Capital One Financial Co. (NYSE:COF) Stake Cut by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC decreased its holdings in shares of Capital One Financial Co. (NYSE:COF) by 57.3% in the 4th quarter, Holdings Channel reports. The firm owned 56,618 shares of the financial services provider’s stock after selling 76,105 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Capital One Financial were worth $10,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of COF. Decker Retirement Planning Inc. acquired a new position in Capital One Financial during the 4th quarter valued at approximately $32,000. Catalyst Capital Advisors LLC acquired a new position in shares of Capital One Financial during the third quarter valued at $36,000. Creative Financial Designs Inc. ADV grew its position in shares of Capital One Financial by 135.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 166 shares during the last quarter. Eastern Bank acquired a new stake in shares of Capital One Financial in the 3rd quarter worth about $44,000. Finally, Prospera Private Wealth LLC bought a new stake in Capital One Financial in the 3rd quarter valued at about $47,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Mark Daniel Mouadeb sold 1,994 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total value of $323,765.78. Following the completion of the sale, the insider now directly owns 19,776 shares of the company’s stock, valued at $3,211,029.12. This represents a 9.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Zamsky sold 10,541 shares of Capital One Financial stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the sale, the insider now directly owns 26,482 shares of the company’s stock, valued at $5,038,465.32. This trade represents a 28.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,256 shares of company stock worth $2,462,487 over the last quarter. Corporate insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on COF shares. Barclays upped their target price on shares of Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday. Royal Bank of Canada raised their target price on Capital One Financial from $190.00 to $200.00 and gave the company a “sector perform” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price target on Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Evercore ISI raised their price target on Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group lifted 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 note on Tuesday, November 19th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $190.47.

Capital One Financial Trading Down 0.4 %

NYSE:COF opened at $203.18 on Friday. The stock has a fifty day simple moving average of $184.29 and a 200 day simple moving average of $161.66. The firm has a market capitalization of $77.46 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 1.29 and a beta of 1.46. Capital One Financial Co. has a 1-year low of $128.23 and a 1-year high of $207.24. The company has a quick ratio of 1.00, a current ratio of 0.98 and a debt-to-equity ratio of 0.74.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, topping the consensus estimate of $2.78 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The company had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10,220,675.12 billion. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the company posted $2.81 earnings per share. Sell-side analysts forecast that Capital One Financial Co. will post 15.22 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Thursday, November 14th. Capital One Financial’s dividend payout ratio (DPR) is currently 20.71%.

Capital One Financial Company 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.