Patton Fund Management Inc. Cuts Stock Position in Capital One Financial Co. (NYSE:COF)

Patton Fund Management Inc. lessened its stake in shares of Capital One Financial Co. (NYSE:COF) by 23.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,672 shares of the financial services provider’s stock after selling 5,300 shares during the quarter. Patton Fund Management Inc.’s holdings in Capital One Financial were worth $3,169,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Norden Group LLC raised its stake in shares of Capital One Financial by 2.6% during the fourth quarter. Norden Group LLC now owns 2,010 shares of the financial services provider’s stock worth $358,000 after purchasing an additional 51 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Capital One Financial by 1.0% during the fourth quarter. Quadrant Capital Group LLC now owns 5,247 shares of the financial services provider’s stock worth $936,000 after purchasing an additional 54 shares during the last quarter. Family Legacy Inc. raised its stake in shares of Capital One Financial by 0.8% during the fourth quarter. Family Legacy Inc. now owns 7,980 shares of the financial services provider’s stock worth $1,438,000 after purchasing an additional 60 shares during the last quarter. Opal Wealth Advisors LLC raised its stake in shares of Capital One Financial by 3.1% during the first quarter. Opal Wealth Advisors LLC now owns 2,155 shares of the financial services provider’s stock worth $386,000 after purchasing an additional 64 shares during the last quarter. Finally, FFT Wealth Management LLC raised its stake in shares of Capital One Financial by 2.4% during the fourth quarter. FFT Wealth Management LLC now owns 2,720 shares of the financial services provider’s stock worth $485,000 after purchasing an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. BTIG Research upgraded Capital One Financial from a “neutral” rating to a “buy” rating and set a $208.00 price objective for the company in a research report on Tuesday, March 25th. Robert W. Baird upgraded Capital One Financial from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $190.00 to $200.00 in a research report on Tuesday, March 11th. JPMorgan Chase & Co. cut their price objective on Capital One Financial from $198.00 to $170.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Bank of America increased their price objective on Capital One Financial from $223.00 to $233.00 and gave the stock a “buy” rating in a research report on Wednesday, May 21st. Finally, Evercore ISI upgraded Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 price target for the company in a research report on Wednesday, March 12th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $210.64.

Insiders Place Their Bets

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

Capital One Financial Stock Up 2.5%

Shares of NYSE:COF opened at $197.63 on Tuesday. The stock’s 50-day moving average price is $185.42 and its two-hundred day moving average price is $185.36. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. Capital One Financial Co. has a 12-month low of $128.23 and a 12-month high of $210.67. The firm has a market cap of $75.72 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 1.19 and a beta of 1.13.

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

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Friday, May 23rd. Capital One Financial’s payout ratio is 20.15%.

Capital One Financial Company 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.