Spire Wealth Management reduced its position in Capital One Financial Co. (NYSE:COF) by 36.7% in the first quarter, according to the company in its latest filing with the SEC. The company held 5,387 shares of the financial services provider after selling 3,127 shares during the period. Spire Wealth Management’s holdings in Capital One Financial were worth $707,000 at the end of the last quarter.
Several other institutional investors have also recently changed their COF holdings. Moors & Cabot Inc. increased its position in Capital One Financial shares by 5.2% in the third quarter. Moors & Cabot Inc. now owns 3,407 shares of the financial services provider worth $552,000 after acquiring an additional 169 shares during the period. Carroll Financial Associates Inc. increased its position in Capital One Financial shares by 11.7% during the fourth quarter. Carroll Financial Associates Inc. now owns 991 shares of the financial services provider worth $144,000 after buying 104 more shares in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Capital One Financial by 22.6% during the 4th quarter. Crossmark Global Holdings Inc. now owns 64,073 shares of the financial services provider worth $9,296,000 after purchasing an additional 11,821 shares in the last quarter. Dixon Hubard Feinour & Brown Inc. VA increased its position in Capital One Financial shares by 56.1% during the 4th quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 5,117 shares of the financial services provider worth $742,000 after buying 1,839 additional shares in the last quarter. Finally, Harbor Investment Advisory LLC increased its position in Capital One Financial shares by 7.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 1,773 shares of the financial services provider worth $257,000 after buying 127 additional shares in the last quarter. Institutional investors and hedge funds hold 89.31% of the company’s shares.
Shares of COF opened at $104.19 on Friday. Capital One Financial Co. has a 12-month low of $98.54 and a 12-month high of $177.95. The company’s fifty-day simple moving average is $118.79 and its 200-day simple moving average is $135.21. The company has a market capitalization of $40.95 billion, a price/earnings ratio of 4.10, a PEG ratio of 0.32 and a beta of 1.44. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt ratio of 0.79.
Capital One Financial (NYSE:COF – Get Rating) last reported quarterly earnings data on Tuesday, April 26. The financial services provider reported earnings per share of $5.62 for the quarter, beating analyst consensus estimates of $5.39 by $0.23. Capital One Financial had a net margin of 34.71% and a return on equity of 18.66%. The company posted revenue of $8.17 billion for the quarter, versus analyst estimates of $8.02 billion. During the same period last year, the company achieved EPS of $7.03. The company’s revenue increased 14.9% year over year. On average, analysts predict Capital One Financial Co. will post earnings per share of 20.14 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 27. Shareholders of record on Monday, May 16 received a dividend of $0.60. The ex-dividend date was Friday, May 13. This represents a dividend of $2.40 on an annualized basis and a dividend yield of 2.30%. Capital One Financial’s payout ratio is 9.44%.
Several research analysts have recently weighed in on the stock. Citigroup raised its price target on Capital One Financial shares from $185.00 to $189.00 and gave the stock a “buy” rating in a Thursday, March 24 research report. Wolfe Research downgraded Capital One Financial shares from a “peer performing” rating to an “underperforming” rating and set a price target of $86.00 for the company. in a research report on Thursday, May 12. Bank of America lowered its price target on shares of Capital One Financial from $185.00 to $167.00 in a Thursday, March 17 research note. StockNews.com began covering Capital One Financial shares in a research note on Thursday, March 31. They set a “holding” rating for the company. Finally, Robert W. Baird upgraded Capital One Financial shares from a “neutral” rating to an “outperforming” rating and set a price target of $145.00 for the company in a research note on Friday. June 17. One analyst rated the stock with a sell rating, eight gave the company a hold rating and fourteen gave the company’s stock a buy rating. According to MarketBeat.com, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus price target of $168.35.
Separately, insider Sheldon Hall sold 14,504 shares in a trade on Thursday, May 26. The shares were sold at an average price of $125.00, for a total value of $1,813,000.00. Following the transaction, the insider now directly owns 68,337 shares of the company, valued at approximately $8,542,125. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.27% of the shares are currently held by insiders of the company.
Capital One Financial Company Profile (Get a rating)
Capital One Financial Corporation operates as the financial services holding company for 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 Cards, Consumer Banking and Business Banking.
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