Capital One Financial Co. (NYSE:COF) Shares Sold by Pitcairn Co.

Pitcairn Co. cut its stake in shares of Capital One Financial Co. (NYSE:COF) by 21.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,541 shares of the financial services provider’s stock after selling 2,021 shares during the quarter. Pitcairn Co.’s holdings in Capital One Financial were worth $1,129,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in COF. Advisors Asset Management Inc. lifted its position in shares of Capital One Financial by 90.9% during the 1st quarter. Advisors Asset Management Inc. now owns 2,447 shares of the financial services provider’s stock worth $364,000 after purchasing an additional 1,165 shares during the last quarter. Gabelli Funds LLC boosted its position in shares of Capital One Financial by 8.9% during the 1st quarter. Gabelli Funds LLC now owns 15,300 shares of the financial services provider’s stock worth $2,278,000 after acquiring an additional 1,250 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of Capital One Financial by 34.9% during the 1st quarter. Lazard Asset Management LLC now owns 29,900 shares of the financial services provider’s stock worth $4,450,000 after acquiring an additional 7,734 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Capital One Financial by 31.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,214,929 shares of the financial services provider’s stock worth $180,892,000 after purchasing an additional 292,978 shares during the last quarter. Finally, Bayesian Capital Management LP boosted its holdings in Capital One Financial by 0.6% in the first quarter. Bayesian Capital Management LP now owns 17,300 shares of the financial services provider’s stock valued at $2,576,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Up 2.4 %

Shares of NYSE:COF opened at $187.06 on Monday. The company has a market cap of $71.37 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.33 and a beta of 1.43. Capital One Financial Co. has a fifty-two week low of $105.43 and a fifty-two week high of $198.30. The firm’s 50-day simple moving average is $162.15 and its 200-day simple moving average is $147.81. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78.

Capital One Financial (NYSE:COF) last announced 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. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.45 EPS. As a group, equities research analysts predict that Capital One Financial Co. will post 13.54 earnings per share for the current 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 issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s dividend payout ratio is presently 22.66%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on COF shares. The Goldman Sachs Group raised their price objective on shares of Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Citigroup started coverage on shares of Capital One Financial in a research report on Friday, September 20th. They issued a “buy” rating and a $190.00 price target for the company. Evercore ISI raised their price objective on Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. upped their target price on Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a research report on Monday, October 7th. Finally, Barclays raised their price target on 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 stock presently has an average rating of “Hold” and a consensus price target of $160.18.

Insiders Place Their Bets

In other Capital One Financial news, insider Mark Daniel Mouadeb sold 1,994 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total transaction of $323,765.78. Following the transaction, the insider now directly owns 19,776 shares in the company, valued at approximately $3,211,029.12. This represents a 9.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Frank G. LapradeIii sold 15,751 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total value of $2,520,160.00. Following the sale, the insider now directly owns 44,711 shares in the company, valued at $7,153,760. This trade represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,007 shares of company stock worth $4,982,647. 1.30% of the stock is owned by corporate insiders.

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.