Banque Pictet & Cie SA lowered its stake in Capital One Financial Corp. (NYSE:COF) by 10.2% during the third quarter, Holdings Channel reports. The firm owned 40,807 shares of the financial services provider’s stock after selling 4,644 shares during the period. Banque Pictet & Cie SA’s holdings in Capital One Financial Corp. were worth $2,931,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of Capital One Financial Corp. by 34.6% in the third quarter. JPMorgan Chase & Co. now owns 17,546,669 shares of the financial services provider’s stock valued at $1,260,376,000 after buying an additional 4,511,539 shares during the period. Pzena Investment Management LLC bought a new stake in shares of Capital One Financial Corp. during the third quarter valued at $229,175,000. Emerald Acquisition Ltd. bought a new stake in shares of Capital One Financial Corp. during the second quarter valued at $135,041,000. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Capital One Financial Corp. by 9.8% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 19,814,087 shares of the financial services provider’s stock valued at $1,258,393,000 after buying an additional 1,763,210 shares during the period. Finally, Fisher Asset Management LLC increased its stake in shares of Capital One Financial Corp. by 607.9% in the third quarter. Fisher Asset Management LLC now owns 1,383,441 shares of the financial services provider’s stock valued at $99,373,000 after buying an additional 1,188,001 shares during the period. Institutional investors own 89.72% of the company’s stock.

Institutional Ownership by Quarter for Capital One Financial Corp. (NYSE:COF)

Capital One Financial Corp. (NYSE:COF) traded down 0.77% during trading on Tuesday, reaching $82.60. The company’s stock had a trading volume of 2,242,735 shares. The firm has a market capitalization of $41.39 billion, a P/E ratio of 11.80 and a beta of 1.21. Capital One Financial Corp. has a 52 week low of $58.03 and a 52 week high of $84.80. The firm has a 50-day moving average price of $76.57 and a 200-day moving average price of $70.73.

Capital One Financial Corp. (NYSE:COF) last released its quarterly earnings results on Tuesday, October 25th. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.09. Capital One Financial Corp. had a net margin of 14.37% and a return on equity of 8.44%. The company earned $6.46 billion during the quarter, compared to analysts’ expectations of $432.47 million. During the same period in the prior year, the company earned $2.10 earnings per share. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, equities analysts anticipate that Capital One Financial Corp. will post $7.06 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 25th. Investors of record on Monday, November 14th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Wednesday, November 9th. Capital One Financial Corp.’s payout ratio is presently 22.82%.

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Several equities research analysts have weighed in on COF shares. upped their price target on Capital One Financial Corp. from $83.00 to $86.00 and gave the stock a “buy” rating in a report on Friday, September 23rd. Stifel Nicolaus downgraded Capital One Financial Corp. from a “buy” rating to a “hold” rating and upped their price target for the stock from $76.00 to $84.00 in a report on Monday, November 14th. Zacks Investment Research downgraded Capital One Financial Corp. from a “hold” rating to a “sell” rating in a report on Monday, September 19th. Barclays PLC reiterated an “overweight” rating and issued a $80.00 price objective on shares of Capital One Financial Corp. in a report on Wednesday, October 12th. Finally, Oppenheimer Holdings Inc. reiterated an “underperform” rating and issued a $60.00 price objective (up previously from $59.00) on shares of Capital One Financial Corp. in a report on Sunday, October 30th. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $79.31.

In related news, CEO Richard D. Fairbank sold 4,300 shares of the stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $75.12, for a total value of $323,016.00. Following the completion of the sale, the chief executive officer now owns 2,597,316 shares in the company, valued at $195,110,377.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Richard D. Fairbank sold 873,024 shares of the stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $77.63, for a total transaction of $67,772,853.12. Following the completion of the sale, the chief executive officer now owns 2,809,767 shares of the company’s stock, valued at approximately $218,122,212.21. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

Capital One Financial Corp. Company Profile

5 Day Chart for NYSE:COF

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