HM Payson & Co. Trims Stock Position in Capital One Financial Co. (NYSE:COF)


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HM Payson & Co. lowered its stake in shares of Capital One Financial Co. (NYSE:COF) by 20.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 8,500 shares of the financial services provider’s stock after selling 2,212 shares during the period. HM Payson & Co.’s holdings in Capital One Financial were worth $840,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Capital One Financial by 15.0% in the 4th quarter. FMR LLC now owns 28,406,881 shares of the financial services provider’s stock valued at $2,808,020,000 after purchasing an additional 3,713,495 shares in the last quarter. Aristotle Capital Management LLC increased its stake in shares of Capital One Financial by 12.7% in the 4th quarter. Aristotle Capital Management LLC now owns 7,620,508 shares of the financial services provider’s stock valued at $753,287,000 after purchasing an additional 861,599 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Capital One Financial by 4.9% in the 4th quarter. Bank of New York Mellon Corp now owns 5,667,661 shares of the financial services provider’s stock worth $560,249,000 after buying an additional 263,936 shares during the last quarter. Norges Bank acquired a new stake in Capital One Financial in the 4th quarter worth about $467,729,000. Finally, Ontario Teachers Pension Plan Board boosted its holdings in Capital One Financial by 59.7% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 2,730,742 shares of the financial services provider’s stock worth $269,934,000 after buying an additional 1,020,742 shares during the last quarter. Institutional investors and hedge funds own 89.60% of the company’s stock.

In other Capital One Financial news, insider Frank G. LapradeIii sold 39,909 shares of the business’s stock in a transaction that occurred on Thursday, March 4th. The stock was sold at an average price of $124.80, for a total value of $4,980,643.20. Following the sale, the insider now owns 88,676 shares of the company’s stock, valued at $11,066,764.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John G. Finneran, Jr. sold 45,527 shares of the business’s stock in a transaction that occurred on Monday, March 8th. The shares were sold at an average price of $129.34, for a total value of $5,888,462.18. Following the completion of the sale, the insider now directly owns 57,833 shares in the company, valued at approximately $7,480,120.22. The disclosure for this sale can be found here. 1.47% of the stock is owned by insiders.

COF stock opened at $132.97 on Thursday. The firm has a market cap of $60.72 billion, a PE ratio of 66.49, a PEG ratio of 1.20 and a beta of 1.72. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.91 and a current ratio of 0.92. The firm’s 50 day moving average price is $126.29 and its 200-day moving average price is $100.21. Capital One Financial Co. has a one year low of $49.41 and a one year high of $134.70.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Monday, January 25th. The financial services provider reported $5.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.85 by $2.44. The firm had revenue of $7.34 billion for the quarter, compared to analyst estimates of $6.92 billion. Capital One Financial had a net margin of 4.08% and a return on equity of 3.05%. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.49 EPS. Equities research analysts predict that Capital One Financial Co. will post 3.09 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 1st. Shareholders of record on Wednesday, February 17th were given a $0.40 dividend. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, February 16th. This represents a $1.60 dividend on an annualized basis and a yield of 1.20%. Capital One Financial’s payout ratio is presently 13.23%.

Several research firms recently issued reports on COF. Zacks Investment Research cut Capital One Financial from a “strong-buy” rating to a “hold” rating and set a $136.00 price objective on the stock. in a report on Tuesday, March 30th. JPMorgan Chase & Co. lifted their price objective on Capital One Financial from $89.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 19th. Stephens began coverage on Capital One Financial in a report on Thursday, December 10th. They issued an “equal weight” rating on the stock. Oppenheimer reiterated a “buy” rating and issued a $130.00 price objective (up from $105.00) on shares of Capital One Financial in a report on Tuesday, January 19th. Finally, BMO Capital Markets boosted their target price on Capital One Financial from $150.00 to $154.00 and gave the stock an “outperform” rating in a report on Wednesday, January 27th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $124.00.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides 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.

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Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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