MetLife Investment Management LLC Sells 2,618 Shares of Capital One Financial Co. (NYSE:COF)

MetLife Investment Management LLC lessened its stake in Capital One Financial Co. (NYSE:COF - Free Report) by 2.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,234 shares of the financial services provider's stock after selling 2,618 shares during the quarter. MetLife Investment Management LLC's holdings in Capital One Financial were worth $14,858,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. CreativeOne Wealth LLC grew its position in Capital One Financial by 16.7% in the third quarter. CreativeOne Wealth LLC now owns 2,087 shares of the financial services provider's stock valued at $313,000 after purchasing an additional 298 shares in the last quarter. Glenmede Trust Co. NA increased its position in Capital One Financial by 11.9% during the third quarter. Glenmede Trust Co. NA now owns 54,644 shares of the financial services provider's stock worth $8,182,000 after buying an additional 5,819 shares during the last quarter. Bridgewater Associates LP lifted its holdings in Capital One Financial by 100.0% during the 3rd quarter. Bridgewater Associates LP now owns 87,650 shares of the financial services provider's stock valued at $13,124,000 after purchasing an additional 43,818 shares during the last quarter. Townsquare Capital LLC raised its holdings in Capital One Financial by 13.8% in the 3rd quarter. Townsquare Capital LLC now owns 16,704 shares of the financial services provider's stock valued at $2,501,000 after acquiring an additional 2,032 shares during the period. Finally, Baldwin Investment Management LLC increased its position in Capital One Financial by 0.6% during the 3rd quarter. Baldwin Investment Management LLC now owns 12,215 shares of the financial services provider's stock worth $1,829,000 after buying an additional 70 shares during the period. Institutional investors own 89.84% of the company's stock.

Insider Transactions at Capital One Financial

In other news, insider Kara West sold 721 shares of the 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 sale, the insider now owns 12,929 shares in the company, valued at $2,388,374.17. This represents a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Frank G. LapradeIii sold 15,751 shares of the business's stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the transaction, the insider now owns 44,711 shares in the company, valued at approximately $7,153,760. This trade represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,007 shares of company stock valued at $4,982,647 over the last ninety days. 1.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on COF shares. Barclays increased their target price on shares of Capital One Financial from $154.00 to $158.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 8th. Citigroup initiated coverage on Capital One Financial in a research note on Friday, September 20th. They set a "buy" rating and a $190.00 price objective on the stock. Royal Bank of Canada upped their target price on 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. Evercore ISI raised their price target 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. Finally, The Goldman Sachs Group upped their price objective on shares of Capital One Financial from $182.00 to $205.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Capital One Financial currently has a consensus rating of "Hold" and an average target price of $160.18.

Capital One Financial Stock Down 0.1 %

Shares of NYSE:COF traded down $0.16 during trading on Thursday, reaching $191.29. 1,561,079 shares of the stock were exchanged, compared to its average volume of 2,579,206. The stock has a fifty day moving average of $165.02 and a two-hundred day moving average of $148.80. Capital One Financial Co. has a 1-year low of $106.14 and a 1-year 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 firm has a market cap of $72.98 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 1.40 and a beta of 1.43.

Capital One Financial (NYSE:COF - Get Free Report) last released 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. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $9.88 billion. During the same period last year, the firm earned $4.45 earnings per share. The business's quarterly revenue was up 6.8% compared to the same quarter last year. Research analysts anticipate that Capital One Financial Co. will post 13.54 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Thursday, November 14th. Capital One Financial's dividend payout ratio is currently 22.66%.

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.