Canoe Financial LP Lowers Stock Position in Capital One Financial Corporation $COF

Canoe Financial LP reduced its position in shares of Capital One Financial Corporation (NYSE:COF) by 37.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 378,889 shares of the financial services provider’s stock after selling 227,349 shares during the period. Canoe Financial LP owned 0.06% of Capital One Financial worth $80,544,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Earned Wealth Advisors LLC bought a new stake in shares of Capital One Financial in the second quarter valued at $254,000. Plancorp LLC bought a new position in shares of Capital One Financial during the 2nd quarter worth $272,000. CIBC Asset Management Inc increased its holdings in Capital One Financial by 53.9% in the 2nd quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider’s stock worth $18,830,000 after acquiring an additional 30,991 shares during the last quarter. Smith Chas P & Associates PA Cpas increased its holdings in Capital One Financial by 1,490.0% in the 2nd quarter. Smith Chas P & Associates PA Cpas now owns 43,486 shares of the financial services provider’s stock worth $9,252,000 after acquiring an additional 40,751 shares during the last quarter. Finally, Montecito Bank & Trust bought a new stake in Capital One Financial in the 3rd quarter valued at about $647,000. 89.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on COF. Evercore ISI increased their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Capital One Financial from $240.00 to $263.00 and gave the company a “hold” rating in a research note on Wednesday, December 17th. Barclays lifted their price objective on shares of Capital One Financial from $257.00 to $271.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. TD Cowen boosted their target price on shares of Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a report on Monday, October 6th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $280.00 price target on shares of Capital One Financial in a report on Tuesday, December 16th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $265.25.

Capital One Financial Stock Performance

NYSE COF opened at $247.42 on Friday. The company’s 50 day simple moving average is $223.90 and its two-hundred day simple moving average is $218.15. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $249.65. The stock has a market capitalization of $157.29 billion, a PE ratio of 104.40, a P/E/G ratio of 0.57 and a beta of 1.16.

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

Capital One Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were given a dividend of $0.80 per share. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date was Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.3%. Capital One Financial’s dividend payout ratio is 135.02%.

Insider Activity at Capital One Financial

In other Capital One Financial news, CEO Richard D. Fairbank sold 103,487 shares of Capital One Financial stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $220.68, for a total transaction of $22,837,511.16. Following the completion of the sale, the chief executive officer directly owned 4,001,228 shares in the company, valued at $882,990,995.04. The trade was a 2.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Celia Karam sold 2,936 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $218.15, for a total transaction of $640,488.40. Following the completion of the transaction, the insider directly owned 63,433 shares in the company, valued at $13,837,908.95. The trade was a 4.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 280,218 shares of company stock valued at $62,395,804 in the last ninety days. Insiders own 1.26% of the company’s stock.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.