Joule Financial LLC Sells 93 Shares of Capital One Financial Co. (NYSE:COF)

Joule Financial LLC trimmed its position in shares of Capital One Financial Co. (NYSE:COF) by 2.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,789 shares of the financial services provider’s stock after selling 93 shares during the period. Joule Financial LLC’s holdings in Capital One Financial were worth $567,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of COF. LRI Investments LLC bought a new position in Capital One Financial in the 1st quarter worth $25,000. Y.D. More Investments Ltd purchased a new position in shares of Capital One Financial during the second quarter valued at about $28,000. Hobbs Group Advisors LLC bought a new position in Capital One Financial in the second quarter worth about $29,000. Rise Advisors LLC purchased a new stake in Capital One Financial in the first quarter worth about $33,000. Finally, Unique Wealth Strategies LLC bought a new stake in Capital One Financial during the 2nd quarter valued at approximately $36,000. 89.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on COF. Evercore ISI decreased their target price on Capital One Financial from $166.00 to $163.00 and set an “in-line” rating for the company in a research report on Monday, October 7th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $150.00 price objective on shares of Capital One Financial in a report on Thursday, July 25th. JPMorgan Chase & Co. boosted their target price 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. Barclays upped their target price on shares of Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Finally, Bank of America lifted their price target on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Twelve equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Capital One Financial currently has an average rating of “Hold” and a consensus price target of $151.56.

Capital One Financial Stock Down 1.0 %

Shares of COF traded down $1.64 on Friday, hitting $158.11. 892,567 shares of the stock traded hands, compared to its average volume of 2,435,553. The company has a market capitalization of $60.11 billion, a PE ratio of 12.51, a P/E/G ratio of 1.22 and a beta of 1.44. Capital One Financial Co. has a one year low of $88.23 and a one year high of $160.45. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00. The business has a 50 day simple moving average of $145.28 and a 200 day simple moving average of $142.33.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). The business had revenue of $9.51 billion during the quarter, compared to the consensus estimate of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $3.52 EPS. As a group, equities analysts forecast that Capital One Financial Co. will post 12.87 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Monday, August 12th. Capital One Financial’s dividend payout ratio is currently 18.79%.

Insider Activity

In other news, CEO Kevin S. Borgmann sold 61,532 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the transaction, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at $5,438,491.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

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.