Mizuho Securities USA LLC cut its position in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 16.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,761 shares of the financial services provider's stock after selling 4,704 shares during the quarter. Mizuho Securities USA LLC's holdings in Capital One Financial were worth $3,707,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in COF. Prossimo Advisors LLC grew its holdings in shares of Capital One Financial by 2.4% during the 3rd quarter. Prossimo Advisors LLC now owns 2,735 shares of the financial services provider's stock worth $410,000 after purchasing an additional 65 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in Capital One Financial by 3.9% during the third quarter. Arkadios Wealth Advisors now owns 1,780 shares of the financial services provider's stock worth $266,000 after buying an additional 66 shares in the last quarter. Harbour Investments Inc. boosted its stake in Capital One Financial by 0.7% during the third quarter. Harbour Investments Inc. now owns 9,579 shares of the financial services provider's stock worth $1,434,000 after buying an additional 71 shares in the last quarter. Arvest Investments Inc. increased its holdings in Capital One Financial by 1.2% in the 3rd quarter. Arvest Investments Inc. now owns 6,513 shares of the financial services provider's stock valued at $975,000 after buying an additional 75 shares during the period. Finally, Bangor Savings Bank raised its stake in shares of Capital One Financial by 20.8% in the 3rd quarter. Bangor Savings Bank now owns 448 shares of the financial services provider's stock valued at $67,000 after buying an additional 77 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors.
Capital One Financial Price Performance
Shares of COF stock traded up $4.42 during trading hours on Friday, reaching $187.06. 2,024,601 shares of the company were exchanged, compared to its average volume of 2,574,579. Capital One Financial Co. has a fifty-two week low of $105.43 and a fifty-two week high of $198.30. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00. The stock's fifty day moving average is $162.15 and its two-hundred day moving average is $147.74. The company has a market cap of $71.37 billion, a price-to-earnings ratio of 17.66, a P/E/G ratio of 1.32 and a beta of 1.43.
Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.81. The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The business's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.45 EPS. Sell-side analysts forecast that Capital One Financial Co. will post 13.54 earnings per share for the current fiscal year.
Capital One Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 14th will be given a $0.60 dividend. The ex-dividend date is Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a yield of 1.28%. Capital One Financial's payout ratio is 22.66%.
Analysts Set New Price Targets
Several brokerages have recently weighed in on COF. Royal Bank of Canada lifted their target price on shares of Capital One Financial from $150.00 to $160.00 and gave the company a "sector perform" rating in a research report on Friday, October 25th. The Goldman Sachs Group upped their price objective on Capital One Financial from $182.00 to $205.00 and gave the company a "buy" rating in a research note on Tuesday. Barclays increased their target price on Capital One Financial from $154.00 to $158.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 8th. Citigroup initiated coverage on Capital One Financial in a research note on Friday, September 20th. They issued a "buy" rating and a $190.00 price target on the stock. Finally, Robert W. Baird increased their price objective on Capital One Financial from $145.00 to $150.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $160.18.
Check Out Our Latest Analysis on COF
Insiders Place Their Bets
In other news, insider Kara West sold 721 shares of the company's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $184.73, for a total value of $133,190.33. Following the completion of the sale, the insider now directly owns 12,929 shares of the company's stock, valued at $2,388,374.17. This represents a 5.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the business's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total value of $323,765.78. Following the completion of the transaction, the insider now directly owns 19,776 shares of the company's stock, valued at approximately $3,211,029.12. The trade was a 9.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 29,007 shares of company stock valued at $4,982,647. 1.30% of the stock is currently owned by insiders.
Capital One Financial Company Profile
(
Free Report)
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.
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