Capital Group Private Client Services Inc. Decreases Stock Position in Capital One Financial Corporation $COF

Capital Group Private Client Services Inc. trimmed its holdings in Capital One Financial Corporation (NYSE:COF) by 78.3% during the third quarter, Holdings Channel.com reports. The fund owned 15,361 shares of the financial services provider’s stock after selling 55,534 shares during the period. Capital Group Private Client Services Inc.’s holdings in Capital One Financial were worth $3,265,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Howard Hughes Medical Institute purchased a new stake in shares of Capital One Financial in the second quarter valued at about $29,000. WFA of San Diego LLC purchased a new position in shares of Capital One Financial during the 2nd quarter worth approximately $32,000. Crowley Wealth Management Inc. acquired a new position in shares of Capital One Financial during the 3rd quarter worth approximately $33,000. Wolff Wiese Magana LLC raised its position in shares of Capital One Financial by 41.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 195 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 57 shares during the last quarter. Finally, Bell Investment Advisors Inc lifted its stake in Capital One Financial by 86.9% in the 2nd quarter. Bell Investment Advisors Inc now owns 200 shares of the financial services provider’s stock valued at $43,000 after buying an additional 93 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Down 0.4%

Shares of NYSE:COF opened at $184.93 on Wednesday. The stock has a 50-day simple moving average of $219.49 and a 200-day simple moving average of $221.76. The stock has a market capitalization of $115.01 billion, a P/E ratio of 62.47, a PEG ratio of 0.56 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 quick ratio of 1.04 and a current ratio of 1.04.

Capital One Financial (NYSE:COF) last posted its quarterly 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). 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 quarter in the previous year, the business posted $2.67 earnings per share. Equities analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, February 19th. Capital One Financial’s dividend payout ratio (DPR) is currently 108.11%.

Insiders Place Their Bets

In related news, insider Neal Blinde sold 38,135 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $190.51, for a total value of $7,265,098.85. Following the completion of the sale, the insider directly owned 33,551 shares in the company, valued at approximately $6,391,801.01. This represents a 53.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jason P. Hanson sold 3,729 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $205.00, for a total value of $764,445.00. Following the completion of the transaction, the insider directly owned 40,230 shares in the company, valued at $8,247,150. This trade represents a 8.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 67,933 shares of company stock worth $14,363,897. 1.26% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Evercore dropped their price target on Capital One Financial from $290.00 to $265.00 and set an “outperform” rating for the company in a research report on Tuesday, January 27th. Zacks Research downgraded Capital One Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Morgan Stanley increased their price objective on Capital One Financial from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Barclays dropped their price objective on 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, Wall Street Zen downgraded shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus target price 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.