Capital One Financial Co. (NYSE:COF) Position Trimmed by Diversified Trust Co

Diversified Trust Co reduced its holdings in Capital One Financial Co. (NYSE:COF) by 0.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 17,658 shares of the financial services provider’s stock after selling 104 shares during the quarter. Diversified Trust Co’s holdings in Capital One Financial were worth $2,644,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Capital One Financial by 21.4% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 27,493 shares of the financial services provider’s stock valued at $4,093,000 after acquiring an additional 4,840 shares during the period. Twin Tree Management LP grew its position in shares of Capital One Financial by 5.6% during the first quarter. Twin Tree Management LP now owns 68,504 shares of the financial services provider’s stock worth $10,200,000 after acquiring an additional 3,609 shares during the last quarter. Clear Harbor Asset Management LLC acquired a new position in Capital One Financial during the 2nd quarter valued at about $511,000. QRG Capital Management Inc. increased its stake in shares of Capital One Financial by 3.2% in the second quarter. QRG Capital Management Inc. now owns 122,264 shares of the financial services provider’s stock valued at $16,927,000 after purchasing an additional 3,776 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its position in shares of Capital One Financial by 20.4% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 15,817 shares of the financial services provider’s stock worth $2,355,000 after buying an additional 2,675 shares during the period. 89.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Robert M. Alexander sold 30,742 shares of the company’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the transaction, the insider now owns 73,734 shares in the company, valued at $11,060,100. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Robert M. Alexander sold 30,742 shares of the business’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the transaction, the insider now directly owns 73,734 shares in the company, valued at $11,060,100. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total value of $8,175,141.52. Following the sale, the chief executive officer now owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Capital One Financial Stock Performance

Shares of COF opened at $152.00 on Tuesday. Capital One Financial Co. has a one year low of $88.23 and a one year high of $154.18. The company has a 50-day moving average of $142.74 and a two-hundred day moving average of $141.64. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $57.79 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 1.21 and a beta of 1.44.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share for the quarter, missing the consensus estimate of $3.28 by ($0.14). The firm had revenue of $9.51 billion for the quarter, compared to analysts’ expectations of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.52 earnings per share. On average, equities research analysts expect that Capital One Financial Co. will post 12.91 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Monday, August 12th. Capital One Financial’s dividend payout ratio is currently 18.79%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on COF shares. JPMorgan Chase & Co. raised their price target on Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a report on Monday. Bank of America boosted their price target on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $150.00 price objective on shares of Capital One Financial in a report on Thursday, July 25th. Evercore ISI dropped their target price on Capital One Financial from $166.00 to $163.00 and set an “in-line” rating on the stock in a report on Monday. Finally, Citigroup initiated coverage on Capital One Financial in a research note on Friday, September 20th. They set a “buy” rating and a $190.00 price target for the company. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $147.79.

Capital One Financial Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.