Brookstone Capital Management Has $573,000 Stock Position in Capital One Financial Co. (NYSE:COF)

Brookstone Capital Management reduced its position in shares of Capital One Financial Co. (NYSE:COF) by 26.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,214 shares of the financial services provider’s stock after selling 1,140 shares during the period. Brookstone Capital Management’s holdings in Capital One Financial were worth $573,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp boosted its holdings in Capital One Financial by 0.5% during the third quarter. State Street Corp now owns 16,506,861 shares of the financial services provider’s stock valued at $2,471,572,000 after acquiring an additional 74,784 shares during the period. Franklin Resources Inc. lifted its position in shares of Capital One Financial by 2.8% during the 3rd quarter. Franklin Resources Inc. now owns 10,387,265 shares of the financial services provider’s stock worth $1,649,488,000 after purchasing an additional 280,462 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Capital One Financial by 0.7% during the 3rd quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider’s stock worth $1,451,527,000 after purchasing an additional 72,097 shares during the last quarter. Geode Capital Management LLC boosted its stake in Capital One Financial by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 8,020,160 shares of the financial services provider’s stock valued at $1,198,664,000 after purchasing an additional 159,616 shares during the period. Finally, FMR LLC grew its holdings in Capital One Financial by 21.4% in the 3rd quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock valued at $994,350,000 after buying an additional 1,169,395 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. HSBC upgraded Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price target for the company in a report on Tuesday. Bank of America cut shares of Capital One Financial from a “buy” rating to a “neutral” rating and cut their target price for the company from $203.00 to $200.00 in a research note on Monday, December 9th. Wells Fargo & Company increased their price target on shares of Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Keefe, Bruyette & Woods boosted their price objective on shares of Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, December 9th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Capital One Financial has a consensus rating of “Hold” and an average target price of $188.06.

Insider Buying and Selling

In other news, insider Michael Zamsky sold 10,541 shares of Capital One Financial stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the transaction, the insider now directly owns 26,482 shares of the company’s stock, valued at $5,038,465.32. This trade represents a 28.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark Daniel Mouadeb sold 1,994 shares of Capital One Financial stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total value of $323,765.78. Following the transaction, the insider now owns 19,776 shares in the company, valued at $3,211,029.12. This trade represents a 9.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,256 shares of company stock worth $2,462,487 in the last quarter. 1.30% of the stock is owned by corporate insiders.

Capital One Financial Stock Up 1.4 %

NYSE COF opened at $191.16 on Friday. Capital One Financial Co. has a 1-year low of $123.23 and a 1-year high of $198.30. The company has a market capitalization of $72.88 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 1.12 and a beta of 1.46. The stock’s 50 day moving average is $183.71 and its two-hundred day moving average is $159.96. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, beating the consensus estimate of $3.70 by $0.81. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $9.88 billion. During the same quarter in the previous year, the firm earned $4.45 EPS. Capital One Financial’s quarterly revenue was up 6.8% on a year-over-year basis. Equities analysts forecast that Capital One Financial Co. will post 13.41 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s payout ratio is 22.66%.

About Capital One Financial

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.