Capital One Financial Co. (NYSE:COF) Shares Sold by First PREMIER Bank

First PREMIER Bank lowered its position in shares of Capital One Financial Co. (NYSE:COF) by 30.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,039 shares of the financial services provider’s stock after selling 1,350 shares during the period. First PREMIER Bank’s holdings in Capital One Financial were worth $455,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in COF. Connectus Wealth LLC increased its position in shares of Capital One Financial by 4.8% during the fourth quarter. Connectus Wealth LLC now owns 3,596 shares of the financial services provider’s stock worth $472,000 after purchasing an additional 164 shares in the last quarter. State of Tennessee Treasury Department increased its position in shares of Capital One Financial by 67.4% during the fourth quarter. State of Tennessee Treasury Department now owns 98,465 shares of the financial services provider’s stock worth $12,911,000 after purchasing an additional 39,662 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new stake in shares of Capital One Financial during the fourth quarter worth about $2,075,000. Cresset Asset Management LLC increased its position in shares of Capital One Financial by 5.4% during the fourth quarter. Cresset Asset Management LLC now owns 105,829 shares of the financial services provider’s stock worth $13,876,000 after purchasing an additional 5,388 shares in the last quarter. Finally, Putnam Investments LLC increased its position in shares of Capital One Financial by 4.0% during the fourth quarter. Putnam Investments LLC now owns 2,647,696 shares of the financial services provider’s stock worth $347,166,000 after purchasing an additional 101,613 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Activity at Capital One Financial

In related news, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction that occurred 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Capital One Financial news, 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 transaction of $8,175,141.52. Following the transaction, the chief executive officer now owns 40,934 shares of the company’s stock, valued at $5,438,491.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction on 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 directly owns 73,734 shares in the company, valued at approximately $11,060,100. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on COF. Royal Bank of Canada restated a “sector perform” rating and issued a $150.00 price target on shares of Capital One Financial in a research report on Thursday, July 25th. Evercore ISI dropped their price target on Capital One Financial from $166.00 to $163.00 and set an “in-line” rating on the stock in a research report on Monday. Barclays boosted their price target on Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a research report on Tuesday. Citigroup began coverage on Capital One Financial in a research report on Friday, September 20th. They issued a “buy” rating and a $190.00 price target on the stock. Finally, Bank of America boosted their price target on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $148.00.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $149.51 on Wednesday. The business’s 50 day simple moving average is $142.74 and its 200-day simple moving average is $141.76. The firm has a market capitalization of $56.84 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.00 and a quick ratio of 1.00. Capital One Financial Co. has a 12 month low of $88.23 and a 12 month high of $154.18.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.14). Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The firm had revenue of $9.51 billion for the quarter, compared to analysts’ expectations of $9.57 billion. During the same period last year, the firm earned $3.52 EPS. Capital One Financial’s revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts forecast that Capital One Financial Co. will post 12.91 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Monday, August 12th. Capital One Financial’s payout ratio is currently 18.79%.

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.