Los Angeles Capital Management LLC lowered its position in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 6.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 467,683 shares of the financial services provider's stock after selling 32,571 shares during the period. Los Angeles Capital Management LLC owned 0.12% of Capital One Financial worth $70,026,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the business. Arvest Investments Inc. increased its holdings in shares of 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 acquiring an additional 75 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. acquired a new position in Capital One Financial in the third quarter valued at approximately $239,000. Crossmark Global Holdings Inc. increased its stake in Capital One Financial by 2.5% in the third quarter. Crossmark Global Holdings Inc. now owns 52,639 shares of the financial services provider's stock valued at $7,881,000 after purchasing an additional 1,277 shares during the last quarter. Axxcess Wealth Management LLC raised its holdings in Capital One Financial by 6.1% during the third quarter. Axxcess Wealth Management LLC now owns 5,358 shares of the financial services provider's stock worth $802,000 after purchasing an additional 310 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC lifted its position in shares of Capital One Financial by 6.3% during the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 2,122 shares of the financial services provider's stock worth $318,000 after buying an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.
Wall Street Analysts Forecast Growth
COF has been the topic of a number of recent analyst reports. Robert W. Baird increased their target price on shares of Capital One Financial from $145.00 to $150.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. Evercore ISI lifted their target price on Capital One Financial from $163.00 to $184.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. upped their target price on Capital One Financial from $156.00 to $157.00 and gave the company a "neutral" rating in a research report on Monday, October 7th. Bank of America raised their price target on Capital One Financial from $158.00 to $161.00 and gave the stock a "buy" rating in a research note on Wednesday, July 24th. Finally, Citigroup started coverage on Capital One Financial in a report on Friday, September 20th. They issued a "buy" rating and a $190.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Capital One Financial currently has an average rating of "Hold" and an average price target of $156.35.
Read Our Latest Research Report on COF
Capital One Financial Stock Performance
Shares of NYSE:COF traded up $0.39 during midday trading on Friday, hitting $185.21. The stock had a trading volume of 4,247,350 shares, compared to its average volume of 3,288,352. Capital One Financial Co. has a 1 year low of $102.63 and a 1 year high of $198.30. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78. The stock has a 50 day moving average price of $153.47 and a two-hundred day moving average price of $144.96. The company has a market capitalization of $70.66 billion, a PE ratio of 17.49, a P/E/G ratio of 1.42 and a beta of 1.43.
Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, beating analysts' consensus estimates of $3.70 by $0.81. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. 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 company earned $4.45 EPS. As a group, equities analysts predict that Capital One Financial Co. will post 13.46 earnings per share for the current fiscal year.
Capital One Financial Announces Dividend
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 issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Thursday, November 14th. Capital One Financial's dividend payout ratio (DPR) is currently 22.66%.
Insiders Place Their Bets
In other news, insider Frank G. LapradeIii sold 15,751 shares of the stock in a transaction dated Thursday, October 17th. The shares were 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 owns 44,711 shares in the company, valued at $7,153,760. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Capital One Financial news, insider Frank G. LapradeIii sold 15,751 shares of the stock in a transaction dated Thursday, October 17th. The shares were 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 of the company's stock, valued at approximately $7,153,760. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total value of $323,765.78. Following the sale, the insider now directly owns 19,776 shares in the company, valued at $3,211,029.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.
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.
See Also
Before you consider Capital One Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Capital One Financial wasn't on the list.
While Capital One Financial currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.