corp. will post 11.88 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Friday, November 8th. Capital One Financial’s dividend payout ratio (DPR) is 14.71%.
Several research analysts recently commented on the stock. Morgan Stanley reaffirmed a “hold” rating and issued a $104.00 price target on shares of Capital One Financial in a research note on Tuesday, October 29th. Zacks Investment Research downgraded shares of Capital One Financial from a “buy” rating to a “hold” rating and set a $101.00 price target on the stock. in a research note on Wednesday, October 30th. Citigroup reduced their price target on shares of Capital One Financial from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. BMO Capital Markets raised their price target on shares of Capital One Financial from $141.00 to $153.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Piper Jaffray Companies reduced their price target on shares of Capital One Financial from $111.00 to $107.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $104.87.
In other Capital One Financial news, insider Timothy P. Golden sold 2,216 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $94.50, for a total transaction of $209,412.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bradford H. Warner sold 3,777 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $91.68, for a total transaction of $346,275.36. Following the transaction, the director now directly owns 43,207 shares in the company, valued at approximately $3,961,217.76. The disclosure for this sale can be found here. Company insiders own 1.43% of the company’s stock.
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.
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