Cadence Capital Management LLC decreased its stake in shares of Capital One Financial Corporation (NYSE:COF) by 7.0% during the first quarter, Holdings Channel reports. The firm owned 17,780 shares of the financial services provider’s stock after selling 1,339 shares during the period. Cadence Capital Management LLC’s holdings in Capital One Financial Corporation were worth $1,541,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Aviva PLC boosted its stake in Capital One Financial Corporation by 10.0% in the fourth quarter. Aviva PLC now owns 313,514 shares of the financial services provider’s stock valued at $27,354,000 after buying an additional 28,445 shares during the period. Elkfork Partners LLC acquired a new position in shares of Capital One Financial Corporation during the fourth quarter worth about $8,415,000. Cypress Capital Management LLC acquired a new position in shares of Capital One Financial Corporation during the fourth quarter worth about $442,000. Trexquant Investment LP acquired a new position in shares of Capital One Financial Corporation during the fourth quarter worth about $1,876,000. Finally, Keybank National Association OH boosted its position in shares of Capital One Financial Corporation by 2.0% in the fourth quarter. Keybank National Association OH now owns 343,553 shares of the financial services provider’s stock worth $29,971,000 after buying an additional 6,875 shares during the last quarter. 88.89% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Capital One Financial Corporation (NYSE COF) traded down 0.34% during midday trading on Tuesday, hitting $81.45. 333,153 shares of the company were exchanged. The firm’s 50 day moving average price is $80.21 and its 200 day moving average price is $85.99. Capital One Financial Corporation has a one year low of $58.03 and a one year high of $96.92. The firm has a market capitalization of $39.28 billion, a price-to-earnings ratio of 12.36 and a beta of 1.21.

Capital One Financial Corporation (NYSE:COF) last announced its earnings results on Tuesday, April 25th. The financial services provider reported $1.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.93 by $0.18. The firm had revenue of $6.54 billion during the quarter, compared to analysts’ expectations of $6.63 billion. Capital One Financial Corporation had a net margin of 12.96% and a return on equity of 7.83%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.84 EPS. Analysts forecast that Capital One Financial Corporation will post $7.49 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 25th. Investors of record on Monday, May 15th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.96%. Capital One Financial Corporation’s dividend payout ratio (DPR) is presently 24.32%.

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A number of equities analysts have issued reports on the stock. Oppenheimer Holdings, Inc. reduced their price objective on shares of Capital One Financial Corporation from $84.00 to $80.00 and set an “underperform” rating on the stock in a research note on Wednesday, April 26th. Credit Suisse Group reaffirmed a “hold” rating and issued a $99.00 price objective on shares of Capital One Financial Corporation in a research note on Friday, April 7th. Instinet raised shares of Capital One Financial Corporation from a “neutral” rating to a “buy” rating and raised their price objective for the company from $97.00 to $105.00 in a research note on Wednesday, March 29th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $106.00 price objective on shares of Capital One Financial Corporation in a research note on Friday. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $103.00 price objective on shares of Capital One Financial Corporation in a research note on Tuesday. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $92.05.

In related news, insider Michael J. Wassmer sold 734 shares of the firm’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $86.88, for a total transaction of $63,769.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Slocum sold 6,276 shares of the firm’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $82.16, for a total transaction of $515,636.16. Following the sale, the insider now owns 61,905 shares of the company’s stock, valued at approximately $5,086,114.80. The disclosure for this sale can be found here. Company insiders own 1.73% of the company’s stock.

Capital One Financial Corporation Company Profile

Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.

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