Capital One Financial Corporation $COF Stock Sold by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. trimmed its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 62.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 346,578 shares of the financial services provider’s stock after selling 584,715 shares during the quarter. Eurizon Capital SGR S.p.A. owned 0.06% of Capital One Financial worth $67,206,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in COF. State Street Corp increased its stake in Capital One Financial by 107.9% during the second quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock worth $11,491,259,000 after acquiring an additional 29,724,829 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Capital One Financial in the 2nd quarter valued at approximately $1,435,311,000. Legal & General Group Plc bought a new stake in shares of Capital One Financial in the 2nd quarter valued at approximately $680,983,000. Berkshire Hathaway Inc bought a new stake in shares of Capital One Financial in the 2nd quarter valued at approximately $601,860,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Capital One Financial in the 2nd quarter worth approximately $482,718,000. Institutional investors own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on COF. Weiss Ratings raised Capital One Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, November 4th. Barclays increased their price target on Capital One Financial from $237.00 to $238.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. Deutsche Bank set a $245.00 price target on Capital One Financial in a research report on Thursday, August 20th. Wall Street Zen lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Finally, Evercore reiterated an “outperform” rating and set a $230.00 price objective on shares of Capital One Financial in a research report on Tuesday, October 27th. Twenty analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $256.50.

Capital One Financial Price Performance

Capital One Financial stock opened at $193.66 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $116.49 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 0.90 and a beta of 1.10. The firm has a 50-day moving average of $202.14 and a two-hundred day moving average of $200.33. Capital One Financial Corporation has a 1 year low of $174.24 and a 1 year high of $259.64.

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

Capital One Financial Announces Dividend

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

Insider Transactions at Capital One Financial

In other Capital One Financial news, CEO Richard Fairbank sold 90,743 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $204.86, for a total transaction of $18,589,610.98. Following the transaction, the chief executive officer directly owned 3,968,520 shares in the company, valued at $812,991,007.20. This trade represents a 2.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 2,017 shares of Capital One Financial stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $206.07, for a total value of $415,643.19. Following the sale, the insider directly owned 57,696 shares of the company’s stock, valued at approximately $11,889,414.72. This trade represents a 3.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 202,145 shares of company stock worth $41,281,806 in the last ninety days. 0.78% of the stock is owned by company insiders.

Capital One Financial Company 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.