Transform Wealth LLC Sells 645 Shares of Capital One Financial Co. (NYSE:COF)

Transform Wealth LLC lessened its stake in shares of Capital One Financial Co. (NYSE:COF) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,829 shares of the financial services provider’s stock after selling 645 shares during the quarter. Transform Wealth LLC’s holdings in Capital One Financial were worth $1,931,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Decker Retirement Planning Inc. purchased a new position in shares of Capital One Financial in the 4th quarter worth approximately $32,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Capital One Financial during the 3rd quarter valued at $36,000. Creative Financial Designs Inc. ADV boosted its position in shares of Capital One Financial by 135.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 166 shares in the last quarter. Eastern Bank purchased a new position in Capital One Financial during the 3rd quarter worth $44,000. Finally, Prospera Private Wealth LLC acquired a new position in Capital One Financial during the 3rd quarter valued at about $47,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on COF. Barclays raised shares of Capital One Financial from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $158.00 to $219.00 in a report on Monday, January 6th. Evercore ISI lifted their target price on Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. HSBC upgraded shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price target on the stock in a report on Tuesday, January 14th. The Goldman Sachs Group lifted their price objective 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. Finally, JPMorgan Chase & Co. increased their price objective on shares of Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday, December 9th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $188.06.

Capital One Financial Stock Up 1.4 %

Capital One Financial stock opened at $191.16 on Tuesday. Capital One Financial Co. has a fifty-two week low of $123.23 and a fifty-two week high of $198.30. The firm has a 50 day moving average price of $183.84 and a 200 day moving average price of $160.98. The company has a market capitalization of $72.88 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 1.23 and a beta of 1.46. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00.

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, topping the consensus estimate of $3.70 by $0.81. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.88 billion. During the same period in the prior year, the firm earned $4.45 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Research analysts expect that Capital One Financial Co. will post 13.53 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Thursday, November 14th. Capital One Financial’s dividend payout ratio (DPR) is presently 22.66%.

Insider Buying and Selling

In other news, insider Kara West sold 721 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $184.73, for a total value of $133,190.33. Following the completion of the sale, the insider now directly owns 12,929 shares of the company’s stock, valued at approximately $2,388,374.17. This represents a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Zamsky sold 10,541 shares of the firm’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 transaction of $2,005,530.66. Following the transaction, the insider now owns 26,482 shares in the company, valued at approximately $5,038,465.32. This trade represents a 28.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,256 shares of company stock worth $2,462,487 over the last 90 days. 1.30% of the stock is owned by 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.