Meridian Investment Counsel Inc. Sells 4,689 Shares of Capital One Financial Corporation $COF

Meridian Investment Counsel Inc. decreased its position in Capital One Financial Corporation (NYSE:COF) by 17.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 22,520 shares of the financial services provider’s stock after selling 4,689 shares during the period. Capital One Financial accounts for 1.0% of Meridian Investment Counsel Inc.’s holdings, making the stock its 24th largest position. Meridian Investment Counsel Inc.’s holdings in Capital One Financial were worth $4,348,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Solstein Capital LLC acquired a new stake in shares of Capital One Financial during the 2nd quarter worth approximately $26,000. Ballast Advisors LLC acquired a new position in Capital One Financial in the first quarter valued at approximately $27,000. Gilpin Wealth Management LLC acquired a new position in Capital One Financial in the third quarter valued at approximately $27,000. Frazier Financial Advisors LLC acquired a new position in Capital One Financial in the first quarter valued at approximately $29,000. Finally, Pension & Wealth Management Advisors Inc. purchased a new position in Capital One Financial in the second quarter worth approximately $31,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling

In other Capital One Financial news, insider Michael Zamsky sold 5,473 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $218.02, for a total value of $1,193,223.46. Following the completion of the transaction, the insider owned 27,992 shares in the company, valued at $6,102,815.84. The trade was a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Lia Dean sold 2,193 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $494,565.36. Following the completion of the transaction, the insider owned 63,261 shares of the company’s stock, valued at approximately $14,266,620.72. This trade represents a 3.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 33,850 shares of company stock worth $7,167,152 over the last three months. 0.78% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

COF has been the subject of several recent analyst reports. Wall Street Zen cut Capital One Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Evercore set a $220.00 target price on Capital One Financial in a research report on Thursday, October 1st. UBS Group upped their price target on Capital One Financial from $275.00 to $280.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Citigroup lowered their price target on Capital One Financial from $295.00 to $280.00 and set a “buy” rating for the company in a report on Tuesday, September 29th. Finally, HSBC upgraded Capital One Financial from a “hold” rating to a “buy” rating and increased their price target for the stock from $226.00 to $229.00 in a report on Sunday, July 12th. Twenty research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $255.04.

Capital One Financial Trading Down 2.0%

NYSE COF opened at $194.18 on Thursday. The firm has a 50 day simple moving average of $208.80 and a 200-day simple moving average of $200.06. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64. The firm has a market cap of $119.12 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 0.73 and a beta of 1.04.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The firm had revenue of $15.83 billion during the quarter, compared to analysts’ expectations of $15.76 billion. During the same quarter in the previous year, the business posted $5.48 earnings per share. The business’s quarterly revenue was up 26.9% compared to the same quarter last year. Equities research analysts anticipate that Capital One Financial Corporation will post 20.36 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, August 17th. Capital One Financial’s dividend payout ratio (DPR) is currently 19.80%.

Capital One Financial News Roundup

Here are the key news stories impacting Capital One Financial this week:

• Positive Sentiment: Analysts and earnings-focused research expect Capital One to outperform consensus estimates in its upcoming quarterly report. The company’s prior quarter included an earnings beat and strong year-over-year revenue growth, supporting optimism about continued operating momentum. Capital One Expected to Beat Earnings Estimates
• Positive Sentiment: A lawsuit filed by Capital One against real estate investor Scott Everett over an $11 million personal guaranty was reportedly dismissed. The development may reduce litigation-related uncertainty, although the financial impact appears limited relative to Capital One’s overall business. Scott Everett Bounces Back With Refinance and Lawsuit Dismissal
• Neutral Sentiment: Capital One is scheduled to report quarterly results, making earnings expectations and management commentary on credit quality, loan growth and funding costs the key near-term catalysts. Capital One Projected to Post Quarterly Earnings
• Neutral Sentiment: High certificate-of-deposit rates of up to 4.40% could help banks attract deposits but may also increase funding costs and pressure net interest margins. The effect on Capital One depends on deposit pricing and asset yields. Best CD Rates
• Negative Sentiment: The Treasury Department’s review found that the largest U.S. banks used reputation-risk policies that could allow political or social considerations to affect access to banking services. The findings may increase regulatory, compliance and reputational scrutiny across the banking sector, including Capital One. Treasury Review of Bank Debanking Policies

Capital One Financial Company Profile

Capital One Financial Corp. is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company provides credit cards, consumer banking products, auto financing and commercial banking services through its Capital One brand.

Capital One offers credit cards for consumers and businesses, checking and savings accounts, certificates of deposit, personal loans and auto loans. Its commercial banking operations serve businesses, institutions and commercial real estate clients with lending, deposit, treasury management and other financial services.

Capital One primarily serves customers in the United States, with additional operations in Canada and the United Kingdom.