Allspring Global Investments Holdings LLC Trims Stock Holdings in Capital One Financial Co. (NYSE:COF)

Allspring Global Investments Holdings LLC trimmed its position in Capital One Financial Co. (NYSE:COF - Free Report) by 3.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 83,472 shares of the financial services provider's stock after selling 3,386 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Capital One Financial were worth $12,498,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Sunbelt Securities Inc. grew its holdings in Capital One Financial by 24,525.0% during the first quarter. Sunbelt Securities Inc. now owns 985 shares of the financial services provider's stock valued at $147,000 after purchasing an additional 981 shares during the period. Hennessy Advisors Inc. raised its stake in Capital One Financial by 16.7% during the first quarter. Hennessy Advisors Inc. now owns 7,000 shares of the financial services provider's stock worth $1,042,000 after acquiring an additional 1,000 shares in the last quarter. Kathmere Capital Management LLC raised its position in Capital One Financial by 9.6% in the first quarter. Kathmere Capital Management LLC now owns 2,957 shares of the financial services provider's stock valued at $440,000 after purchasing an additional 258 shares during the last quarter. Trust Co. of Virginia VA bought a new stake in shares of Capital One Financial in the 1st quarter valued at about $224,000. Finally, Vicus Capital bought a new stake in Capital One Financial during the first quarter valued at $203,000. 89.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

COF has been the subject of several recent research reports. Citigroup started coverage on Capital One Financial in a report on Friday, September 20th. They set a "buy" rating and a $190.00 price target for the company. Bank of America raised their price objective on Capital One Financial from $158.00 to $161.00 and gave the company a "buy" rating in a report on Wednesday, July 24th. Robert W. Baird raised their target price on shares of Capital One Financial from $145.00 to $150.00 and gave the stock a "neutral" rating in a report on Friday. JPMorgan Chase & Co. raised their target price on shares of Capital One Financial from $156.00 to $157.00 and gave the stock a "neutral" rating in a research report on Monday, October 7th. Finally, Evercore ISI cut their price objective on shares of Capital One Financial from $166.00 to $163.00 and set an "in-line" rating on the stock in a report on Monday, October 7th. Twelve research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Capital One Financial has a consensus rating of "Hold" and a consensus price target of $152.39.

Capital One Financial Stock Performance

Shares of Capital One Financial stock traded up $8.01 during trading on Friday, hitting $161.27. 6,087,492 shares of the stock were exchanged, compared to its average volume of 2,466,654. The stock's fifty day moving average is $147.82 and its 200 day moving average is $142.87. The stock has a market cap of $61.31 billion, a PE ratio of 12.63, a P/E/G ratio of 1.22 and a beta of 1.44. 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 12 month low of $89.08 and a 12 month high of $167.93.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, topping the consensus estimate of $3.70 by $0.81. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The business had revenue of $10 billion during the quarter, compared to analysts' expectations of $9.88 billion. During the same period last year, the company posted $4.45 earnings per share. The firm's quarterly revenue was up 6.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Capital One Financial Co. will post 12.87 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were given 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 yield of 1.49%. Capital One Financial's dividend payout ratio (DPR) is 18.79%.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Frank G. LapradeIii sold 15,751 shares of the firm's stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the sale, the insider now directly owns 44,711 shares in the company, valued at approximately $7,153,760. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Capital One Financial news, insider Frank G. LapradeIii sold 15,751 shares of the company's stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total value of $2,520,160.00. Following the transaction, the insider now directly owns 44,711 shares of the company's stock, valued at $7,153,760. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 sale, the chief executive officer now directly owns 40,934 shares of the company's stock, valued at $5,438,491.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

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.