10,506 Capital One Financial Corporation $COF Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp lessened its holdings in Capital One Financial Corporation (NYSE:COF) by 3.2% in the third quarter, HoldingsChannel.com reports. The firm owned 315,759 shares of the financial services provider’s stock after selling 10,506 shares during the period. Fifth Third Bancorp’s holdings in Capital One Financial were worth $60,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Bingham Private Wealth LLC grew its position in shares of Capital One Financial by 2.3% during the 3rd quarter. Bingham Private Wealth LLC now owns 2,511 shares of the financial services provider’s stock valued at $485,000 after buying an additional 57 shares during the last quarter. Maryland State Retirement & Pension System raised its stake in Capital One Financial by 10.0% during the third quarter. Maryland State Retirement & Pension System now owns 36,786 shares of the financial services provider’s stock worth $7,102,000 after acquiring an additional 3,354 shares during the period. Ritholtz Wealth Management lifted its holdings in Capital One Financial by 13.1% in the third quarter. Ritholtz Wealth Management now owns 23,854 shares of the financial services provider’s stock worth $4,606,000 after acquiring an additional 2,771 shares during the last quarter. UNIVEST FINANCIAL Corp lifted its holdings in Capital One Financial by 9.7% in the third quarter. UNIVEST FINANCIAL Corp now owns 3,029 shares of the financial services provider’s stock worth $585,000 after acquiring an additional 268 shares during the last quarter. Finally, Joel Isaacson & Co. LLC lifted its holdings in Capital One Financial by 20.0% in the third quarter. Joel Isaacson & Co. LLC now owns 3,973 shares of the financial services provider’s stock worth $767,000 after acquiring an additional 662 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on COF shares. Morgan Stanley decreased their target price on Capital One Financial from $273.00 to $267.00 and set an “overweight” rating for the company in a research note on Monday, October 12th. Evercore reiterated an “outperform” rating and set a $230.00 price target on shares of Capital One Financial in a research report on Tuesday, October 27th. JPMorgan Chase & Co. raised their price target on Capital One Financial from $227.00 to $241.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Wall Street Zen lowered Capital One Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, UBS Group reduced their price objective on Capital One Financial from $280.00 to $274.00 and set a “buy” rating for the company in a research report on Monday, November 2nd. Twenty analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $256.50.

Capital One Financial Price Performance

NYSE COF opened at $193.66 on Friday. The company has a 50-day moving average price of $202.14 and a two-hundred day moving average price of $200.33. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The stock has a market cap of $116.49 billion, a price-to-earnings ratio of 9.49, a price-to-earnings-growth ratio of 0.90 and a beta of 1.10. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share for the quarter, beating analysts’ consensus estimates of $5.53 by $1.16. The company had revenue of $16.31 billion for the quarter, compared to analysts’ expectations of $16.25 billion. Capital One Financial had a return on equity of 11.64% and a net margin of 13.70%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.95 earnings per share. Analysts forecast that Capital One Financial Corporation will post 21.53 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, November 16th. Capital One Financial’s dividend payout ratio (DPR) is currently 18.89%.

Insider Activity

In other Capital One Financial news, insider Celia Karam sold 1,927 shares of the business’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $195.86, for a total transaction of $377,422.22. Following the completion of the transaction, the insider owned 55,774 shares in the company, valued at approximately $10,923,895.64. The trade was a 3.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 1,887 shares of the stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $195.86, for a total value of $369,587.82. Following the completion of the transaction, the insider directly owned 59,308 shares of the company’s stock, valued at approximately $11,616,064.88. The trade was a 3.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 202,145 shares of company stock worth $41,281,806 over the last ninety days. 0.78% of the stock is currently owned by company insiders.

Capital One Financial Profile

Capital One Financial Corporation is a bank holding company that provides credit cards, consumer banking, auto financing and commercial banking services. Its offerings include credit cards, deposit accounts, loans and financial services for businesses. The company traces its roots to a credit card business established within Signet Banking Corporation in 1988 and became an independent company in 1994. Capital One is headquartered in McLean, Virginia, and serves customers primarily in the United States, with credit card operations also in the United Kingdom.