Capital One Financial Co. (NYSE:COF) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. cut its holdings in Capital One Financial Co. (NYSE:COF) by 1.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,157 shares of the financial services provider’s stock after selling 283 shares during the quarter. Hartford Investment Management Co.’s holdings in Capital One Financial were worth $3,617,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of COF. Greenleaf Trust grew its holdings in Capital One Financial by 2.9% during the 3rd quarter. Greenleaf Trust now owns 10,485 shares of the financial services provider’s stock valued at $1,570,000 after buying an additional 300 shares during the last quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Capital One Financial in the third quarter valued at $217,000. Private Advisor Group LLC boosted its stake in shares of Capital One Financial by 10.4% during the third quarter. Private Advisor Group LLC now owns 8,601 shares of the financial services provider’s stock valued at $1,288,000 after acquiring an additional 808 shares during the last quarter. FSC Wealth Advisors LLC purchased a new stake in Capital One Financial during the 3rd quarter worth about $72,000. Finally, Eastern Bank acquired a new position in Capital One Financial in the 3rd quarter valued at about $44,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Capital One Financial

In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the transaction, the chief executive officer now owns 40,934 shares in the company, valued at $5,438,491.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Frank G. LapradeIii sold 15,751 shares of the business’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the sale, the insider now owns 44,711 shares of the company’s stock, valued at approximately $7,153,760. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kevin S. Borgmann sold 61,532 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the completion of the sale, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Capital One Financial Trading Down 1.1 %

NYSE:COF opened at $154.23 on Thursday. The business’s 50-day moving average is $147.07 and its two-hundred day moving average is $142.68. The firm has a market capitalization of $58.64 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 1.22 and a beta of 1.44. Capital One Financial Co. has a 12 month low of $88.23 and a 12 month high of $160.45. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.00 and a quick ratio of 1.00.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.14). Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The company had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period last year, the firm posted $3.52 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. Research analysts predict that Capital One Financial Co. will post 12.87 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were paid a $0.60 dividend. The ex-dividend date was Monday, August 12th. This represents a $2.40 annualized dividend and a dividend yield of 1.56%. Capital One Financial’s dividend payout ratio (DPR) is presently 18.79%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on COF shares. Citigroup began coverage on shares of Capital One Financial in a report on Friday, September 20th. They set a “buy” rating and a $190.00 price target for the company. Barclays boosted their price target on Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Bank of America raised their price objective on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $150.00 target price on shares of Capital One Financial in a research note on Thursday, July 25th. Finally, JPMorgan Chase & Co. raised their price target on Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Twelve analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Capital One Financial currently has an average rating of “Hold” and an average target price of $151.56.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of 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.