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

Canoe Financial LP cut its position in shares of Capital One Financial Corporation (NYSE:COF) by 37.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 378,889 shares of the financial services provider’s stock after selling 227,349 shares during the quarter. Canoe Financial LP’s holdings in Capital One Financial were worth $80,544,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. BSW Wealth Partners grew its holdings in shares of Capital One Financial by 64.5% during the 3rd quarter. BSW Wealth Partners now owns 3,545 shares of the financial services provider’s stock valued at $754,000 after purchasing an additional 1,390 shares during the last quarter. First PREMIER Bank grew its stake in shares of Capital One Financial by 3.0% during the third quarter. First PREMIER Bank now owns 3,255 shares of the financial services provider’s stock valued at $692,000 after buying an additional 95 shares during the last quarter. Norden Group LLC increased its holdings in shares of Capital One Financial by 17.9% in the third quarter. Norden Group LLC now owns 3,229 shares of the financial services provider’s stock worth $687,000 after buying an additional 491 shares during the period. World Investment Advisors lifted its stake in shares of Capital One Financial by 5.8% in the 3rd quarter. World Investment Advisors now owns 14,850 shares of the financial services provider’s stock valued at $3,157,000 after acquiring an additional 816 shares during the last quarter. Finally, Symmetry Partners LLC lifted its stake in shares of Capital One Financial by 16.9% in the 3rd quarter. Symmetry Partners LLC now owns 1,275 shares of the financial services provider’s stock valued at $271,000 after acquiring an additional 184 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Insiders Place Their Bets

In other news, insider Frank G. LapradeIii sold 17,840 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider owned 48,315 shares in the company, valued at $10,727,379.45. This trade represents a 26.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Neal Blinde sold 43,200 shares of Capital One Financial stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $221.83, for a total value of $9,583,056.00. Following the sale, the insider owned 73,020 shares in the company, valued at $16,198,026.60. This represents a 37.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 280,218 shares of company stock valued at $62,395,804 over the last ninety days. 1.26% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Capital One Financial from $240.00 to $263.00 and gave the stock a “hold” rating in a research note on Wednesday, December 17th. Robert W. Baird raised their target price on shares of Capital One Financial from $245.00 to $270.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. upped their price target 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. BTIG Research reissued a “buy” rating and set a $264.00 price target on shares of Capital One Financial in a research report on Wednesday, October 22nd. Finally, Jefferies Financial Group raised their price target on shares of Capital One Financial from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $265.25.

Capital One Financial Stock Performance

NYSE:COF opened at $247.42 on Friday. The stock has a market cap of $157.29 billion, a P/E ratio of 104.40, a price-to-earnings-growth ratio of 0.57 and a beta of 1.16. The firm’s fifty day simple moving average is $223.90 and its 200 day simple moving average is $218.15. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $249.65. 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 (NYSE:COF) last issued its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The business had revenue of $15.46 billion during the quarter. As a group, research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.3%. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date was Monday, November 17th. Capital One Financial’s dividend payout ratio (DPR) is 135.02%.

About Capital One Financial

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.