Hutchinson Capital Management CA Cuts Stake in Capital One Financial Co. (NYSE:COF)

Hutchinson Capital Management CA trimmed its holdings in Capital One Financial Co. (NYSE:COF) by 40.9% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 75,765 shares of the financial services provider’s stock after selling 52,423 shares during the quarter. Capital One Financial accounts for about 2.1% of Hutchinson Capital Management CA’s holdings, making the stock its 21st biggest holding. Hutchinson Capital Management CA’s holdings in Capital One Financial were worth $10,490,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Andra AP fonden lifted its stake in Capital One Financial by 22.8% in the second quarter. Andra AP fonden now owns 164,300 shares of the financial services provider’s stock worth $22,747,000 after purchasing an additional 30,500 shares during the last quarter. Choreo LLC grew its position in Capital One Financial by 1,173.1% during the 2nd quarter. Choreo LLC now owns 36,003 shares of the financial services provider’s stock worth $5,018,000 after acquiring an additional 33,175 shares during the last quarter. Prudential PLC increased its stake in Capital One Financial by 40.8% in the 2nd quarter. Prudential PLC now owns 6,807 shares of the financial services provider’s stock worth $942,000 after purchasing an additional 1,974 shares during the period. Quest Partners LLC lifted its position in Capital One Financial by 793,300.0% in the second quarter. Quest Partners LLC now owns 7,934 shares of the financial services provider’s stock valued at $1,098,000 after purchasing an additional 7,933 shares during the last quarter. Finally, Ballentine Partners LLC boosted its stake in shares of Capital One Financial by 61.3% during the second quarter. Ballentine Partners LLC now owns 3,334 shares of the financial services provider’s stock valued at $462,000 after purchasing an additional 1,267 shares during the period. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

Shares of COF opened at $142.60 on Tuesday. The firm’s 50-day simple moving average is $141.60 and its two-hundred day simple moving average is $140.52. Capital One Financial Co. has a fifty-two week low of $88.23 and a fifty-two week high of $153.35. The stock has a market cap of $54.45 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 1.10 and a beta of 1.44. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00.

Capital One Financial (NYSE:COF) last posted 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 return on equity of 9.31% and a net margin of 9.01%. The company had revenue of $9.51 billion during the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter in the previous year, the company earned $3.52 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts anticipate that Capital One Financial Co. will post 13.1 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Monday, August 12th. Capital One Financial’s dividend payout ratio is presently 18.79%.

Analysts Set New Price Targets

Several brokerages recently commented on COF. Evercore ISI decreased 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 research note on Tuesday, June 25th. BTIG Research initiated coverage on shares of Capital One Financial in a research report on Friday, June 7th. They issued a “neutral” rating on the stock. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and upped their price objective for the company from $145.00 to $165.00 in a research note on Thursday, June 6th. Royal Bank of Canada restated a “sector perform” rating and set a $150.00 price target on shares of Capital One Financial in a report on Thursday, July 25th. Finally, Bank of America increased their price objective on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $145.89.

Insider Buying and Selling

In other Capital One Financial news, insider Robert M. Alexander sold 30,742 shares of Capital One Financial stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the transaction, the insider now directly owns 73,734 shares of the company’s stock, valued at $11,060,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Capital One Financial news, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction on Wednesday, July 17th. The stock was 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 in the company, valued at approximately $11,060,100. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Kevin S. Borgmann sold 61,532 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total value of $8,175,141.52. Following the completion of the transaction, the chief executive officer now owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

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.