Victory Capital Management Inc. Cuts Stock Position in Capital One Financial Co. (NYSE:COF)

Victory Capital Management Inc. lessened its stake in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 53.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 200,742 shares of the financial services provider's stock after selling 235,017 shares during the period. Victory Capital Management Inc. owned 0.05% of Capital One Financial worth $30,057,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of COF. LRI Investments LLC acquired a new stake in shares of Capital One Financial in the first quarter worth approximately $25,000. Y.D. More Investments Ltd acquired a new stake in Capital One Financial during the 2nd quarter worth $28,000. Hobbs Group Advisors LLC purchased a new stake in shares of Capital One Financial during the second quarter worth $29,000. Unique Wealth Strategies LLC acquired a new stake in shares of Capital One Financial in the second quarter valued at about $36,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Capital One Financial in the third quarter worth about $36,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

COF has been the topic of a number of research reports. Evercore ISI raised their target price on shares of Capital One Financial from $163.00 to $184.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 30th. Royal Bank of Canada lifted their price objective on Capital One Financial from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research report on Friday, October 25th. Robert W. Baird upped their target price on Capital One Financial from $145.00 to $150.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Barclays lifted their price target on Capital One Financial from $154.00 to $158.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $156.00 to $157.00 and gave the company a "neutral" rating in a report on Monday, October 7th. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $156.35.

Insider Activity at Capital One Financial

In related news, insider Frank G. LapradeIii sold 15,751 shares of the stock in a transaction on Thursday, October 17th. The shares were 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 trade represents a 26.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael Zamsky sold 10,541 shares of Capital One Financial stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the sale, the insider now owns 26,482 shares in the company, valued at $5,038,465.32. This represents a 28.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,007 shares of company stock valued at $4,982,647 over the last quarter. 1.30% of the stock is owned by insiders.

Capital One Financial Trading Up 1.2 %

Shares of COF stock traded up $2.14 on Friday, hitting $185.14. The stock had a trading volume of 4,122,382 shares, compared to its average volume of 3,819,630. The company's 50 day moving average price is $157.74 and its 200-day moving average price is $146.36. Capital One Financial Co. has a 1 year low of $104.21 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 capitalization of $70.63 billion, a P/E ratio of 17.48, a P/E/G ratio of 1.37 and a beta of 1.43.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.70 by $0.81. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The business's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.45 earnings per share. Analysts anticipate that Capital One Financial Co. will post 13.54 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 14th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.30%. Capital One Financial's payout ratio is currently 22.66%.

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.