Capital One Financial Corporation $COF Stock: Investment Management Corp VA ADV Trims Position

Investment Management Corp VA ADV lowered its position in Capital One Financial Corporation (NYSE:COF) by 56.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,116 shares of the financial services provider’s stock after selling 2,764 shares during the period. Investment Management Corp VA ADV’s holdings in Capital One Financial were worth $409,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its position in shares of Capital One Financial by 107.9% during the second quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock valued at $11,491,259,000 after purchasing an additional 29,724,829 shares in the last quarter. Bank of America Corp DE purchased a new stake in Capital One Financial in the second quarter worth $1,435,311,000. Legal & General Group Plc bought a new position in Capital One Financial in the second quarter worth $680,983,000. Berkshire Hathaway Inc purchased a new position in Capital One Financial during the second quarter valued at $601,860,000. Finally, Canada Pension Plan Investment Board purchased a new position in Capital One Financial during the second quarter valued at $482,718,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

COF has been the topic of a number of research reports. BMO Capital Markets boosted their target price on shares of Capital One Financial from $219.00 to $225.00 and gave the company a “market perform” rating in a report on Wednesday, October 21st. Morgan Stanley decreased their price target on shares of Capital One Financial from $273.00 to $267.00 and set an “overweight” rating for the company in a research note on Monday, October 12th. Wall Street Zen lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. TD Cowen lifted their price target on shares of Capital One Financial from $242.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 21st. Finally, Wolfe Research boosted their price objective on shares of Capital One Financial from $255.00 to $275.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 25th. Twenty analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Capital One Financial has an average rating of “Moderate Buy” and an average price target of $256.50.

Insider Transactions at Capital One Financial

In related news, General Counsel Matthew Cooper sold 3,500 shares of the company’s stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $196.22, for a total value of $686,770.00. Following the transaction, the general counsel owned 79,694 shares in the company, valued at $15,637,556.68. The trade was a 4.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 2,017 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $206.07, for a total transaction of $415,643.19. Following the completion of the transaction, the insider owned 57,696 shares in the company, valued at approximately $11,889,414.72. The trade was a 3.38% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 205,937 shares of company stock worth $42,135,820 over the last quarter. Corporate insiders own 0.78% of the company’s stock.

Capital One Financial Stock Down 0.9%

Shares of NYSE:COF opened at $202.03 on Friday. The stock has a fifty day simple moving average of $203.60 and a two-hundred day simple moving average of $200.92. The stock has a market capitalization of $121.53 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 0.92 and a beta of 1.10. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, October 20th. The financial services provider reported $6.69 EPS for the quarter, topping the consensus estimate of $5.53 by $1.16. Capital One Financial had a return on equity of 11.64% and a net margin of 13.70%. The business had revenue of $16.31 billion for the quarter, compared to the consensus estimate of $16.25 billion. During the same period in the previous year, the company posted $5.95 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, research analysts anticipate that Capital One Financial Corporation will post 21.53 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, November 16th. Capital One Financial’s payout ratio is currently 18.89%.

Capital One Financial Profile