InterOcean Capital Group LLC Sells 328 Shares of Capital One Financial Co. (NYSE:COF)

InterOcean Capital Group LLC lowered its holdings in Capital One Financial Co. (NYSE:COF) by 13.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,134 shares of the financial services provider’s stock after selling 328 shares during the period. InterOcean Capital Group LLC’s holdings in Capital One Financial were worth $318,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Norges Bank bought a new position in Capital One Financial during the fourth quarter valued at approximately $409,831,000. Capital Research Global Investors boosted its position in Capital One Financial by 16.7% during the fourth quarter. Capital Research Global Investors now owns 12,227,848 shares of the financial services provider’s stock valued at $1,603,316,000 after buying an additional 1,745,545 shares during the period. Clearbridge Investments LLC grew its stake in shares of Capital One Financial by 18.8% during the first quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock valued at $517,184,000 after buying an additional 549,665 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of Capital One Financial by 443.1% in the 4th 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 last quarter. Finally, Panagora Asset Management Inc. boosted its holdings in Capital One Financial by 5,968.2% during the 4th quarter. Panagora Asset Management Inc. now owns 418,404 shares of the financial services provider’s stock valued at $54,861,000 after acquiring an additional 411,509 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling

In other Capital One Financial news, insider Robert M. Alexander sold 30,742 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the transaction, the insider now owns 73,734 shares in the company, valued at approximately $11,060,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Capital One Financial news, insider Celia Karam sold 16,913 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $142.88, for a total value of $2,416,529.44. Following the transaction, the insider now directly owns 47,081 shares of the company’s stock, valued at $6,726,933.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert M. Alexander sold 30,742 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the sale, the insider now directly owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,311 shares of company stock worth $8,274,640. 1.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

COF has been the topic of several recent analyst reports. Evercore ISI cut their target price on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a report on Tuesday, June 25th. JPMorgan Chase & Co. raised their target price on Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a research note on Monday, July 8th. Wells Fargo & Company upped their price target on Capital One Financial from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $150.00 price objective on shares of Capital One Financial in a research report on Thursday. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $159.00 target price on shares of Capital One Financial in a report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $145.89.

Capital One Financial Stock Up 1.2 %

Shares of COF traded up $1.70 during trading hours on Thursday, hitting $148.11. The company had a trading volume of 2,666,044 shares, compared to its average volume of 2,556,811. The stock has a market capitalization of $56.31 billion, a price-to-earnings ratio of 11.72, a P/E/G ratio of 1.14 and a beta of 1.45. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.00 and a current ratio of 1.01. Capital One Financial Co. has a 52-week low of $88.23 and a 52-week high of $153.35. The firm has a fifty day moving average price of $139.05 and a 200-day moving average price of $138.59.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share for the quarter, missing the consensus estimate of $3.28 by ($0.14). Capital One Financial had a net margin of 9.01% and a return on equity of 9.37%. The firm had revenue of $9.51 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same period last year, the business earned $3.52 EPS. Capital One Financial’s revenue was up 5.5% on a year-over-year basis. On average, equities research analysts forecast that Capital One Financial Co. will post 13.4 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, May 10th. Capital One Financial’s payout ratio is currently 18.79%.

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.