King Luther Capital Management Corp Sells 11,255 Shares of Capital One Financial Corporation $COF

King Luther Capital Management Corp trimmed its position in Capital One Financial Corporation (NYSE:COF) by 25.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 32,859 shares of the financial services provider’s stock after selling 11,255 shares during the period. King Luther Capital Management Corp’s holdings in Capital One Financial were worth $6,985,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Capital One Financial by 74.8% during the second quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock valued at $11,995,603,000 after purchasing an additional 24,129,990 shares in the last quarter. State Street Corp boosted its position in Capital One Financial by 63.4% during the 2nd quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock worth $5,910,500,000 after buying an additional 10,776,843 shares during the period. Norges Bank bought a new stake in Capital One Financial during the 2nd quarter worth approximately $1,701,511,000. Geode Capital Management LLC increased its position in Capital One Financial by 64.1% in the 2nd 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 acquiring an additional 5,474,328 shares during the period. Finally, Boston Partners bought a new position in shares of Capital One Financial during the second quarter valued at $534,777,000. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Trading Down 2.3%

COF opened at $205.08 on Friday. The company has a fifty day moving average price of $232.17 and a two-hundred day moving average price of $223.33. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $259.64. The company has a market cap of $130.38 billion, a P/E ratio of 69.28, a price-to-earnings-growth ratio of 0.62 and a beta of 1.14. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44.

Capital One Financial (NYSE:COF) last issued its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. During the same period last year, the company earned $2.67 earnings per share. The business’s revenue for the quarter was up 53.3% compared to the same quarter last year. Analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 19th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Thursday, February 19th. Capital One Financial’s dividend payout ratio (DPR) is currently 108.11%.

Insider Buying and Selling at Capital One Financial

In other news, insider Lia Dean sold 3,284 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $223.68, for a total transaction of $734,565.12. Following the completion of the sale, the insider directly owned 70,162 shares of the company’s stock, valued at $15,693,836.16. The trade was a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $250.00, for a total value of $500,000.00. Following the sale, the general counsel directly owned 92,486 shares of the company’s stock, valued at $23,121,500. This represents a 2.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 34,274 shares of company stock worth $8,131,054. 1.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

COF has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Capital One Financial in a report on Monday, December 29th. JPMorgan Chase & Co. lifted their price objective on Capital One Financial from $237.00 to $256.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Keefe, Bruyette & Woods increased their target price on shares of Capital One Financial from $260.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, January 2nd. Evercore reduced their price objective on shares of Capital One Financial from $290.00 to $265.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 27th. Finally, HSBC decreased their price objective on shares of Capital One Financial from $234.00 to $226.00 and set a “hold” rating for the company in a research report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $274.70.

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.