17 Capital Partners LLC Cuts Stake in Capital One Financial Corporation $COF

17 Capital Partners LLC lessened its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 8.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,409 shares of the financial services provider’s stock after selling 1,015 shares during the period. Capital One Financial makes up about 1.3% of 17 Capital Partners LLC’s portfolio, making the stock its 11th biggest holding. 17 Capital Partners LLC’s holdings in Capital One Financial were worth $2,215,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Earned Wealth Advisors LLC purchased a new position in Capital One Financial during the 2nd quarter worth approximately $254,000. Plancorp LLC acquired a new stake in shares of Capital One Financial in the second quarter worth $272,000. Smith Chas P & Associates PA Cpas raised its holdings in shares of Capital One Financial by 1,490.0% during the second quarter. Smith Chas P & Associates PA Cpas now owns 43,486 shares of the financial services provider’s stock worth $9,252,000 after purchasing an additional 40,751 shares during the last quarter. Private Advisor Group LLC lifted its position in Capital One Financial by 15.3% during the first quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider’s stock valued at $1,776,000 after purchasing an additional 1,312 shares during the period. Finally, Callodine Capital Management LP boosted its holdings in Capital One Financial by 200.0% in the first quarter. Callodine Capital Management LP now owns 150,000 shares of the financial services provider’s stock valued at $26,895,000 after purchasing an additional 100,000 shares during the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Rothschild & Co Redburn began coverage on Capital One Financial in a report on Friday, August 1st. They issued a “buy” rating and a $290.00 price objective for the company. BTIG Research reiterated a “buy” rating and set a $264.00 price target on shares of Capital One Financial in a research report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Capital One Financial in a research report on Thursday, November 13th. Truist Financial raised their price objective on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Finally, Zacks Research upgraded shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $261.63.

Insider Transactions at Capital One Financial

In related news, insider Neal Blinde sold 43,200 shares of the stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $221.83, for a total value of $9,583,056.00. Following the completion of the transaction, the insider directly owned 73,020 shares of the company’s stock, valued at approximately $16,198,026.60. This represents a 37.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Frank G. LapradeIii sold 17,840 shares of the stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $222.03, for a total value of $3,961,015.20. Following the completion of the transaction, the insider directly owned 48,315 shares of the company’s stock, valued at approximately $10,727,379.45. This represents a 26.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 274,013 shares of company stock valued at $61,045,903 over the last ninety days. Company insiders own 1.26% of the company’s stock.

Capital One Financial Stock Up 1.1%

Shares of NYSE COF opened at $202.15 on Thursday. The firm has a market cap of $128.51 billion, a price-to-earnings ratio of 85.29, a price-to-earnings-growth ratio of 0.70 and a beta of 1.19. The company’s 50-day simple moving average is $217.46 and its 200-day simple moving average is $211.35. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The firm had revenue of $15.46 billion for the quarter. Equities analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be paid a $0.80 dividend. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, November 17th. Capital One Financial’s dividend payout ratio is presently 135.02%.

Capital One Financial Company 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.