Pitcairn Co. Lowers Stake in Capital One Financial Co. (NYSE:COF)

Pitcairn Co. lessened its stake in Capital One Financial Co. (NYSE:COF) by 21.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,541 shares of the financial services provider’s stock after selling 2,021 shares during the period. Pitcairn Co.’s holdings in Capital One Financial were worth $1,129,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Clearbridge Investments LLC increased its stake in shares of Capital One Financial by 5.5% during the second quarter. Clearbridge Investments LLC now owns 3,663,439 shares of the financial services provider’s stock valued at $507,203,000 after buying an additional 189,843 shares during the period. Legal & General Group Plc increased its position in Capital One Financial by 2.5% during the 2nd quarter. Legal & General Group Plc now owns 3,331,196 shares of the financial services provider’s stock valued at $461,204,000 after purchasing an additional 79,908 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Capital One Financial by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,687,999 shares of the financial services provider’s stock valued at $402,474,000 after buying an additional 28,541 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Capital One Financial by 0.5% in the first quarter. Janus Henderson Group PLC now owns 1,216,724 shares of the financial services provider’s stock worth $181,155,000 after acquiring an additional 5,473 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Capital One Financial by 31.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,214,929 shares of the financial services provider’s stock worth $180,892,000 after acquiring an additional 292,978 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Analysts Set New Price Targets

COF has been the subject of a number of recent analyst reports. Citigroup initiated coverage on shares of Capital One Financial in a research note on Friday, September 20th. They issued a “buy” rating and a $190.00 target price for the company. Evercore ISI boosted their price objective on shares of Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Barclays raised their target price on Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. boosted their price target on Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Finally, Robert W. Baird raised their price objective on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $160.18.

Capital One Financial Stock Up 2.4 %

COF stock opened at $187.06 on Monday. The firm’s fifty day moving average is $162.15 and its 200 day moving average is $147.81. The firm has a market cap of $71.37 billion, a PE ratio of 17.66, a P/E/G ratio of 1.33 and a beta of 1.43. Capital One Financial Co. has a one year low of $105.43 and a one year high of $198.30. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results 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 return on equity of 9.00% and a net margin of 8.80%. The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $9.88 billion. During the same quarter in the previous year, the business earned $4.45 EPS. Capital One Financial’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, research analysts forecast that Capital One Financial Co. will post 13.54 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.28%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s payout ratio is presently 22.66%.

Insiders Place Their Bets

In other news, insider Kara West sold 721 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 12,929 shares of the company’s stock, valued at $2,388,374.17. This represents a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total transaction of $323,765.78. Following the completion of the transaction, the insider now directly owns 19,776 shares in the company, valued at approximately $3,211,029.12. This represents a 9.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,007 shares of company stock worth $4,982,647. Company insiders own 1.30% of the company’s stock.

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.