Legacy Financial Independent Advisors LLC Sells 7,938 Shares of Capital One Financial Corporation $COF

Legacy Financial Independent Advisors LLC lessened its stake in Capital One Financial Corporation (NYSE:COF) by 68.9% in the 3rd quarter, Holdings Channel reports. The firm owned 3,591 shares of the financial services provider’s stock after selling 7,938 shares during the period. Legacy Financial Independent Advisors LLC’s holdings in Capital One Financial were worth $693,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Krilogy Financial LLC lifted its stake in Capital One Financial by 69.0% in the third quarter. Krilogy Financial LLC now owns 25,629 shares of the financial services provider’s stock worth $4,948,000 after acquiring an additional 10,464 shares during the last quarter. Sculptor Capital LP purchased a new position in shares of Capital One Financial in the 1st quarter valued at $33,932,000. Swiss National Bank grew its position in shares of Capital One Financial by 6.5% in the 1st quarter. Swiss National Bank now owns 1,865,716 shares of the financial services provider’s stock valued at $340,363,000 after buying an additional 113,200 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Capital One Financial during the 2nd quarter worth $73,364,000. Finally, Levin Capital Strategies L.P. raised its stake in Capital One Financial by 3.3% during the 1st quarter. Levin Capital Strategies L.P. now owns 179,757 shares of the financial services provider’s stock worth $32,793,000 after acquiring an additional 5,707 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Transactions at Capital One Financial

In related news, insider Lia Dean sold 1,887 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $195.86, for a total value of $369,587.82. Following the sale, the insider directly owned 59,308 shares of the company’s stock, valued at approximately $11,616,064.88. This trade represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard D. Fairbank sold 90,743 shares of the company’s stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $202.86, for a total value of $18,408,124.98. Following the sale, the chief executive officer owned 4,018,520 shares of the company’s stock, valued at approximately $815,196,967.20. The trade was a 2.21% 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 115,194 shares of company stock worth $23,546,209 in the last 90 days. Insiders own 0.78% of the company’s stock.

Capital One Financial Stock Down 1.2%

Capital One Financial stock opened at $203.91 on Friday. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The stock has a 50 day moving average of $203.90 and a two-hundred day moving average of $201.06. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $122.66 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 0.94 and a beta of 1.10.

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

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be given a $0.80 dividend. The ex-dividend date is Monday, November 16th. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. Capital One Financial’s payout ratio is currently 18.89%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on COF shares. Bank of America reduced their price target on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. UBS Group dropped their price objective on Capital One Financial from $280.00 to $274.00 and set a “buy” rating on the stock in a report on Monday. Citigroup lifted their target price on Capital One Financial from $280.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft set a $245.00 target price on Capital One Financial in a report on Thursday, August 20th. Finally, Piper Sandler upped their target price on Capital One Financial from $260.00 to $269.00 and gave the company an “overweight” rating in a research report on Wednesday, October 21st. Twenty investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $256.50.

About Capital One Financial

Capital One Financial Corporation is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company operates as a bank holding company through Capital One, N.A., providing financial products and services to consumers, small businesses and commercial customers.

Capital One is best known for its credit card business, which offers a range of consumer and business cards. Its other activities include consumer banking products such as checking and savings accounts, auto loans and retail banking services, as well as commercial banking services for businesses and institutions.

The company primarily serves customers in the United States through digital channels, branches and other distribution networks.