Meeder Asset Management Inc. Sells 23,677 Shares of Capital One Financial Co. (NYSE:COF)

Meeder Asset Management Inc. lowered its holdings in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 77.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,744 shares of the financial services provider's stock after selling 23,677 shares during the period. Meeder Asset Management Inc.'s holdings in Capital One Financial were worth $934,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Cantor Fitzgerald Investment Advisors L.P. bought a new stake in Capital One Financial during the fourth quarter worth approximately $2,299,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Capital One Financial by 21.4% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 27,493 shares of the financial services provider's stock valued at $4,093,000 after buying an additional 4,840 shares during the period. Twin Tree Management LP boosted its stake in Capital One Financial by 5.6% during the first quarter. Twin Tree Management LP now owns 68,504 shares of the financial services provider's stock valued at $10,200,000 after buying an additional 3,609 shares in the last quarter. Clear Harbor Asset Management LLC acquired a new position in Capital One Financial during the second quarter worth about $511,000. Finally, QRG Capital Management Inc. raised its position in Capital One Financial by 3.2% in the second quarter. QRG Capital Management Inc. now owns 122,264 shares of the financial services provider's stock worth $16,927,000 after acquiring an additional 3,776 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Insider Activity at Capital One Financial

In other news, CEO Kevin S. Borgmann sold 61,532 shares of the company's stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the sale, the chief executive officer now owns 40,934 shares in the company, valued at approximately $5,438,491.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Kevin S. Borgmann sold 61,532 shares of the business's stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the completion of the sale, the chief executive officer now directly owns 40,934 shares in the company, valued at $5,438,491.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert M. Alexander sold 30,742 shares of the firm's stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the transaction, the insider now owns 73,734 shares in the company, valued at $11,060,100. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on COF. JPMorgan Chase & Co. raised their price objective on shares of Capital One Financial from $148.00 to $155.00 and gave the company a "neutral" rating in a research report on Monday, July 8th. Jefferies Financial Group upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and lifted their price target for the stock from $145.00 to $165.00 in a research report on Thursday, June 6th. Evercore ISI cut their price objective on Capital One Financial from $155.00 to $154.00 and set an "in-line" rating for the company in a research report on Tuesday, June 25th. Royal Bank of Canada restated a "sector perform" rating and issued a $150.00 target price on shares of Capital One Financial in a report on Thursday, July 25th. Finally, Bank of America boosted their target price on Capital One Financial from $158.00 to $161.00 and gave the stock a "buy" rating in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $145.89.

Capital One Financial Stock Up 1.0 %

Shares of NYSE:COF traded up $1.43 during midday trading on Friday, hitting $138.97. 1,822,889 shares of the stock were exchanged, compared to its average volume of 2,486,401. The company has a market capitalization of $53.07 billion, a PE ratio of 10.88, a P/E/G ratio of 1.08 and a beta of 1.44. Capital One Financial Co. has a 52-week low of $88.23 and a 52-week high of $153.35. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00. The business's fifty day simple moving average is $141.56 and its two-hundred day simple moving average is $140.54.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share for the quarter, missing analysts' consensus estimates of $3.28 by ($0.14). Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The firm had revenue of $9.51 billion for the quarter, compared to analysts' expectations of $9.57 billion. During the same period last year, the business earned $3.52 earnings per share. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. As a group, research analysts predict that Capital One Financial Co. will post 13.1 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.40 annualized dividend and a dividend yield of 1.73%. Capital One Financial's dividend payout ratio (DPR) is 18.79%.

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.