Primecap Management Co. CA Sells 47,240 Shares of Capital One Financial Corporation $COF

Primecap Management Co. CA decreased its position in Capital One Financial Corporation (NYSE:COF) by 8.7% during the 3rd quarter, Holdings Channel reports. The firm owned 498,081 shares of the financial services provider’s stock after selling 47,240 shares during the period. Primecap Management Co. CA’s holdings in Capital One Financial were worth $105,882,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Mather Group LLC. increased its position in shares of Capital One Financial by 1.0% in the third quarter. Mather Group LLC. now owns 4,540 shares of the financial services provider’s stock valued at $965,000 after acquiring an additional 47 shares during the period. Optas LLC increased its holdings in Capital One Financial by 1.4% during the 3rd quarter. Optas LLC now owns 3,484 shares of the financial services provider’s stock valued at $741,000 after purchasing an additional 49 shares during the period. Nations Financial Group Inc. IA ADV increased its holdings in Capital One Financial by 1.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 4,450 shares of the financial services provider’s stock valued at $946,000 after purchasing an additional 49 shares during the period. Bridges Investment Management Inc. raised its position in Capital One Financial by 0.4% during the 3rd quarter. Bridges Investment Management Inc. now owns 11,251 shares of the financial services provider’s stock valued at $2,392,000 after purchasing an additional 49 shares during the last quarter. Finally, Culbertson A N & Co. Inc. lifted its holdings in Capital One Financial by 0.4% in the 2nd quarter. Culbertson A N & Co. Inc. now owns 11,365 shares of the financial services provider’s stock worth $2,418,000 after buying an additional 50 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Stock Up 1.3%

NYSE:COF opened at $208.43 on Friday. The firm’s 50-day moving average price is $228.33 and its 200-day moving average price is $223.04. The company has a market capitalization of $129.63 billion, a PE ratio of 70.42, a P/E/G ratio of 0.61 and a beta of 1.14. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $259.64.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. Capital One Financial’s revenue was up 53.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.67 EPS. On average, equities analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th will be paid a dividend of $0.80 per share. The ex-dividend date is Thursday, February 19th. This represents a $3.20 annualized dividend and a yield of 1.5%. Capital One Financial’s dividend payout ratio is currently 108.11%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on COF. Morgan Stanley lifted their price objective on Capital One Financial from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Wells Fargo & Company lifted their price target on shares of Capital One Financial from $265.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Royal Bank Of Canada restated a “sector perform” rating and issued a $275.00 price objective on shares of Capital One Financial in a report on Monday, January 12th. BTIG Research dropped their target price on shares of Capital One Financial from $308.00 to $270.00 and set a “buy” rating for the company in a research report on Friday, January 23rd. Finally, Citigroup boosted their price target on shares of Capital One Financial from $290.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, December 31st. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $274.70.

Insider Activity

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $250.00, for a total value of $500,000.00. Following the transaction, the general counsel owned 92,486 shares of the company’s stock, valued at approximately $23,121,500. This represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Celia Karam sold 2,108 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $218.25, for a total value of $460,071.00. Following the completion of the transaction, the insider directly owned 59,269 shares in the company, valued at $12,935,459.25. The trade was a 3.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 76,138 shares of company stock worth $16,160,598. 1.26% of the stock is owned by corporate insiders.

About Capital One Financial

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.