ProShare Advisors LLC Decreases Stock Holdings in Capital One Financial Corporation $COF

ProShare Advisors LLC cut its stake in Capital One Financial Corporation (NYSE:COF) by 9.6% in the third quarter, Holdings Channel reports. The institutional investor owned 128,015 shares of the financial services provider’s stock after selling 13,551 shares during the period. ProShare Advisors LLC’s holdings in Capital One Financial were worth $27,213,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Earned Wealth Advisors LLC purchased a new stake in shares of Capital One Financial in the second quarter valued at approximately $254,000. Cortland Associates Inc. MO purchased a new position in Capital One Financial during the third quarter worth about $14,391,000. CIBC Asset Management Inc lifted its holdings in Capital One Financial by 53.9% in the second quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider’s stock valued at $18,830,000 after acquiring an additional 30,991 shares during the last quarter. Meridian Wealth Management LLC lifted its stake in shares of Capital One Financial by 334.8% in the 3rd quarter. Meridian Wealth Management LLC now owns 9,404 shares of the financial services provider’s stock valued at $1,999,000 after purchasing an additional 7,241 shares during the last quarter. Finally, Montecito Bank & Trust acquired a new position in Capital One Financial in the third quarter valued at about $647,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Capital One Financial

In other news, insider Frank G. LapradeIii sold 17,840 shares of Capital One Financial stock in a transaction dated 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 sale, the insider owned 48,315 shares of the company’s stock, valued at $10,727,379.45. The trade was 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 accessible through this hyperlink. Also, insider Celia Karam sold 2,936 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $218.15, for a total transaction of $640,488.40. Following the transaction, the insider owned 63,433 shares in the company, valued at approximately $13,837,908.95. This trade represents a 4.42% 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 52,114 shares of company stock worth $12,092,070 over the last three months. 1.26% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. BTIG Research decreased their price objective on shares of Capital One Financial from $308.00 to $270.00 and set a “buy” rating on the stock in a report on Friday, January 23rd. Zacks Research cut Capital One Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. HSBC dropped their price objective on Capital One Financial from $234.00 to $226.00 and set a “hold” rating for the company in a research note on Tuesday, January 20th. Wall Street Zen lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Finally, Citigroup upped their target price on shares of Capital One Financial from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, December 31st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Capital One Financial has a consensus rating of “Moderate Buy” and an average price target of $274.70.

Capital One Financial Stock Down 1.2%

Shares of NYSE COF opened at $220.10 on Wednesday. The business has a 50-day moving average of $235.51 and a two-hundred day moving average of $223.71. The company has a market capitalization of $139.92 billion, a price-to-earnings ratio of 74.36, a price-to-earnings-growth ratio of 0.66 and a beta of 1.14. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $259.64. 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The company had revenue of $15.62 billion during the quarter, compared to analyst estimates of $15.49 billion. During the same quarter in the previous year, the company posted $2.67 EPS. The company’s quarterly revenue was up 53.3% on a year-over-year basis. On average, analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th will be paid a dividend of $0.80 per share. The ex-dividend date is Thursday, February 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. Capital One Financial’s dividend payout ratio is 108.11%.

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.