Eagle Rock Investment Company LLC Reduces Stock Position in Capital One Financial Co. (NYSE:COF)

Eagle Rock Investment Company LLC trimmed its stake in shares of Capital One Financial Co. (NYSE:COF) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,970 shares of the financial services provider’s stock after selling 188 shares during the period. Eagle Rock Investment Company LLC’s holdings in Capital One Financial were worth $3,739,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC bought a new stake in Capital One Financial in the 3rd quarter worth approximately $36,000. Creative Financial Designs Inc. ADV boosted its stake in shares of Capital One Financial by 135.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock worth $43,000 after buying an additional 166 shares during the last quarter. Eastern Bank bought a new stake in shares of Capital One Financial in the third quarter worth $44,000. Prospera Private Wealth LLC bought a new stake in shares of Capital One Financial in the third quarter worth $47,000. Finally, Concord Wealth Partners increased its position in Capital One Financial by 115.3% during the third quarter. Concord Wealth Partners now owns 323 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 173 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on COF. Barclays raised Capital One Financial from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $158.00 to $219.00 in a research report on Monday, January 6th. 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. JPMorgan Chase & Co. upped their target price on shares of Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a report on Monday, December 9th. Hsbc Global Res raised Capital One Financial from a “moderate sell” rating to a “hold” rating in a research note on Tuesday. Finally, Evercore ISI lifted their price target on shares of Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $188.06.

Insider Activity

In other news, insider Mark Daniel Mouadeb sold 1,994 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total transaction of $323,765.78. Following the transaction, the insider now owns 19,776 shares of the company’s stock, valued at approximately $3,211,029.12. The trade was a 9.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kara West sold 721 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $184.73, for a total value of $133,190.33. Following the completion of the sale, the insider now owns 12,929 shares of the company’s stock, valued at approximately $2,388,374.17. This represents a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,256 shares of company stock worth $2,462,487. 1.30% of the stock is currently owned by corporate insiders.

Capital One Financial Stock Performance

NYSE COF opened at $188.52 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00. Capital One Financial Co. has a 1-year low of $123.23 and a 1-year high of $198.30. The business has a 50 day simple moving average of $183.63 and a two-hundred day simple moving average of $159.76. The stock has a market capitalization of $71.87 billion, a PE ratio of 17.80, a P/E/G ratio of 1.12 and a beta of 1.46.

Capital One Financial (NYSE:COF) last posted its earnings results 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 firm had revenue of $10 billion during the quarter, compared to analyst estimates of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. Capital One Financial’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted $4.45 earnings per share. On average, research analysts predict that Capital One Financial Co. will post 13.41 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders 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 dividend yield of 1.27%. Capital One Financial’s dividend payout ratio (DPR) is presently 22.66%.

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.