Capital One Financial Co. (NYSE:COF) Shares Sold by Blume Capital Management Inc.

Blume Capital Management Inc. reduced its stake in shares of Capital One Financial Co. (NYSE:COF) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,451 shares of the financial services provider’s stock after selling 215 shares during the quarter. Capital One Financial comprises approximately 2.2% of Blume Capital Management Inc.’s portfolio, making the stock its 15th largest holding. Blume Capital Management Inc.’s holdings in Capital One Financial were worth $8,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of COF. Pzena Investment Management LLC lifted its stake in shares of Capital One Financial by 8.3% in the third quarter. Pzena Investment Management LLC now owns 7,626,988 shares of the financial services provider’s stock valued at $740,199,000 after purchasing an additional 585,797 shares during the period. National Bank of Canada FI grew its position in Capital One Financial by 443.1% during the fourth quarter. National Bank of Canada FI now owns 553,744 shares of the financial services provider’s stock valued at $73,150,000 after acquiring an additional 451,789 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Capital One Financial during the fourth quarter worth approximately $46,268,000. Wellington Management Group LLP grew its stake in shares of Capital One Financial by 37.7% in the third quarter. Wellington Management Group LLP now owns 1,184,671 shares of the financial services provider’s stock valued at $114,972,000 after buying an additional 324,095 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Capital One Financial by 1,058.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 202,881 shares of the financial services provider’s stock worth $26,602,000 after acquiring an additional 185,370 shares during the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Trading Up 0.3 %

COF traded up $0.37 during midday trading on Thursday, hitting $143.20. 149,938 shares of the company were exchanged, compared to its average volume of 2,620,501. The firm’s 50 day moving average price is $141.46 and its 200-day moving average price is $128.71. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $54.44 billion, a P/E ratio of 11.19, a P/E/G ratio of 1.03 and a beta of 1.46. Capital One Financial Co. has a 1-year low of $85.22 and a 1-year high of $149.94.

Capital One Financial (NYSE:COF) last released its earnings results on Thursday, April 25th. The financial services provider reported $3.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.04). Capital One Financial had a net margin of 10.19% and a return on equity of 9.74%. The company had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.35 billion. During the same quarter in the previous year, the firm earned $2.31 EPS. The firm’s revenue was up 5.6% on a year-over-year basis. As a group, equities analysts forecast that Capital One Financial Co. will post 13.7 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 13th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, May 10th. Capital One Financial’s dividend payout ratio is presently 18.79%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. UBS Group lifted their target price on Capital One Financial from $132.00 to $140.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. BMO Capital Markets raised their price objective on shares of Capital One Financial from $124.00 to $125.00 and gave the company a “market perform” rating in a research report on Monday, January 29th. Royal Bank of Canada lifted their price target on Capital One Financial from $142.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 21st. Citigroup raised their target price on Capital One Financial from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Capital One Financial in a report on Wednesday, January 10th. They set a “hold” rating and a $153.00 price objective for the company. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $138.50.

Insiders Place Their Bets

In other Capital One Financial news, insider Timothy P. Golden sold 8,656 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the sale, the insider now owns 10,246 shares in the company, valued at $1,475,833.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

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.