Farmers & Merchants Investments Inc. Lowers Holdings in Capital One Financial Corporation $COF

Farmers & Merchants Investments Inc. reduced its stake in shares of Capital One Financial Corporation (NYSE:COF) by 2.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 83,693 shares of the financial services provider’s stock after selling 2,091 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Capital One Financial were worth $17,791,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. HM Payson & Co. raised its position in Capital One Financial by 3.0% during the third quarter. HM Payson & Co. now owns 12,562 shares of the financial services provider’s stock valued at $2,670,000 after acquiring an additional 362 shares in the last quarter. Ethic Inc. increased its holdings in shares of Capital One Financial by 14.6% during the 3rd quarter. Ethic Inc. now owns 82,265 shares of the financial services provider’s stock valued at $17,488,000 after purchasing an additional 10,465 shares in the last quarter. Regatta Capital Group LLC increased its holdings in shares of Capital One Financial by 3.1% during the 3rd quarter. Regatta Capital Group LLC now owns 10,300 shares of the financial services provider’s stock valued at $2,190,000 after purchasing an additional 313 shares in the last quarter. Permanent Capital Management LP acquired a new position in shares of Capital One Financial in the 3rd quarter valued at $2,755,000. Finally, Everpar Advisors LLC boosted its holdings in Capital One Financial by 2.1% during the third quarter. Everpar Advisors LLC now owns 3,648 shares of the financial services provider’s stock worth $775,000 after buying an additional 76 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Activity at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $221.54, for a total value of $443,080.00. Following the completion of the sale, the general counsel directly owned 94,486 shares in the company, valued at $20,932,428.44. This represents a 2.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Neal Blinde sold 43,200 shares of Capital One Financial stock in a transaction that occurred 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 transaction, the insider owned 73,020 shares in the company, valued at approximately $16,198,026.60. The trade was a 37.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 280,218 shares of company stock worth $62,395,804 in the last 90 days. 1.26% of the stock is owned by insiders.

Capital One Financial Stock Down 1.4%

Shares of COF opened at $245.71 on Tuesday. The stock has a 50 day moving average price of $225.28 and a 200 day moving average price of $219.09. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $249.74. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $156.20 billion, a price-to-earnings ratio of 103.67, a PEG ratio of 0.57 and a beta of 1.16.

Capital One Financial (NYSE:COF) last announced its earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The company had revenue of $15.46 billion for the quarter. Equities research analysts forecast 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. Investors of record on Monday, November 17th were given a dividend of $0.80 per share. The ex-dividend date was Monday, November 17th. 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 yield of 1.3%. Capital One Financial’s dividend payout ratio (DPR) is presently 135.02%.

Analyst Ratings Changes

A number of research analysts have weighed in on COF shares. JPMorgan Chase & Co. lifted their price objective on shares of Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Truist Financial lifted their price target on Capital One Financial from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Evercore ISI increased their price target on Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. HSBC raised their price objective on Capital One Financial from $218.00 to $234.00 and gave the company a “hold” rating in a report on Thursday, October 23rd. Finally, Robert W. Baird upped their target price on Capital One Financial from $245.00 to $270.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $267.45.

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.