CGN Advisors LLC Cuts Stock Holdings in Capital One Financial Co. (NYSE:COF)

CGN Advisors LLC cut its position in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 12.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,335 shares of the financial services provider's stock after selling 2,039 shares during the period. CGN Advisors LLC's holdings in Capital One Financial were worth $2,556,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Decker Retirement Planning Inc. acquired a new stake in shares of Capital One Financial during the 4th quarter worth about $32,000. Catalyst Capital Advisors LLC purchased a new position in Capital One Financial during the third quarter worth about $36,000. Creative Financial Designs Inc. ADV increased its position in shares of Capital One Financial by 135.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider's stock valued at $43,000 after acquiring an additional 166 shares during the last quarter. Eastern Bank purchased a new stake in shares of Capital One Financial in the 3rd quarter valued at approximately $44,000. Finally, Prospera Private Wealth LLC acquired a new position in shares of Capital One Financial in the 3rd quarter worth approximately $47,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Stock Up 1.4 %

Shares of Capital One Financial stock traded up $2.72 during trading hours on Friday, hitting $191.16. The company had a trading volume of 3,723,831 shares, compared to its average volume of 1,937,967. The company's 50-day moving average is $183.82 and its two-hundred day moving average is $160.45. Capital One Financial Co. has a twelve month low of $123.23 and a twelve 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 company has a market cap of $72.88 billion, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 1.12 and a beta of 1.46.

Capital One Financial (NYSE:COF - Get Free Report) last issued 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. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $9.88 billion. During the same quarter last year, the company posted $4.45 earnings per share. The business's quarterly revenue was up 6.8% compared to the same quarter last year. Analysts anticipate that Capital One Financial Co. will post 13.41 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Thursday, November 14th. Capital One Financial's dividend payout ratio is currently 22.66%.

Insider Activity

In other news, insider Michael Zamsky sold 10,541 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the sale, the insider now owns 26,482 shares in the company, valued at approximately $5,038,465.32. This represents a 28.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kara West sold 721 shares of the business's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $184.73, for a total value of $133,190.33. Following the completion of the transaction, the insider now owns 12,929 shares in the company, valued at $2,388,374.17. This trade represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,256 shares of company stock valued at $2,462,487. 1.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on COF. Barclays raised Capital One Financial from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $158.00 to $219.00 in a research report on Monday, January 6th. The Goldman Sachs Group boosted their price objective on Capital One Financial from $182.00 to $205.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Bank of America cut Capital One Financial from a "buy" rating to a "neutral" rating and lowered their target price for the company from $203.00 to $200.00 in a report on Monday, December 9th. Robert W. Baird boosted their price target on shares of Capital One Financial from $145.00 to $150.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Capital One Financial from $185.00 to $232.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Capital One Financial currently has a consensus rating of "Hold" and an average target price of $188.06.

About Capital One Financial

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.