Flputnam Investment Management Co. Sells 13,127 Shares of Capital One Financial Corporation $COF

Flputnam Investment Management Co. lowered its position in Capital One Financial Corporation (NYSE:COF) by 23.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 41,864 shares of the financial services provider’s stock after selling 13,127 shares during the period. Flputnam Investment Management Co.’s holdings in Capital One Financial were worth $8,899,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. WPG Advisers LLC bought a new stake in shares of Capital One Financial in the first quarter worth about $25,000. Moisand Fitzgerald Tamayo LLC grew its position in shares of Capital One Financial by 103.3% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 62 shares during the period. Olistico Wealth LLC grew its position in shares of Capital One Financial by 439.1% in the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 101 shares during the period. Saudi Central Bank bought a new stake in Capital One Financial during the 1st quarter worth approximately $27,000. Finally, RMG Wealth Management LLC acquired a new stake in Capital One Financial during the 2nd quarter worth approximately $27,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Neal Blinde sold 43,200 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $221.83, for a total transaction of $9,583,056.00. Following the transaction, the insider owned 73,020 shares of the company’s stock, valued at $16,198,026.60. The trade was a 37.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Frank G. LapradeIii sold 17,840 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $222.03, for a total value of $3,961,015.20. Following the sale, the insider owned 48,315 shares in the company, valued at approximately $10,727,379.45. This represents a 26.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 280,218 shares of company stock valued at $62,395,804. 1.26% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on COF. Citigroup upped their price target on shares of Capital One Financial from $275.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. TD Cowen raised their price objective on shares of Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Capital One Financial from $240.00 to $263.00 and gave the stock a “hold” rating in a research note on Wednesday. BTIG Research reiterated a “buy” rating and set a $264.00 target price on shares of Capital One Financial in a report on Wednesday, October 22nd. Finally, HSBC lifted their price target on Capital One Financial from $218.00 to $234.00 and gave the company a “hold” rating in a research note on Thursday, October 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $265.25.

Capital One Financial Stock Up 0.6%

Shares of COF stock opened at $244.20 on Friday. The firm’s fifty day moving average price is $220.91 and its two-hundred day moving average price is $216.84. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $244.82. The firm has a market capitalization of $155.25 billion, a P/E ratio of 103.04, a PEG ratio of 0.56 and a beta of 1.16.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. The company had revenue of $15.46 billion during the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. On average, equities analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.3%. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, November 17th. Capital One Financial’s payout ratio is currently 135.02%.

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.