First Hawaiian Bank Cuts Stock Position in Capital One Financial Co. (NYSE:COF)

First Hawaiian Bank decreased its holdings in Capital One Financial Co. (NYSE:COF) by 10.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,072 shares of the financial services provider’s stock after selling 2,460 shares during the quarter. First Hawaiian Bank’s holdings in Capital One Financial were worth $3,936,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Y.D. More Investments Ltd purchased a new position in Capital One Financial in the 2nd quarter valued at approximately $28,000. Catalyst Capital Advisors LLC purchased a new position in Capital One Financial in the third quarter valued at $36,000. Creative Financial Designs Inc. ADV grew its stake in Capital One Financial by 135.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 166 shares in the last quarter. Eastern Bank acquired a new position in Capital One Financial during the 3rd quarter worth $44,000. Finally, Prospera Private Wealth LLC purchased a new stake in Capital One Financial during the 3rd quarter worth about $47,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Capital One Financial stock traded down $2.05 during trading hours on Wednesday, reaching $179.84. 2,355,399 shares of the stock were exchanged, compared to its average volume of 2,164,192. Capital One Financial Co. has a 52-week low of $123.23 and a 52-week high of $198.30. The stock has a market cap of $68.56 billion, a P/E ratio of 16.98, a P/E/G ratio of 1.36 and a beta of 1.46. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00. The firm’s 50 day moving average is $182.05 and its 200 day moving average is $158.00.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, topping 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 prior year, the company posted $4.45 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Analysts predict that Capital One Financial Co. will post 13.54 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.33%. Capital One Financial’s dividend payout ratio (DPR) is presently 22.66%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on COF shares. Evercore ISI boosted their price objective on Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group increased their price objective on shares of Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. lifted their price objective on shares of Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Truist Financial initiated coverage on Capital One Financial in a report on Tuesday. They issued a “buy” rating and a $229.00 target price on the stock. Finally, Keefe, Bruyette & Woods lifted their price target on Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $181.12.

Insider Buying and Selling

In related news, insider Kara West sold 721 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $184.73, for a total value of $133,190.33. Following the sale, the insider now owns 12,929 shares in the company, valued at $2,388,374.17. This represents a 5.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Mark Daniel Mouadeb sold 1,994 shares of Capital One Financial stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total value of $323,765.78. Following the transaction, the insider now directly owns 19,776 shares of the company’s stock, 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. Insiders have sold 29,007 shares of company stock valued at $4,982,647 over the last quarter. 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.