Pinnacle Financial Partners Inc Sells 90,213 Shares of Capital One Financial Co. (NYSE:COF)

Pinnacle Financial Partners Inc lessened its holdings in shares of Capital One Financial Co. (NYSE:COF) by 86.8% during the third quarter, Holdings Channel reports. The firm owned 13,777 shares of the financial services provider’s stock after selling 90,213 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Capital One Financial were worth $2,063,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of COF. Prossimo Advisors LLC raised its position in Capital One Financial by 2.4% in the third quarter. Prossimo Advisors LLC now owns 2,735 shares of the financial services provider’s stock worth $410,000 after acquiring an additional 65 shares during the period. Arkadios Wealth Advisors lifted its position in Capital One Financial by 3.9% during the third quarter. Arkadios Wealth Advisors now owns 1,780 shares of the financial services provider’s stock valued at $266,000 after purchasing an additional 66 shares in the last quarter. Harbour Investments Inc. grew its holdings in Capital One Financial by 0.7% during the third quarter. Harbour Investments Inc. now owns 9,579 shares of the financial services provider’s stock valued at $1,434,000 after purchasing an additional 71 shares during the period. Arvest Investments Inc. increased its position in Capital One Financial by 1.2% in the third quarter. Arvest Investments Inc. now owns 6,513 shares of the financial services provider’s stock worth $975,000 after buying an additional 75 shares in the last quarter. Finally, Bangor Savings Bank raised its stake in shares of Capital One Financial by 20.8% in the third quarter. Bangor Savings Bank now owns 448 shares of the financial services provider’s stock worth $67,000 after buying an additional 77 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling

In other Capital One Financial news, insider Frank G. LapradeIii sold 15,751 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total value of $2,520,160.00. Following the sale, the insider now owns 44,711 shares in the company, valued at $7,153,760. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Frank G. LapradeIii sold 15,751 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the transaction, the insider now directly owns 44,711 shares of the company’s stock, valued at approximately $7,153,760. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total value of $323,765.78. Following the completion of the transaction, the insider now directly owns 19,776 shares in the company, valued at approximately $3,211,029.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 18,466 shares of company stock valued at $2,977,116. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

COF has been the subject of several analyst reports. Barclays increased their target price on shares of Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Evercore ISI raised their price objective on shares of Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Bank of America upped their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada boosted their price objective on Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Finally, Citigroup began coverage on Capital One Financial in a research report on Friday, September 20th. They set a “buy” rating and a $190.00 target price for the company. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Capital One Financial has a consensus rating of “Hold” and an average target price of $156.35.

Capital One Financial Stock Performance

NYSE COF opened at $185.46 on Thursday. The business’s 50 day moving average price is $155.16 and its 200-day moving average price is $145.53. Capital One Financial Co. has a fifty-two week low of $104.21 and a fifty-two week high of $198.30. The company has a market cap of $70.75 billion, a P/E ratio of 17.51, a P/E/G ratio of 1.39 and a beta of 1.43. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00.

Capital One Financial (NYSE:COF) last released its earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.81. The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business earned $4.45 EPS. Sell-side analysts predict that Capital One Financial Co. will post 13.46 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th will be issued a $0.60 dividend. The ex-dividend date is Thursday, November 14th. This represents a $2.40 annualized dividend and a dividend yield of 1.29%. Capital One Financial’s payout ratio is 22.66%.

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.