OLD National Bancorp IN Sells 11,157 Shares of Capital One Financial Co. (NYSE:COF)

OLD National Bancorp IN reduced its holdings in shares of Capital One Financial Co. (NYSE:COF) by 7.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 133,087 shares of the financial services provider’s stock after selling 11,157 shares during the period. OLD National Bancorp IN’s holdings in Capital One Financial were worth $23,732,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Decker Retirement Planning Inc. acquired a new stake in Capital One Financial in the 4th quarter valued at $32,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Capital One Financial in the third quarter valued at about $36,000. Creative Financial Designs Inc. ADV raised its holdings in 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 in the last quarter. Eastern Bank acquired a new position in Capital One Financial during the third quarter valued at approximately $44,000. Finally, Prospera Private Wealth LLC bought a new position in Capital One Financial in the third quarter valued at approximately $47,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Stock Up 0.5 %

Shares of NYSE COF opened at $204.19 on Thursday. The stock has a market capitalization of $77.84 billion, a P/E ratio of 17.62, a PEG ratio of 1.29 and a beta of 1.46. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.00 and a current ratio of 0.98. Capital One Financial Co. has a 52 week low of $128.23 and a 52 week high of $207.24. The stock’s fifty day moving average is $185.91 and its 200 day moving average is $163.69.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $10.19 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same period last year, the firm posted $2.81 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. Sell-side analysts forecast that Capital One Financial Co. will post 15.22 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

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

Insider Activity at Capital One Financial

In other news, insider Michael Zamsky sold 10,541 shares of the company’s 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 completion of the transaction, the insider now directly owns 26,482 shares in the company, valued at approximately $5,038,465.32. This represents a 28.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kara West sold 721 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $184.73, for a total value of $133,190.33. Following the sale, the insider now directly owns 12,929 shares in the company, valued at approximately $2,388,374.17. This trade represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,256 shares of company stock valued at $2,462,487 over the last ninety days. 1.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Evercore ISI upped their price objective on Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. UBS Group upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and increased their price target for the company from $168.00 to $235.00 in a research note on Monday, January 13th. The Goldman Sachs Group boosted their price objective on shares of Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods raised their target price on shares of Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Finally, Royal Bank of Canada boosted their price target on Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 22nd. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $196.31.

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.