MAI Capital Management Decreases Stock Holdings in Capital One Financial Co. (NYSE:COF)

MAI Capital Management lessened its stake in Capital One Financial Co. (NYSE:COF - Free Report) by 53.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,324 shares of the financial services provider's stock after selling 6,134 shares during the quarter. MAI Capital Management's holdings in Capital One Financial were worth $797,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. LRI Investments LLC acquired a new position in Capital One Financial during the first quarter worth $25,000. Y.D. More Investments Ltd acquired a new position in Capital One Financial during the second quarter worth $28,000. Hobbs Group Advisors LLC acquired a new position in Capital One Financial during the second quarter worth $29,000. Unique Wealth Strategies LLC acquired a new stake in Capital One Financial in the second quarter valued at $36,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Capital One Financial in the third quarter valued at $36,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Analyst Upgrades and Downgrades

COF has been the subject of a number of recent analyst reports. Barclays increased their price target on shares of Capital One Financial from $154.00 to $158.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 8th. Robert W. Baird increased their price target on shares of Capital One Financial from $145.00 to $150.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. JPMorgan Chase & Co. increased their price target on shares of Capital One Financial from $156.00 to $157.00 and gave the company a "neutral" rating in a research note on Monday, October 7th. Evercore ISI increased their price target on shares of Capital One Financial from $163.00 to $184.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. Finally, Citigroup started coverage on shares of Capital One Financial in a research note on Friday, September 20th. They issued a "buy" rating and a $190.00 price target for the company. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Capital One Financial currently has a consensus rating of "Hold" and an average target price of $160.18.

Insiders Place Their Bets

In related news, insider Kara West sold 721 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $184.73, for a total value of $133,190.33. Following the transaction, the insider now directly owns 12,929 shares of the company's stock, valued at approximately $2,388,374.17. The trade was a 5.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Frank G. LapradeIii sold 15,751 shares of the business's stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the transaction, the insider now directly owns 44,711 shares in the company, valued at approximately $7,153,760. This represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,007 shares of company stock valued at $4,982,647. 1.30% of the stock is owned by insiders.

Capital One Financial Price Performance

NYSE COF traded up $4.42 on Friday, reaching $187.06. 2,024,601 shares of the company's stock traded hands, compared to its average volume of 2,574,579. Capital One Financial Co. has a 12 month low of $105.43 and a 12 month 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 has a 50-day simple moving average of $161.19 and a 200 day simple moving average of $147.44. The stock has a market cap of $71.37 billion, a PE ratio of 17.58, a P/E/G ratio of 1.32 and a beta of 1.43.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.81. The business had revenue of $10 billion for the quarter, compared to analysts' expectations of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The firm's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.45 earnings per share. As a group, research analysts predict that Capital One Financial Co. will post 13.54 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Thursday, November 14th. Capital One Financial's dividend payout ratio (DPR) is 22.66%.

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.