Balentine LLC Trims Stake in Capital One Financial Co. (NYSE:COF)

Balentine LLC cut its stake in shares of Capital One Financial Co. (NYSE:COF) by 33.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,986 shares of the financial services provider’s stock after selling 1,526 shares during the period. Balentine LLC’s holdings in Capital One Financial were worth $392,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of COF. Comerica Bank boosted its position in shares of Capital One Financial by 158.7% in the third quarter. Comerica Bank now owns 87,852 shares of the financial services provider’s stock worth $8,526,000 after purchasing an additional 53,894 shares during the period. Montag A & Associates Inc. boosted its position in shares of Capital One Financial by 42,536.0% in the fourth quarter. Montag A & Associates Inc. now owns 21,318 shares of the financial services provider’s stock worth $2,795,000 after purchasing an additional 21,268 shares during the period. First Trust Direct Indexing L.P. boosted its position in shares of Capital One Financial by 14.3% during the fourth quarter. First Trust Direct Indexing L.P. now owns 12,715 shares of the financial services provider’s stock worth $1,667,000 after acquiring an additional 1,588 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Capital One Financial by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,498,413 shares of the financial services provider’s stock worth $242,471,000 after acquiring an additional 40,585 shares during the last quarter. Finally, National Pension Service boosted its position in shares of Capital One Financial by 2.8% during the fourth quarter. National Pension Service now owns 804,678 shares of the financial services provider’s stock worth $105,509,000 after acquiring an additional 21,845 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on COF. JPMorgan Chase & Co. upped their target price on shares of Capital One Financial from $134.00 to $152.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Royal Bank of Canada upped their price target on shares of Capital One Financial from $142.00 to $150.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 21st. BMO Capital Markets upped their price target on shares of Capital One Financial from $124.00 to $125.00 and gave the company a “market perform” rating in a research note on Monday, January 29th. Wolfe Research raised shares of Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price target on the stock in a research note on Thursday, April 4th. Finally, Wells Fargo & Company upped their price target on shares of Capital One Financial from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $138.50.

Capital One Financial Stock Down 1.3 %

Shares of Capital One Financial stock opened at $138.63 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.01 and a quick ratio of 1.00. Capital One Financial Co. has a 1 year low of $88.23 and a 1 year high of $149.94. The firm’s 50-day moving average is $142.39 and its two-hundred day moving average is $131.89. The stock has a market cap of $52.71 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 1.04 and a beta of 1.46.

Capital One Financial (NYSE:COF) last issued its earnings results on Thursday, April 25th. The financial services provider reported $3.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.25 by ($0.04). Capital One Financial had a return on equity of 9.74% and a net margin of 10.19%. The business had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $9.35 billion. During the same quarter in the previous year, the company earned $2.31 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. As a group, research analysts expect that Capital One Financial Co. will post 13.45 earnings per share 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. Shareholders of record on Monday, May 13th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.73%. The ex-dividend date is Friday, May 10th. Capital One Financial’s payout ratio is 18.79%.

Insiders Place Their Bets

In other news, insider Celia Karam sold 16,913 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $142.88, for a total value of $2,416,529.44. Following the sale, the insider now directly owns 47,081 shares in the company, valued at approximately $6,726,933.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Celia Karam sold 16,913 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $142.88, for a total value of $2,416,529.44. Following the sale, the insider now directly owns 47,081 shares in the company, valued at approximately $6,726,933.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timothy P. Golden sold 8,656 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the completion of the sale, the insider now owns 10,246 shares in the company, valued at $1,475,833.84. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Capital One Financial Profile

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.