Spectrum Financial Alliance Ltd LLC Lowers Stock Holdings in Capital One Financial Co. (NYSE:COF)

Spectrum Financial Alliance Ltd LLC cut its holdings in shares of Capital One Financial Co. (NYSE:COF) by 94.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,617 shares of the financial services provider’s stock after selling 25,424 shares during the period. Capital One Financial comprises about 0.1% of Spectrum Financial Alliance Ltd LLC’s portfolio, making the stock its 15th biggest position. Spectrum Financial Alliance Ltd LLC’s holdings in Capital One Financial were worth $242,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. LRI Investments LLC purchased a new position in Capital One Financial in the first quarter valued at $25,000. Y.D. More Investments Ltd acquired a new stake in Capital One Financial in the second quarter valued at approximately $28,000. Hobbs Group Advisors LLC purchased a new position in Capital One Financial in the second quarter worth approximately $29,000. Unique Wealth Strategies LLC purchased a new stake in shares of Capital One Financial in the 2nd quarter valued at approximately $36,000. Finally, Versant Capital Management Inc raised its holdings in shares of Capital One Financial by 391.5% in the 2nd quarter. Versant Capital Management Inc now owns 290 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 231 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Price Performance

Shares of NYSE COF opened at $159.03 on Friday. The stock has a fifty day moving average price of $145.76 and a 200 day moving average price of $142.41. Capital One Financial Co. has a 1-year low of $88.23 and a 1-year high of $160.45. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $60.46 billion, a PE ratio of 12.45, a P/E/G ratio of 1.22 and a beta of 1.44.

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

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.51%. The ex-dividend date was Monday, August 12th. Capital One Financial’s payout ratio is 18.79%.

Analysts Set New Price Targets

COF has been the subject of a number of analyst reports. Bank of America boosted their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. 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 note on Monday, October 7th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $150.00 price target on shares of Capital One Financial in a research note on Thursday, July 25th. Barclays boosted 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 report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a research report on Monday, October 7th. Twelve research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $151.56.

Insider Transactions at Capital One Financial

In related news, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the transaction, the chief executive officer now owns 40,934 shares of the company’s stock, valued at $5,438,491.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.30% of the company’s stock.

About Capital One Financial

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.