Legacy Capital Group California Inc. Trims Holdings in Capital One Financial Co. (NYSE:COF)

Legacy Capital Group California Inc. trimmed its position in Capital One Financial Co. (NYSE:COF) by 4.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,650 shares of the financial services provider’s stock after selling 69 shares during the quarter. Legacy Capital Group California Inc.’s holdings in Capital One Financial were worth $247,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. raised its stake in shares of Capital One Financial by 1,518.0% in the third quarter. Assenagon Asset Management S.A. now owns 412,355 shares of the financial services provider’s stock worth $61,742,000 after purchasing an additional 386,870 shares during the last quarter. IFM Investors Pty Ltd raised its position in Capital One Financial by 0.9% during the third quarter. IFM Investors Pty Ltd now owns 86,517 shares of the financial services provider’s stock valued at $12,954,000 after acquiring an additional 741 shares in the last quarter. Greenleaf Trust raised its position in Capital One Financial by 2.9% during the third quarter. Greenleaf Trust now owns 10,485 shares of the financial services provider’s stock valued at $1,570,000 after acquiring an additional 300 shares in the last quarter. Commerzbank Aktiengesellschaft FI acquired a new position in Capital One Financial in the third quarter valued at approximately $217,000. Finally, Private Advisor Group LLC boosted its position in Capital One Financial by 10.4% in the 3rd quarter. Private Advisor Group LLC now owns 8,601 shares of the financial services provider’s stock worth $1,288,000 after purchasing an additional 808 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the transaction, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at $5,438,491.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the transaction, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at $5,438,491.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Frank G. LapradeIii sold 15,751 shares of Capital One Financial stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the transaction, the insider now directly owns 44,711 shares in the company, valued at $7,153,760. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Bank of America raised their price target on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Evercore ISI dropped their price target on shares of Capital One Financial from $166.00 to $163.00 and set an “in-line” rating on the stock in a research report on Monday, October 7th. Royal Bank of Canada raised their price target on shares of Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research report on Friday. Finally, Citigroup started coverage on shares of Capital One Financial in a research report on Friday, September 20th. They set a “buy” rating and a $190.00 price target on the stock. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $152.39.

Capital One Financial Stock Performance

NYSE:COF opened at $161.31 on Friday. The company’s 50-day moving average price is $147.39 and its 200-day moving average price is $142.75. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81. The company has a market cap of $61.33 billion, a P/E ratio of 12.63, a P/E/G ratio of 1.22 and a beta of 1.44. Capital One Financial Co. has a twelve month low of $89.08 and a twelve month high of $167.93.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.81. The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.88 billion. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $4.45 earnings per share. On average, sell-side analysts forecast that Capital One Financial Co. will post 12.87 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Monday, August 12th. Capital One Financial’s dividend payout ratio (DPR) is presently 18.79%.

Capital One Financial Company Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.