U.S. Capital Wealth Advisors LLC Trims Stake in Capital One Financial Corporation $COF

U.S. Capital Wealth Advisors LLC reduced its stake in Capital One Financial Corporation (NYSE:COF) by 34.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,408 shares of the financial services provider’s stock after selling 33,300 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Capital One Financial were worth $13,479,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of COF. Kingstone Capital Partners Texas LLC raised its position in shares of Capital One Financial by 588,668.3% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock worth $24,988,129,000 after acquiring an additional 117,427,549 shares in the last quarter. Vanguard Group Inc. grew its stake in Capital One Financial by 74.8% in the second quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock worth $11,995,603,000 after purchasing an additional 24,129,990 shares during the period. State Street Corp raised its holdings in Capital One Financial by 63.4% in the second quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock worth $5,910,500,000 after purchasing an additional 10,776,843 shares in the last quarter. Geode Capital Management LLC lifted its position in Capital One Financial by 64.1% during the second quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock valued at $2,970,628,000 after buying an additional 5,474,328 shares during the period. Finally, Norges Bank bought a new stake in shares of Capital One Financial during the 2nd quarter valued at $1,701,511,000. 89.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Evercore ISI increased their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. HSBC lifted their target price on shares of Capital One Financial from $218.00 to $234.00 and gave the company a “hold” rating in a report on Thursday, October 23rd. TD Cowen upped their price target on Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Jefferies Financial Group lifted their price objective on Capital One Financial from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Finally, Cowen reissued a “buy” rating on shares of Capital One Financial in a research note on Wednesday, November 26th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and an average price target of $264.25.

Capital One Financial Stock Performance

COF stock opened at $244.20 on Friday. The stock’s 50 day simple moving average is $220.91 and its 200 day simple moving average is $216.69. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $244.82. The stock has a market capitalization of $155.25 billion, a PE ratio of 103.04, a price-to-earnings-growth ratio of 0.56 and a beta of 1.16.

Capital One Financial (NYSE:COF) last posted its earnings results on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The business had revenue of $15.46 billion during the quarter. As a group, research analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were given a $0.80 dividend. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.3%. Capital One Financial’s payout ratio is presently 135.02%.

Insider Buying and Selling at Capital One Financial

In other news, insider Neal Blinde sold 43,200 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $221.83, for a total transaction of $9,583,056.00. Following the sale, the insider owned 73,020 shares of the company’s stock, valued at $16,198,026.60. This trade represents a 37.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Lia Dean sold 3,269 shares of Capital One Financial stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $218.15, for a total transaction of $713,132.35. Following the completion of the sale, the insider owned 69,855 shares of the company’s stock, valued at $15,238,868.25. This represents a 4.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 280,218 shares of company stock worth $62,395,804. 1.26% of the stock is owned by company insiders.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.