Capital One Financial Corp. (NYSE:COF) Shares Sold by United Capital Financial Advisers LLC

United Capital Financial Advisers LLC trimmed its position in shares of Capital One Financial Corp. (NYSE:COF) by 3.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 173,667 shares of the financial services provider’s stock after selling 5,319 shares during the period. United Capital Financial Advisers LLC’s holdings in Capital One Financial were worth $15,759,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. FMR LLC grew its holdings in Capital One Financial by 7.3% during the 1st quarter. FMR LLC now owns 18,589,892 shares of the financial services provider’s stock worth $1,518,608,000 after acquiring an additional 1,259,001 shares in the last quarter. Davis Selected Advisers grew its holdings in Capital One Financial by 0.5% during the 2nd quarter. Davis Selected Advisers now owns 13,836,387 shares of the financial services provider’s stock worth $1,255,514,000 after acquiring an additional 62,409 shares in the last quarter. Geode Capital Management LLC grew its holdings in Capital One Financial by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 6,275,759 shares of the financial services provider’s stock worth $473,568,000 after acquiring an additional 370,154 shares in the last quarter. Northern Trust Corp grew its holdings in Capital One Financial by 1.0% during the 2nd quarter. Northern Trust Corp now owns 6,179,154 shares of the financial services provider’s stock worth $560,695,000 after acquiring an additional 59,949 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Capital One Financial by 15.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,423,750 shares of the financial services provider’s stock worth $401,410,000 after acquiring an additional 580,140 shares in the last quarter. 88.73% of the stock is owned by institutional investors.

In other news, insider Michael J. Wassmer sold 8,212 shares of Capital One Financial stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $95.03, for a total value of $780,386.36. Following the completion of the transaction, the insider now directly owns 84,679 shares of the company’s stock, valued at approximately $8,047,045.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher T. Newkirk sold 5,715 shares of Capital One Financial stock in a transaction dated Wednesday, June 19th. The shares were sold at an average price of $92.00, for a total transaction of $525,780.00. Following the completion of the transaction, the insider now directly owns 35,031 shares of the company’s stock, valued at $3,222,852. The disclosure for this sale can be found here. Insiders sold a total of 37,756 shares of company stock valued at $3,503,993 over the last ninety days. Company insiders own 1.43% of the company’s stock.

Shares of NYSE COF traded up $0.71 during midday trading on Friday, hitting $93.62. The company’s stock had a trading volume of 1,731,653 shares, compared to its average volume of 1,858,221. Capital One Financial Corp. has a 1-year low of $69.90 and a 1-year high of $100.55. The firm’s fifty day moving average price is $88.22 and its 200-day moving average price is $88.17. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $43.31 billion, a P/E ratio of 8.60, a P/E/G ratio of 1.00 and a beta of 1.26.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Thursday, July 18th. The financial services provider reported $3.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.84 by $0.53. Capital One Financial had a net margin of 17.50% and a return on equity of 10.68%. The business had revenue of $7.12 billion during the quarter, compared to analyst estimates of $7.01 billion. During the same period in the previous year, the business posted $3.71 EPS. The company’s quarterly revenue was down .9% on a year-over-year basis. As a group, research analysts predict that Capital One Financial Corp. will post 11.48 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 5th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Friday, August 2nd. Capital One Financial’s dividend payout ratio (DPR) is presently 14.71%.

Several research analysts have weighed in on COF shares. BMO Capital Markets set a $141.00 price objective on shares of Capital One Financial and gave the stock a “buy” rating in a report on Friday, July 19th. Deutsche Bank reissued a “hold” rating and set a $98.00 price objective on shares of Capital One Financial in a report on Monday, July 8th. Morgan Stanley set a $99.00 price objective on shares of Capital One Financial and gave the stock a “hold” rating in a report on Friday, August 9th. Piper Jaffray Companies decreased their price objective on shares of Capital One Financial from $111.00 to $107.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, ValuEngine lowered shares of Capital One Financial from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $104.89.

Capital One Financial Company Profile

Capital One Financial Corporation operates as the bank 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, the United Kingdom, and Canada. 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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