Twin Capital Management Inc. Has $2.66 Million Position in Capital One Financial Corporation $COF

Twin Capital Management Inc. lessened its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 37.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 12,516 shares of the financial services provider’s stock after selling 7,546 shares during the period. Twin Capital Management Inc.’s holdings in Capital One Financial were worth $2,661,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC raised its stake in shares of Capital One Financial by 66.7% in the second quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 50 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Capital One Financial in the second quarter valued at approximately $28,000. Solstein Capital LLC bought a new position in Capital One Financial in the 2nd quarter worth approximately $28,000. Roble Belko & Company Inc acquired a new position in Capital One Financial during the 2nd quarter worth $28,000. Finally, Howard Hughes Medical Institute acquired a new position in Capital One Financial during the 2nd quarter worth $29,000. 89.84% of the stock is owned by institutional investors.

Capital One Financial Stock Performance

Shares of NYSE:COF opened at $222.72 on Friday. The firm’s 50 day simple moving average is $235.54 and its 200 day simple moving average is $223.50. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $259.64. The company has a market capitalization of $141.59 billion, a price-to-earnings ratio of 75.24, a P/E/G ratio of 0.64 and a beta of 1.14. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04.

Capital One Financial (NYSE:COF) last issued its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.28). The firm had revenue of $15.62 billion during the quarter, compared to the consensus estimate of $15.49 billion. Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The firm’s revenue for the quarter was up 53.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.67 EPS. As a group, sell-side analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th will be issued a dividend of $0.80 per share. The ex-dividend date is Thursday, February 19th. This represents a $3.20 annualized dividend and a yield of 1.4%. Capital One Financial’s payout ratio is currently 108.11%.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Frank G. LapradeIii sold 17,840 shares of the stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $222.03, for a total value of $3,961,015.20. Following the completion of the sale, the insider directly owned 48,315 shares in the company, valued at $10,727,379.45. This represents a 26.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ravi Raghu sold 13,450 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $250.00, for a total value of $3,362,500.00. Following the sale, the insider directly owned 30,337 shares in the company, valued at approximately $7,584,250. This represents a 30.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 52,114 shares of company stock valued at $12,092,070. Insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on COF shares. Jefferies Financial Group boosted their target price on Capital One Financial from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. BTIG Research dropped their price objective on Capital One Financial from $308.00 to $270.00 and set a “buy” rating for the company in a report on Friday, January 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Capital One Financial in a research report on Monday, December 29th. Barclays lowered their price target on shares of Capital One Financial from $294.00 to $287.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Finally, Wells Fargo & Company increased their price objective on shares of Capital One Financial from $265.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $274.70.

Capital One Financial 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.