Cambridge Investment Research Advisors Inc. Decreases Stake in Capital One Financial Co. (NYSE:COF)

Cambridge Investment Research Advisors Inc. lowered its position in Capital One Financial Co. (NYSE:COF) by 1.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 27,210 shares of the financial services provider’s stock after selling 286 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Capital One Financial were worth $2,616,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COF. Norges Bank purchased a new position in shares of Capital One Financial during the 4th quarter worth $318,480,000. First Trust Advisors LP raised its holdings in shares of Capital One Financial by 603.3% during the 1st quarter. First Trust Advisors LP now owns 1,731,554 shares of the financial services provider’s stock worth $227,336,000 after acquiring an additional 1,485,339 shares during the period. Franklin Resources Inc. raised its holdings in shares of Capital One Financial by 570.3% during the 4th quarter. Franklin Resources Inc. now owns 1,258,585 shares of the financial services provider’s stock worth $116,998,000 after acquiring an additional 1,070,819 shares during the period. Putnam Investments LLC raised its holdings in shares of Capital One Financial by 60.1% during the 4th quarter. Putnam Investments LLC now owns 2,608,473 shares of the financial services provider’s stock worth $242,484,000 after acquiring an additional 979,395 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in shares of Capital One Financial by 6.3% during the 1st quarter. Fisher Asset Management LLC now owns 9,956,047 shares of the financial services provider’s stock worth $957,374,000 after acquiring an additional 593,680 shares during the period. Hedge funds and other institutional investors own 90.09% of the company’s stock.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Mark Daniel Mouadeb sold 903 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $115.00, for a total value of $103,845.00. Following the completion of the sale, the insider now owns 15,493 shares in the company, valued at $1,781,695. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Capital One Financial news, insider Mark Daniel Mouadeb sold 903 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $115.00, for a total value of $103,845.00. Following the completion of the sale, the insider now owns 15,493 shares in the company, valued at $1,781,695. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Kara West sold 2,362 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $115.06, for a total value of $271,771.72. Following the completion of the sale, the insider now owns 10,450 shares of the company’s stock, valued at approximately $1,202,377. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,286 shares of company stock worth $3,902,710. 1.41% of the stock is owned by insiders.

Capital One Financial Price Performance

COF stock opened at $103.50 on Friday. The business has a 50 day moving average price of $109.82 and a 200 day moving average price of $103.50. The stock has a market cap of $39.48 billion, a price-to-earnings ratio of 7.92, a PEG ratio of 1.97 and a beta of 1.46. Capital One Financial Co. has a fifty-two week low of $83.93 and a fifty-two week high of $123.09. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.91.

Capital One Financial (NYSE:COF) last posted its earnings results on Thursday, July 20th. The financial services provider reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.21. The firm had revenue of $9.01 billion during the quarter, compared to analysts’ expectations of $9.13 billion. Capital One Financial had a return on equity of 9.72% and a net margin of 11.94%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.96 earnings per share. Equities research analysts anticipate that Capital One Financial Co. will post 11.62 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, August 7th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.32%. The ex-dividend date was Friday, August 4th. Capital One Financial’s payout ratio is 18.38%.

Analysts Set New Price Targets

COF has been the topic of several analyst reports. StockNews.com initiated coverage on Capital One Financial in a report on Thursday, August 17th. They set a “hold” rating on the stock. Morgan Stanley raised their price objective on Capital One Financial from $86.00 to $92.00 and gave the stock an “underweight” rating in a research report on Friday, July 21st. Bank of America raised their price objective on Capital One Financial from $109.00 to $116.00 in a research report on Tuesday, June 6th. Stephens raised their price objective on Capital One Financial from $80.00 to $87.00 in a research report on Friday, July 21st. Finally, Wells Fargo & Company raised their price objective on Capital One Financial from $110.00 to $127.00 and gave the stock an “overweight” rating in a research report on Friday, July 21st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Capital One Financial presently has an average rating of “Hold” and an average target price of $109.09.

Capital One Financial Company Profile

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.