Cornerstone Advisors LLC Decreases Position in Capital One Financial Co. (NYSE:COF)

Cornerstone Advisors LLC reduced its stake in Capital One Financial Co. (NYSE:COF - Free Report) by 52.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,300 shares of the financial services provider's stock after selling 7,900 shares during the period. Cornerstone Advisors LLC's holdings in Capital One Financial were worth $1,011,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Silicon Valley Capital Partners bought a new position in Capital One Financial in the first quarter valued at about $25,000. LRI Investments LLC acquired a new stake in Capital One Financial during the 1st quarter worth approximately $25,000. Y.D. More Investments Ltd acquired a new stake in Capital One Financial during the 2nd quarter worth approximately $28,000. Hobbs Group Advisors LLC acquired a new position in Capital One Financial in the 2nd quarter valued at approximately $29,000. Finally, Bartlett & CO. Wealth Management LLC increased its position in Capital One Financial by 726.7% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 248 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 218 shares during the period. 89.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on COF shares. 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 report on Thursday, June 6th. Bank of America upped their price target on Capital One Financial from $158.00 to $161.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th. Evercore ISI decreased their price target on Capital One Financial from $155.00 to $154.00 and set an "in-line" rating for the company in a research note on Tuesday, June 25th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $150.00 price objective on shares of Capital One Financial in a research note on Thursday, July 25th. Finally, BTIG Research initiated coverage on shares of Capital One Financial in a research report on Friday, June 7th. They set a "neutral" rating for the company. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $145.89.

Capital One Financial Stock Up 2.9 %

Shares of NYSE COF traded up $4.15 during trading on Tuesday, hitting $145.10. 2,165,995 shares of the company traded hands, compared to its average volume of 2,485,317. The firm has a market capitalization of $55.17 billion, a price-to-earnings ratio of 11.36, a P/E/G ratio of 1.08 and a beta of 1.44. The business's fifty day moving average is $141.82 and its 200 day moving average is $140.64. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00. Capital One Financial Co. has a fifty-two week low of $88.23 and a fifty-two week high of $153.35.

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 analyst estimates of $9.57 billion. During the same period last year, the company posted $3.52 earnings per share. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts predict that Capital One Financial Co. will post 13.1 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Monday, August 12th. Capital One Financial's dividend payout ratio is currently 18.79%.

Insider Activity at Capital One Financial

In other news, insider Robert M. Alexander sold 30,742 shares of the business's stock in a transaction dated 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 sale, the insider now directly owns 73,734 shares of the company's stock, valued at $11,060,100. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction on 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 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 accessible through this hyperlink. Also, insider Robert M. Alexander sold 30,742 shares of the company's stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the transaction, the insider now owns 73,734 shares of the company's stock, valued at approximately $11,060,100. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Capital One Financial Company 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.