Capital One Financial Corporation $COF Stock Sold by Fisher Asset Management LLC

Fisher Asset Management LLC reduced its holdings in Capital One Financial Corporation (NYSE:COF) by 3.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,380,656 shares of the financial services provider’s stock after selling 135,048 shares during the quarter. Fisher Asset Management LLC’s holdings in Capital One Financial were worth $845,774,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in COF. Ariadne Wealth Management LP increased its stake in shares of Capital One Financial by 34.3% in the 3rd quarter. Ariadne Wealth Management LP now owns 2,465 shares of the financial services provider’s stock valued at $476,000 after acquiring an additional 630 shares in the last quarter. Werba Rubin Papier Wealth Management increased its stake in Capital One Financial by 4.9% in the third quarter. Werba Rubin Papier Wealth Management now owns 1,791 shares of the financial services provider’s stock valued at $346,000 after purchasing an additional 84 shares in the last quarter. Nikulski Financial Inc. raised its holdings in shares of Capital One Financial by 7.3% during the third quarter. Nikulski Financial Inc. now owns 1,217 shares of the financial services provider’s stock valued at $235,000 after purchasing an additional 83 shares during the period. R Squared Ltd acquired a new position in shares of Capital One Financial during the third quarter valued at about $347,000. Finally, Van Strum & Towne Inc. raised its holdings in shares of Capital One Financial by 1.7% during the third quarter. Van Strum & Towne Inc. now owns 28,305 shares of the financial services provider’s stock valued at $5,465,000 after purchasing an additional 475 shares during the period. 89.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

COF has been the subject of several research reports. Evercore restated an “outperform” rating and issued a $230.00 target price on shares of Capital One Financial in a research note on Tuesday, October 27th. Piper Sandler boosted 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. Weiss Ratings raised Capital One Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, November 4th. BMO Capital Markets increased their price target on Capital One Financial from $219.00 to $225.00 and gave the stock a “market perform” rating in a report on Wednesday, October 21st. Finally, Morgan Stanley cut their price target on Capital One Financial from $273.00 to $267.00 and set an “overweight” rating on the stock in a report on Monday, October 12th. Twenty analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Capital One Financial has an average rating of “Moderate Buy” and a consensus target price of $256.50.

Capital One Financial Stock Performance

Shares of COF stock opened at $193.66 on Friday. 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 firm has a fifty day simple moving average of $202.14 and a two-hundred day simple moving average of $200.33. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64. The firm has a market capitalization of $116.49 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 0.90 and a beta of 1.10.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share for the quarter, beating analysts’ consensus estimates of $5.53 by $1.16. The firm 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 quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $5.95 earnings per share. Analysts forecast that Capital One Financial Corporation will post 21.53 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared 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 of this dividend is Monday, November 16th. This represents a $3.20 annualized dividend and a yield of 1.7%. Capital One Financial’s dividend payout ratio (DPR) is presently 18.89%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $214.10, for a total transaction of $749,350.00. Following the completion of the sale, the general counsel directly owned 83,194 shares of the company’s stock, valued at approximately $17,811,835.40. The trade was a 4.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard D. Fairbank sold 90,743 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $204.86, for a total value of $18,589,610.98. Following the sale, the chief executive officer directly owned 3,968,520 shares of the company’s stock, valued at $812,991,007.20. This represents a 2.24% 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 a total of 202,145 shares of company stock worth $41,281,806 in the last quarter. 0.78% of the stock is owned by insiders.

Capital One Financial Profile

Capital One Financial Corporation is a bank holding company that provides credit cards, consumer banking, auto financing and commercial banking services. Its offerings include credit cards, deposit accounts, loans and financial services for businesses. The company traces its roots to a credit card business established within Signet Banking Corporation in 1988 and became an independent company in 1994. Capital One is headquartered in McLean, Virginia, and serves customers primarily in the United States, with credit card operations also in the United Kingdom.