Pacer Advisors Inc. Decreases Stock Position in Capital One Financial Corporation $COF

Pacer Advisors Inc. lessened its position in shares of Capital One Financial Corporation (NYSE:COF) by 5.7% during the third quarter, Holdings Channel reports. The institutional investor owned 56,538 shares of the financial services provider’s stock after selling 3,394 shares during the quarter. Pacer Advisors Inc.’s holdings in Capital One Financial were worth $12,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Earned Wealth Advisors LLC bought a new position in shares of Capital One Financial during the 2nd quarter valued at $254,000. Plancorp LLC bought a new position in Capital One Financial in the second quarter valued at about $272,000. CIBC Asset Management Inc boosted its position in Capital One Financial by 53.9% in the second quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider’s stock worth $18,830,000 after purchasing an additional 30,991 shares during the last quarter. Smith Chas P & Associates PA Cpas grew its stake in shares of Capital One Financial by 1,490.0% during the 2nd quarter. Smith Chas P & Associates PA Cpas now owns 43,486 shares of the financial services provider’s stock valued at $9,252,000 after purchasing an additional 40,751 shares during the period. Finally, Montecito Bank & Trust purchased a new stake in shares of Capital One Financial during the 3rd quarter valued at about $647,000. Institutional investors own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Cowen reissued a “buy” rating on shares of Capital One Financial in a report on Wednesday, November 26th. Morgan Stanley restated an “overweight” rating and issued a $280.00 price objective on shares of Capital One Financial in a research note on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft lifted their target price on Capital One Financial from $240.00 to $263.00 and gave the company a “hold” rating in a research report on Wednesday, December 17th. BTIG Research upped their price target on Capital One Financial from $264.00 to $308.00 and gave the stock a “buy” rating in a research report on Friday. Finally, The Goldman Sachs Group raised their price objective on Capital One Financial from $266.00 to $276.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $267.45.

Capital One Financial Price Performance

Shares of Capital One Financial stock opened at $249.58 on Friday. The company has a market capitalization of $158.67 billion, a price-to-earnings ratio of 105.31, a PEG ratio of 0.57 and a beta of 1.16. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. The stock’s 50-day simple moving average is $224.67 and its 200-day simple moving average is $218.62. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $249.73.

Capital One Financial (NYSE:COF) last issued its earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The company had revenue of $15.46 billion for the quarter. As a group, analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend 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 presently 135.02%.

Insider Activity

In related news, insider Neal Blinde sold 43,200 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $221.83, for a total transaction of $9,583,056.00. Following the completion of the transaction, the insider directly owned 73,020 shares of the company’s stock, valued at approximately $16,198,026.60. This trade represents a 37.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Lia Dean sold 3,269 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $218.15, for a total transaction of $713,132.35. Following the completion of the sale, the insider owned 69,855 shares in the company, valued at approximately $15,238,868.25. The trade was a 4.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 280,218 shares of company stock valued at $62,395,804 in the last quarter. Company insiders own 1.26% of the company’s stock.

Capital One Financial 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.