Capital One Financial Co. (NYSE:COF) Shares Sold by Focus Partners Wealth

Focus Partners Wealth cut its stake in shares of Capital One Financial Co. (NYSE:COF) by 23.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 22,575 shares of the financial services provider’s stock after selling 6,749 shares during the period. Focus Partners Wealth’s holdings in Capital One Financial were worth $4,053,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in COF. Barclays PLC raised its position in shares of Capital One Financial by 2.9% in the third quarter. Barclays PLC now owns 1,042,273 shares of the financial services provider’s stock valued at $156,058,000 after buying an additional 29,416 shares during the last quarter. Pines Wealth Management LLC acquired a new stake in shares of Capital One Financial in the fourth quarter valued at about $308,000. Oak Thistle LLC acquired a new stake in shares of Capital One Financial in the fourth quarter valued at about $313,000. Fifth Third Wealth Advisors LLC raised its position in shares of Capital One Financial by 5.0% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,942 shares of the financial services provider’s stock valued at $881,000 after buying an additional 234 shares during the last quarter. Finally, Rockland Trust Co. acquired a new stake in shares of Capital One Financial in the fourth quarter valued at about $387,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

COF has been the subject of a number of recent research reports. Citigroup reduced their target price on shares of Capital One Financial from $245.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Royal Bank of Canada set a $190.00 target price on shares of Capital One Financial and gave the company a “sector perform” rating in a research report on Monday, April 14th. Evercore ISI raised shares of Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 price objective for the company in a report on Wednesday, March 12th. Wells Fargo & Company upped their price objective on shares of Capital One Financial from $210.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Capital One Financial from $198.00 to $170.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and an average target price of $207.73.

Insiders Place Their Bets

In other news, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $198.70, for a total transaction of $329,444.60. Following the sale, the director now owns 56,244 shares of the company’s stock, valued at approximately $11,175,682.80. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Zamsky sold 9,560 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the sale, the insider now directly owns 20,089 shares in the company, valued at $4,005,746.60. This represents a 32.24% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Capital One Financial Trading Down 2.2%

Shares of COF stock opened at $196.59 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $75.32 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 1.19 and a beta of 1.13. The company has a 50-day moving average of $174.37 and a two-hundred day moving average of $183.21. Capital One Financial Co. has a 1-year low of $128.23 and a 1-year high of $210.67.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.31. The company had revenue of $10 billion during the quarter, compared to analyst estimates of $10.07 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. On average, analysts predict that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.22%. The ex-dividend date is Friday, May 23rd. Capital One Financial’s dividend payout ratio (DPR) is presently 20.15%.

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.