Capital One Financial Co. (NYSE:COF) Position Reduced by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its stake in shares of Capital One Financial Co. (NYSE:COF) by 12.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,925 shares of the financial services provider’s stock after selling 13,129 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Capital One Financial were worth $6,893,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hall Laurie J Trustee acquired a new stake in shares of Capital One Financial during the third quarter worth $25,000. Harbor Investment Advisory LLC raised its holdings in shares of Capital One Financial by 1,085.7% during the third quarter. Harbor Investment Advisory LLC now owns 415 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 380 shares during the period. Evolution Wealth Advisors LLC raised its holdings in shares of Capital One Financial by 1,000.0% during the third quarter. Evolution Wealth Advisors LLC now owns 473 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 430 shares during the period. CX Institutional raised its holdings in shares of Capital One Financial by 48.0% during the third quarter. CX Institutional now owns 518 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 168 shares during the period. Finally, Community Bank N.A. raised its holdings in shares of Capital One Financial by 47.6% during the second quarter. Community Bank N.A. now owns 723 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 233 shares during the period. Hedge funds and other institutional investors own 88.15% of the company’s stock.

In other news, CEO Richard D. Fairbank sold 31,910 shares of the firm’s stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $78.81, for a total transaction of $2,514,827.10. Following the completion of the transaction, the chief executive officer now owns 3,597,003 shares in the company, valued at approximately $283,479,806.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Michael J. Wassmer sold 13,784 shares of the firm’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $78.00, for a total transaction of $1,075,152.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 268,828 shares of company stock valued at $21,335,116. Insiders own 1.47% of the company’s stock.

COF has been the topic of a number of research reports. TheStreet raised shares of Capital One Financial from a “c” rating to a “b-” rating in a report on Friday, October 23rd. Wells Fargo & Company increased their price objective on shares of Capital One Financial from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. Zacks Investment Research raised shares of Capital One Financial from a “sell” rating to a “hold” rating and set a $79.00 price objective on the stock in a report on Wednesday, October 7th. Piper Sandler increased their price objective on shares of Capital One Financial from $93.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Capital One Financial from $73.00 to $83.00 and gave the stock a “hold” rating in a report on Monday, October 26th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $94.66.

Capital One Financial stock opened at $86.70 on Monday. The stock has a market cap of $38.23 billion, a price-to-earnings ratio of 43.35, a PEG ratio of 3.73 and a beta of 1.71. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.72. The company’s 50-day moving average price is $76.58 and its two-hundred day moving average price is $68.78. Capital One Financial Co. has a 52 week low of $38.00 and a 52 week high of $107.59.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $5.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $3.06. Capital One Financial had a net margin of 4.08% and a return on equity of 3.05%. The company had revenue of $7.38 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter last year, the firm posted $3.32 EPS. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. Research analysts expect that Capital One Financial Co. will post 2.8 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Monday, November 9th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, November 6th. This represents a $0.40 annualized dividend and a dividend yield of 0.46%. Capital One Financial’s dividend payout ratio (DPR) is 3.31%.

Capital One Financial Company Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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