Pictet Asset Management Holding SA lowered its position in Capital One Financial Corporation (NYSE:COF – Free Report) by 16.5% during the third quarter, HoldingsChannel reports. The firm owned 348,639 shares of the financial services provider’s stock after selling 69,120 shares during the period. Pictet Asset Management Holding SA’s holdings in Capital One Financial were worth $67,312,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Krilogy Financial LLC boosted its position in Capital One Financial by 69.0% during the third quarter. Krilogy Financial LLC now owns 25,629 shares of the financial services provider’s stock worth $4,948,000 after acquiring an additional 10,464 shares during the last quarter. Sculptor Capital LP purchased a new stake in Capital One Financial during the 1st quarter valued at about $33,932,000. Swiss National Bank grew its stake in Capital One Financial by 6.5% during the 1st quarter. Swiss National Bank now owns 1,865,716 shares of the financial services provider’s stock valued at $340,363,000 after acquiring an additional 113,200 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Capital One Financial during the 2nd quarter valued at about $73,364,000. Finally, Levin Capital Strategies L.P. raised its holdings in Capital One Financial by 3.3% in the 1st quarter. Levin Capital Strategies L.P. now owns 179,757 shares of the financial services provider’s stock valued at $32,793,000 after acquiring an additional 5,707 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.
Analyst Ratings Changes
A number of research firms have weighed in on COF. Barclays raised their target price on shares of Capital One Financial from $237.00 to $238.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 21st. Evercore restated an “outperform” rating and set a $230.00 target price on shares of Capital One Financial in a report on Tuesday, October 27th. UBS Group dropped their price target on Capital One Financial from $280.00 to $274.00 and set a “buy” rating for the company in a research report on Monday, November 2nd. Piper Sandler lifted their price objective on Capital One Financial from $260.00 to $269.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. Finally, Morgan Stanley dropped their price target on shares of Capital One Financial from $273.00 to $267.00 and set an “overweight” rating for the company in a research note on Monday, October 12th. Twenty analysts have rated the stock with a Buy rating and four 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 a consensus price target of $256.50.
Check Out Our Latest Stock Analysis on Capital One Financial
Capital One Financial Price Performance
COF opened at $198.63 on Tuesday. The stock’s 50-day moving average price is $203.26 and its 200 day moving average price is $200.76. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64. The firm has a market cap of $119.48 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 0.94 and a beta of 1.10. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45.
Capital One Financial (NYSE:COF – Get Free Report) last released its earnings results on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share for the quarter, beating the consensus estimate of $5.53 by $1.16. The company had revenue of $16.31 billion during the quarter, compared to the consensus estimate of $16.25 billion. Capital One Financial had a return on equity of 11.64% and a net margin of 13.70%. Capital One Financial’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $5.95 EPS. As a group, sell-side analysts expect that Capital One Financial Corporation will post 21.53 earnings per share for the current year.
Capital One Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. Capital One Financial’s dividend payout ratio (DPR) is presently 18.89%.
Insider Buying and Selling at Capital One Financial
In related news, General Counsel Matthew W. Cooper sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $214.10, for a total transaction of $749,350.00. Following the sale, the general counsel directly owned 83,194 shares of the company’s stock, valued at $17,811,835.40. This represents a 4.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 2,193 shares of the company’s stock in a transaction that occurred 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 sale, the insider directly owned 63,261 shares in the company, valued at approximately $14,266,620.72. The trade was a 3.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 202,145 shares of company stock worth $41,281,806. 0.78% of the stock is owned by company insiders.
About Capital One Financial
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