Miles Capital Inc. reduced its stake in shares of Capital One Financial Corp. (NYSE:COF) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,560 shares of the financial services provider’s stock after selling 947 shares during the quarter. Capital One Financial accounts for 1.3% of Miles Capital Inc.’s holdings, making the stock its 14th largest position. Miles Capital Inc.’s holdings in Capital One Financial were worth $1,601,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently made changes to their positions in COF. Nuveen Asset Management LLC grew its holdings in Capital One Financial by 5,895.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,445,232 shares of the financial services provider’s stock valued at $221,880,000 after buying an additional 2,404,445 shares in the last quarter. Hexavest Inc. acquired a new stake in shares of Capital One Financial in the fourth quarter valued at $39,709,000. Atalanta Sosnoff Capital LLC purchased a new stake in Capital One Financial during the third quarter worth about $34,796,000. Railway Pension Investments Ltd increased its stake in Capital One Financial by 366.1% during the 3rd quarter. Railway Pension Investments Ltd now owns 469,109 shares of the financial services provider’s stock worth $42,679,000 after buying an additional 368,474 shares during the period. Finally, Man Group plc increased its position in shares of Capital One Financial by 77.4% during the third quarter. Man Group plc now owns 660,778 shares of the financial services provider’s stock worth $60,119,000 after acquiring an additional 288,374 shares during the period. 89.08% of the stock is owned by institutional investors.
In other news, insider John G. Finneran, Jr. sold 56,939 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $97.26, for a total value of $5,537,887.14. Also, CEO Kevin S. Borgmann sold 78,695 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $99.92, for a total transaction of $7,863,204.40. Following the completion of the sale, the chief executive officer now owns 78,944 shares of the company’s stock, valued at approximately $7,888,084.48. The disclosure for this sale can be found here. Insiders have sold a total of 281,026 shares of company stock valued at $28,179,260 over the last ninety days. 1.43% of the stock is owned by insiders.
Shares of NYSE:COF traded down $1.37 on Tuesday, reaching $102.76. The company’s stock had a trading volume of 43,572 shares, compared to its average volume of 1,488,456. Capital One Financial Corp. has a 52-week low of $76.82 and a 52-week high of $105.70. The stock has a market capitalization of $48.50 billion, a P/E ratio of 9.12, a PEG ratio of 1.15 and a beta of 1.29. The stock’s 50-day moving average is $102.48 and its two-hundred day moving average is $94.21. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.02 and a quick ratio of 1.01.
Capital One Financial (NYSE:COF) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $3.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.87 by $0.45. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $7.19 billion. Capital One Financial had a return on equity of 10.40% and a net margin of 16.84%. The business’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the company posted $3.12 earnings per share. Equities analysts forecast that Capital One Financial Corp. will post 12 earnings per share for the current fiscal year.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Capital One Financial from a “buy” rating to a “hold” rating and set a $101.00 target price on the stock. in a research report on Wednesday, October 30th. Credit Suisse Group set a $116.00 price target on shares of Capital One Financial and gave the company a “buy” rating in a research report on Friday, October 25th. UBS Group downgraded shares of Capital One Financial from a “buy” rating to a “neutral” rating and set a $108.00 price objective for the company. in a research note on Tuesday, January 7th. BMO Capital Markets raised their price objective on Capital One Financial from $141.00 to $153.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Barclays reaffirmed a “buy” rating and set a $136.00 price objective on shares of Capital One Financial in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Capital One Financial currently has a consensus rating of “Hold” and a consensus target price of $111.69.
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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