Capital One Financial Co. (NYSE:COF) Shares Sold by Cibc World Market Inc.

Cibc World Market Inc. lessened its position in shares of Capital One Financial Co. (NYSE:COF) by 65.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,314 shares of the financial services provider’s stock after selling 33,141 shares during the quarter. Cibc World Market Inc.’s holdings in Capital One Financial were worth $1,804,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in COF. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. increased its position in Capital One Financial by 566.7% during the 1st quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 200 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 170 shares in the last quarter. Rock Creek Group LP increased its position in Capital One Financial by 287.3% during the 1st quarter. Rock Creek Group LP now owns 213 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 158 shares in the last quarter. Atticus Wealth Management LLC increased its position in Capital One Financial by 7,200.0% during the 2nd quarter. Atticus Wealth Management LLC now owns 292 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 288 shares in the last quarter. Evolution Advisers Inc. purchased a new stake in Capital One Financial during the 1st quarter worth about $45,000. Finally, Global Retirement Partners LLC increased its position in Capital One Financial by 33.6% during the 2nd quarter. Global Retirement Partners LLC now owns 429 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 108 shares in the last quarter. Institutional investors and hedge funds own 88.44% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on COF. Bank of America cut Capital One Financial from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $124.00 to $113.00 in a research report on Tuesday, November 15th. StockNews.com started coverage on Capital One Financial in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Credit Suisse Group lowered their price target on Capital One Financial to $130.00 in a report on Thursday, October 13th. BMO Capital Markets lowered their price target on Capital One Financial from $165.00 to $151.00 in a report on Friday, October 28th. Finally, JPMorgan Chase & Co. lowered their price target on Capital One Financial from $134.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, October 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $138.53.

Capital One Financial Trading Down 0.5 %

COF opened at $98.96 on Friday. The firm’s 50 day moving average is $99.97 and its 200-day moving average is $108.07. Capital One Financial Co. has a 52-week low of $90.27 and a 52-week high of $162.40. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $37.77 billion, a P/E ratio of 4.90, a P/E/G ratio of 0.69 and a beta of 1.43.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 25th. Stockholders of record on Monday, November 14th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, November 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.43%. Capital One Financial’s payout ratio is currently 11.89%.

Insider Transactions at Capital One Financial

In other news, insider Timothy P. Golden sold 322 shares of the business’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $108.85, for a total transaction of $35,049.70. Following the transaction, the insider now directly owns 11,392 shares of the company’s stock, valued at $1,240,019.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Richard D. Fairbank sold 12,538 shares of the business’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $106.12, for a total transaction of $1,330,532.56. Following the transaction, the chief executive officer now directly owns 3,757,022 shares of the company’s stock, valued at $398,695,174.64. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Timothy P. Golden sold 322 shares of the business’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $108.85, for a total transaction of $35,049.70. Following the transaction, the insider now directly owns 11,392 shares in the company, valued at $1,240,019.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,938 shares of company stock valued at $2,856,883. Corporate insiders own 1.27% of the company’s stock.

Capital One Financial Company Profile

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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, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

See Also

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

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