Heritage Investors Management Corp Sells 3,536 Shares of Capital One Financial Co. (NYSE:COF)

Heritage Investors Management Corp lessened its stake in shares of Capital One Financial Co. (NYSE:COF) by 2.4% in the 3rd quarter, Holdings Channel reports. The firm owned 142,066 shares of the financial services provider’s stock after selling 3,536 shares during the period. Heritage Investors Management Corp’s holdings in Capital One Financial were worth $21,272,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LRI Investments LLC purchased a new stake in Capital One Financial in the 1st quarter worth about $25,000. Y.D. More Investments Ltd purchased a new position in shares of Capital One Financial during the second quarter worth approximately $28,000. Hobbs Group Advisors LLC purchased a new position in shares of Capital One Financial during the second quarter worth approximately $29,000. Unique Wealth Strategies LLC purchased a new position in shares of Capital One Financial during the second quarter worth approximately $36,000. Finally, Catalyst Capital Advisors LLC purchased a new position in Capital One Financial during the third quarter valued at approximately $36,000. Institutional investors own 89.84% of the company’s stock.

Insider Transactions at Capital One Financial

In related news, insider Frank G. LapradeIii sold 15,751 shares of the business’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the transaction, the insider now directly owns 44,711 shares in the company, valued at approximately $7,153,760. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on COF. JPMorgan Chase & Co. lifted 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. Bank of America raised their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Evercore ISI raised their target price on shares of Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Royal Bank of Canada raised their target price on shares of Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Finally, Barclays lifted their price objective on shares of 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. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $156.35.

Capital One Financial Stock Performance

COF traded up $3.04 on Tuesday, reaching $164.32. The stock had a trading volume of 114,456 shares, compared to its average volume of 2,473,096. Capital One Financial Co. has a 12-month low of $102.63 and a 12-month high of $167.93. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78. The business’s 50-day moving average price is $150.51 and its two-hundred day moving average price is $143.94. The company has a market cap of $62.69 billion, a P/E ratio of 15.23, a price-to-earnings-growth ratio of 1.24 and a beta of 1.43.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.88 billion. During the same quarter in the previous year, the company earned $4.45 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Sell-side analysts forecast that Capital One Financial Co. will post 13.17 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders 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 1.46%. Capital One Financial’s dividend 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.