Cadence Bank Reduces Stock Holdings in Capital One Financial Co. (NYSE:COF)

Cadence Bank lessened its stake in Capital One Financial Co. (NYSE:COF) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,770 shares of the financial services provider’s stock after selling 192 shares during the quarter. Cadence Bank’s holdings in Capital One Financial were worth $2,810,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. LRI Investments LLC purchased a new stake in Capital One Financial during the 1st quarter worth $25,000. Y.D. More Investments Ltd acquired a new stake in shares of Capital One Financial during the second quarter valued at about $28,000. Hobbs Group Advisors LLC purchased a new stake in shares of Capital One Financial during the second quarter worth about $29,000. Unique Wealth Strategies LLC acquired a new position in shares of Capital One Financial in the second quarter worth about $36,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Capital One Financial during the 3rd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 10,541 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total value of $2,005,530.66. Following the completion of the sale, the insider now directly owns 26,482 shares in the company, valued at $5,038,465.32. This represents a 28.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Frank G. LapradeIii sold 15,751 shares of Capital One Financial stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $160.00, for a total value of $2,520,160.00. Following the transaction, the insider now owns 44,711 shares in the company, valued at approximately $7,153,760. This trade represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,007 shares of company stock valued at $4,982,647. Company insiders own 1.30% of the company’s stock.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $191.50 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78. The firm’s 50 day moving average is $164.10 and its two-hundred day moving average is $148.50. The firm has a market capitalization of $73.06 billion, a P/E ratio of 18.08, a PEG ratio of 1.40 and a beta of 1.43. Capital One Financial Co. has a 52 week low of $105.43 and a 52 week high of $198.30.

Capital One Financial (NYSE:COF) last announced its earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.81. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.88 billion. During the same quarter in the previous year, the business earned $4.45 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Analysts anticipate that Capital One Financial Co. will post 13.54 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were given a $0.60 dividend. The ex-dividend date was Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a yield of 1.25%. Capital One Financial’s dividend payout ratio is presently 22.66%.

Analysts Set New Price Targets

COF has been the topic of a number of recent analyst reports. Royal Bank of Canada upped their target price on Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Robert W. Baird raised their price objective on shares of Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. The Goldman Sachs Group upped their target price on shares of Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Citigroup assumed coverage on Capital One Financial in a research note on Friday, September 20th. They issued a “buy” rating and a $190.00 price target for the company. Finally, Barclays increased their target price on Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Capital One Financial currently has an average rating of “Hold” and a consensus target price of $160.18.

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.