Pinnacle Financial Partners Inc Sells 90,213 Shares of Capital One Financial Co. (NYSE:COF)

Pinnacle Financial Partners Inc lessened its position in Capital One Financial Co. (NYSE:COF - Free Report) by 86.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,777 shares of the financial services provider's stock after selling 90,213 shares during the period. Pinnacle Financial Partners Inc's holdings in Capital One Financial were worth $2,063,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Asset Management One Co. Ltd. boosted its stake in shares of Capital One Financial by 5.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 146,769 shares of the financial services provider's stock valued at $21,976,000 after purchasing an additional 7,331 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Capital One Financial during the 3rd quarter valued at about $1,649,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Capital One Financial by 21.4% during the 1st 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 purchasing an additional 4,840 shares in the last quarter. Twin Tree Management LP boosted its stake in shares of Capital One Financial by 5.6% during the 1st quarter. Twin Tree Management LP now owns 68,504 shares of the financial services provider's stock valued at $10,200,000 after purchasing an additional 3,609 shares in the last quarter. Finally, Clear Harbor Asset Management LLC bought a new stake in shares of Capital One Financial during the 2nd quarter valued at about $511,000. Institutional investors own 89.84% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on COF shares. JPMorgan Chase & Co. lifted their target price on shares of Capital One Financial from $156.00 to $157.00 and gave the company a "neutral" rating in a research note on Monday, October 7th. Citigroup initiated coverage on shares of Capital One Financial in a research note on Friday, September 20th. They set a "buy" rating and a $190.00 target price on the stock. Barclays lifted their price target on shares of Capital One Financial from $154.00 to $158.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 8th. Robert W. Baird lifted their price target 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. Finally, Royal Bank of Canada lifted their price target on shares of 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. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of "Hold" and an average target price of $156.35.

Insider Activity

In related news, insider Mark Daniel Mouadeb sold 1,994 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total transaction of $323,765.78. Following the completion of the sale, the insider now directly owns 19,776 shares in the company, valued at approximately $3,211,029.12. The trade was a 9.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kara West sold 721 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $184.73, for a total transaction of $133,190.33. Following the sale, the insider now owns 12,929 shares of the company's stock, valued at $2,388,374.17. This trade represents a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,007 shares of company stock valued at $4,982,647 over the last three months. Insiders own 1.30% of the company's stock.

Capital One Financial Stock Down 1.0 %

Capital One Financial stock traded down $1.92 during trading hours on Thursday, hitting $183.00. The stock had a trading volume of 3,005,932 shares, compared to its average volume of 2,568,317. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78. The stock's 50-day moving average price is $156.00 and its 200-day moving average price is $145.81. Capital One Financial Co. has a 12-month low of $104.21 and a 12-month high of $198.30. The stock has a market capitalization of $69.82 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 1.39 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 the consensus estimate 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 during the quarter, compared to analysts' expectations of $9.88 billion. During the same period in the previous year, the company earned $4.45 earnings per share. The firm's quarterly revenue was up 6.8% on a year-over-year basis. Equities research analysts anticipate that Capital One Financial Co. will post 13.46 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.60 per share. The ex-dividend date is Thursday, November 14th. This represents a $2.40 annualized dividend and a dividend yield of 1.31%. Capital One Financial's payout ratio is 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.