Wright Investors Service Inc. Cuts Stake in Capital One Financial Co. (NYSE:COF)

Wright Investors Service Inc. reduced its position in Capital One Financial Co. (NYSE:COF) by 2.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,351 shares of the financial services provider’s stock after selling 68 shares during the quarter. Wright Investors Service Inc.’s holdings in Capital One Financial were worth $502,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Park Avenue Securities LLC lifted its holdings in Capital One Financial by 1.6% during the third quarter. Park Avenue Securities LLC now owns 20,560 shares of the financial services provider’s stock worth $3,078,000 after buying an additional 322 shares during the period. Czech National Bank raised its position in shares of Capital One Financial by 6.8% in the 3rd quarter. Czech National Bank now owns 77,788 shares of the financial services provider’s stock worth $11,647,000 after acquiring an additional 4,975 shares in the last quarter. Passive Capital Management LLC. purchased a new stake in shares of Capital One Financial during the 2nd quarter worth $202,000. Sanctuary Advisors LLC bought a new stake in Capital One Financial during the second quarter valued at about $14,045,000. Finally, Coronation Fund Managers Ltd. purchased a new position in Capital One Financial in the second quarter valued at about $6,750,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Stock Performance

Shares of COF stock traded up $8.24 during trading hours on Friday, hitting $153.44. The company’s stock had a trading volume of 2,550,961 shares, compared to its average volume of 2,458,377. The stock has a market cap of $58.34 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44. Capital One Financial Co. has a 12-month low of $88.23 and a 12-month high of $154.18. The company has a 50 day moving average of $142.74 and a 200 day moving average of $141.64. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results 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 company had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. Capital One Financial’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $3.52 earnings per share. On average, sell-side analysts forecast that Capital One Financial Co. will post 12.91 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.56%. The ex-dividend date was Monday, August 12th. Capital One Financial’s dividend payout ratio is currently 18.79%.

Analyst Upgrades and Downgrades

COF has been the subject of several analyst reports. Bank of America increased their price target on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. increased their target price on shares of Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a research report on Monday, July 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $150.00 price target on shares of Capital One Financial in a report on Thursday, July 25th. Evercore ISI decreased their price objective on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a report on Tuesday, June 25th. Finally, Citigroup started coverage on Capital One Financial in a research report on Friday, September 20th. They issued a “buy” rating and a $190.00 price objective 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $147.21.

Insider Buying and Selling at Capital One Financial

In other news, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 73,734 shares of the company’s stock, valued at $11,060,100. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction dated 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 sale, the insider now directly owns 73,734 shares of the company’s stock, valued at $11,060,100. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were 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 in the company, valued at $5,438,491.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Capital One Financial Company 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.