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

Cadence Bank lessened its stake in shares of Capital One Financial Co. (NYSE:COF) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,770 shares of the financial services provider’s stock after selling 192 shares during the quarter. Cadence Bank’s holdings in Capital One Financial were worth $2,810,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. LRI Investments LLC acquired a new stake in shares of Capital One Financial in the 1st quarter worth $25,000. Y.D. More Investments Ltd acquired a new position in Capital One Financial during the 2nd quarter worth approximately $28,000. Hobbs Group Advisors LLC purchased a new position in shares of Capital One Financial during the 2nd quarter worth approximately $29,000. Unique Wealth Strategies LLC purchased a new position in shares of Capital One Financial during the 2nd quarter worth approximately $36,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Capital One Financial in the 3rd quarter valued at approximately $36,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Down 0.2 %

Shares of NYSE COF opened at $191.50 on Wednesday. The firm’s 50 day moving average price is $164.10 and its 200 day moving average price is $148.50. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $73.06 billion, a P/E ratio of 18.08, a price-to-earnings-growth ratio of 1.40 and a beta of 1.43. Capital One Financial Co. has a 1 year low of $105.43 and a 1 year high of $198.30.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, beating analysts’ consensus estimates of $3.70 by $0.81. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.88 billion. During the same quarter in the previous year, the business earned $4.45 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Capital One Financial Co. will post 13.54 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were issued a $0.60 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a yield of 1.25%. Capital One Financial’s payout ratio is 22.66%.

Analysts Set New Price Targets

Several research analysts have issued reports on COF shares. Robert W. Baird increased their price objective on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. boosted their price objective on shares of Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. Barclays increased their target price on shares of Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Evercore ISI boosted their price target 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. Finally, Citigroup started coverage on Capital One Financial in a research note on Friday, September 20th. They issued a “buy” rating and a $190.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Capital One Financial currently has a consensus rating of “Hold” and an average price target of $160.18.

Insider Buying and Selling

In other news, insider Mark Daniel Mouadeb sold 1,994 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total transaction of $323,765.78. Following the completion of the sale, the insider now owns 19,776 shares in the company, valued at approximately $3,211,029.12. The trade was a 9.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Frank G. LapradeIii sold 15,751 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the completion of the transaction, the insider now owns 44,711 shares in the company, valued at $7,153,760. The trade was 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 valued at $4,982,647. Insiders own 1.30% of the company’s stock.

Capital One Financial 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.