Capital One Financial Co. (NYSE:COF) Shares Sold by CCM Investment Advisers LLC

CCM Investment Advisers LLC lowered its holdings in Capital One Financial Co. (NYSE:COF) by 0.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,024 shares of the financial services provider’s stock after selling 370 shares during the period. CCM Investment Advisers LLC’s holdings in Capital One Financial were worth $12,731,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Capital One Financial by 21.4% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 27,493 shares of the financial services provider’s stock valued at $4,093,000 after purchasing an additional 4,840 shares in the last quarter. Twin Tree Management LP raised its holdings in shares of Capital One Financial by 5.6% during the 1st quarter. Twin Tree Management LP now owns 68,504 shares of the financial services provider’s stock valued at $10,200,000 after buying an additional 3,609 shares during the period. Clear Harbor Asset Management LLC purchased a new position in Capital One Financial in the 2nd quarter worth approximately $511,000. QRG Capital Management Inc. boosted its holdings in Capital One Financial by 3.2% in the 2nd quarter. QRG Capital Management Inc. now owns 122,264 shares of the financial services provider’s stock worth $16,927,000 after acquiring an additional 3,776 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its position in Capital One Financial by 20.4% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 15,817 shares of the financial services provider’s stock valued at $2,355,000 after acquiring an additional 2,675 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Activity

In other news, insider Robert M. Alexander sold 30,742 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction that occurred 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 directly owns 40,934 shares of the company’s stock, valued at $5,438,491.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Barclays boosted their target price on shares of Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Bank of America boosted their price objective on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Citigroup began coverage on Capital One Financial in a research note on Friday, September 20th. They set a “buy” rating and a $190.00 target price for the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $150.00 price target on shares of Capital One Financial in a research note on Thursday, July 25th. Finally, JPMorgan Chase & Co. increased their price target on Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a report on Monday. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $148.00.

Capital One Financial Stock Down 0.4 %

Shares of Capital One Financial stock opened at $151.13 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81. The firm has a market cap of $57.71 billion, a P/E ratio of 14.22, a P/E/G ratio of 1.22 and a beta of 1.44. Capital One Financial Co. has a fifty-two week low of $88.23 and a fifty-two week high of $154.18. The business has a 50-day moving average price of $142.90 and a 200 day moving average price of $141.89.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.14). The company had revenue of $9.51 billion for the quarter, compared to the consensus estimate of $9.57 billion. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $3.52 earnings per share. On average, sell-side analysts forecast that Capital One Financial Co. will post 12.87 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Monday, August 12th. Capital One Financial’s dividend payout ratio (DPR) is presently 22.58%.

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.