Dumont & Blake Investment Advisors LLC Cuts Stake in Capital One Financial Corporation $COF

Dumont & Blake Investment Advisors LLC lowered its stake in shares of Capital One Financial Corporation (NYSE:COF) by 1.2% in the second quarter, Holdings Channel reports. The firm owned 11,346 shares of the financial services provider’s stock after selling 140 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Capital One Financial were worth $2,414,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Moisand Fitzgerald Tamayo LLC grew its stake in Capital One Financial by 103.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 62 shares in the last quarter. Olistico Wealth LLC increased its holdings in shares of Capital One Financial by 439.1% in the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 101 shares during the last quarter. RMG Wealth Management LLC acquired a new stake in shares of Capital One Financial in the second quarter valued at approximately $27,000. Signature Resources Capital Management LLC acquired a new stake in shares of Capital One Financial in the second quarter valued at approximately $28,000. Finally, WPG Advisers LLC acquired a new stake in shares of Capital One Financial in the first quarter valued at approximately $25,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

COF has been the topic of several recent analyst reports. Robert W. Baird boosted their target price on shares of Capital One Financial from $240.00 to $245.00 and gave the company an “outperform” rating in a report on Thursday, October 2nd. UBS Group decreased their target price on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Royal Bank Of Canada boosted their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a report on Wednesday, July 23rd. Keefe, Bruyette & Woods boosted their target price on shares of Capital One Financial from $248.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Capital One Financial from $215.00 to $224.00 and gave the company a “hold” rating in a report on Thursday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $252.78.

Capital One Financial Price Performance

Capital One Financial stock opened at $211.25 on Friday. The firm has a market cap of $135.10 billion, a PE ratio of 108.33, a price-to-earnings-growth ratio of 0.76 and a beta of 1.18. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The company’s 50 day moving average is $219.01 and its two-hundred day moving average is $203.37.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to analysts’ expectations of $12.72 billion. During the same period in the prior year, the company posted $3.14 earnings per share. The company’s revenue for the quarter was up 31.4% on a year-over-year basis. On average, research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial’s dividend payout ratio (DPR) is 123.08%.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the firm’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider directly owned 27,364 shares of the company’s stock, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total transaction of $423,980.00. Following the transaction, the general counsel directly owned 98,486 shares in the company, valued at $20,878,047.14. The trade was a 1.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,298 shares of company stock valued at $5,103,824. Corporate insiders own 1.26% of the company’s stock.

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.