Capital One Financial Corporation $COF Holdings Lowered by Lmcg Investments LLC

Lmcg Investments LLC trimmed its stake in shares of Capital One Financial Corporation (NYSE:COF) by 3.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,398 shares of the financial services provider’s stock after selling 2,826 shares during the quarter. Capital One Financial comprises 1.2% of Lmcg Investments LLC’s holdings, making the stock its 20th biggest position. Lmcg Investments LLC’s holdings in Capital One Financial were worth $18,595,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COF. Brighton Jones LLC raised its position in shares of Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after buying an additional 10,428 shares in the last quarter. Simon Quick Advisors LLC raised its position in shares of Capital One Financial by 22.8% during the 1st quarter. Simon Quick Advisors LLC now owns 2,708 shares of the financial services provider’s stock worth $486,000 after buying an additional 503 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Capital One Financial by 16.5% during the 1st quarter. Fifth Third Bancorp now owns 31,899 shares of the financial services provider’s stock worth $5,719,000 after buying an additional 4,509 shares in the last quarter. Founders Grove Wealth Partners LLC bought a new stake in shares of Capital One Financial during the 1st quarter worth about $219,000. Finally, CVA Family Office LLC raised its position in shares of Capital One Financial by 5.9% during the 1st quarter. CVA Family Office LLC now owns 1,446 shares of the financial services provider’s stock worth $259,000 after buying an additional 80 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Timothy P. Golden sold 3,462 shares of Capital One Financial stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total value of $727,989.36. Following the transaction, the chief accounting officer directly owned 8,987 shares of the company’s stock, valued at $1,889,786.36. This trade represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction that occurred 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 completion of the transaction, the general counsel directly owned 98,486 shares in the company, valued at approximately $20,878,047.14. This trade represents a 1.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,298 shares of company stock valued at $5,103,824. 1.26% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on COF shares. Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Capital One Financial in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Capital One Financial from $215.00 to $224.00 and gave the stock a “hold” rating in a research note on Thursday, October 2nd. TD Cowen lifted their price objective on shares of Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Capital One Financial from $248.00 to $235.00 and set a “neutral” rating on the stock in a research note on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $252.78.

Capital One Financial Stock Performance

Capital One Financial stock opened at $202.37 on Friday. The firm’s 50 day simple moving average is $219.02 and its 200-day simple moving average is $202.11. The company has a market cap of $129.42 billion, a P/E ratio of 103.78, a price-to-earnings-growth ratio of 0.77 and a beta of 1.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping the consensus estimate 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. The business’s revenue was up 31.4% on a year-over-year basis. During the same period last year, the business earned $3.14 earnings per share. As a group, equities research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial’s dividend payout ratio (DPR) is 123.08%.

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.