FORVIS Wealth Advisors LLC Reduces Stock Holdings in Capital One Financial Co. (NYSE:COF)

FORVIS Wealth Advisors LLC trimmed its position in Capital One Financial Co. (NYSE:COF) by 7.5% during the 1st quarter, HoldingsChannel reports. The firm owned 22,763 shares of the financial services provider’s stock after selling 1,854 shares during the period. FORVIS Wealth Advisors LLC’s holdings in Capital One Financial were worth $3,389,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Householder Group Estate & Retirement Specialist LLC boosted its position in Capital One Financial by 1,658.3% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 211 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 199 shares during the last quarter. Rise Advisors LLC purchased a new position in Capital One Financial in the first quarter worth about $33,000. Bartlett & Co. LLC boosted its position in Capital One Financial by 726.7% in the fourth quarter. Bartlett & Co. LLC now owns 248 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 218 shares during the last quarter. Bartlett & CO. Wealth Management LLC raised its stake in shares of Capital One Financial by 726.7% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 248 shares of the financial services provider’s stock worth $33,000 after buying an additional 218 shares during the period. Finally, Sound Income Strategies LLC raised its stake in shares of Capital One Financial by 109.4% in the fourth quarter. Sound Income Strategies LLC now owns 266 shares of the financial services provider’s stock worth $35,000 after buying an additional 139 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Trading Down 0.5 %

Shares of Capital One Financial stock traded down $0.67 on Friday, reaching $137.75. The company had a trading volume of 64,829 shares, compared to its average volume of 2,500,470. The firm has a market cap of $52.37 billion, a price-to-earnings ratio of 10.84, a P/E/G ratio of 1.09 and a beta of 1.45. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.01 and a quick ratio of 1.00. The firm’s 50-day moving average price is $139.15 and its two-hundred day moving average price is $137.35. Capital One Financial Co. has a 1 year low of $88.23 and a 1 year high of $149.94.

Capital One Financial (NYSE:COF) last announced its earnings results on Thursday, April 25th. The financial services provider reported $3.21 EPS for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.04). The company had revenue of $9.40 billion during the quarter, compared to analysts’ expectations of $9.35 billion. Capital One Financial had a return on equity of 9.74% and a net margin of 10.19%. Capital One Financial’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.31 EPS. As a group, research analysts predict that Capital One Financial Co. will post 13.31 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 13th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Friday, May 10th. Capital One Financial’s payout ratio is currently 18.79%.

Analyst Ratings Changes

Several research firms have recently commented on COF. Jefferies Financial Group raised Capital One Financial from a “hold” rating to a “buy” rating and raised their price objective for the stock from $145.00 to $165.00 in a research note on Thursday, June 6th. Wolfe Research raised Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price objective on the stock in a research note on Thursday, April 4th. Evercore ISI decreased their price objective on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research note on Tuesday, June 25th. BTIG Research began coverage on Capital One Financial in a research note on Friday, June 7th. They issued a “neutral” rating on the stock. Finally, Wells Fargo & Company raised their price objective on Capital One Financial from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $141.20.

Insider Activity at Capital One Financial

In related news, insider Celia Karam sold 16,913 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $142.88, for a total transaction of $2,416,529.44. Following the completion of the transaction, the insider now owns 47,081 shares in the company, valued at approximately $6,726,933.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Capital One Financial news, insider Timothy P. Golden sold 8,656 shares of Capital One Financial stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the completion of the sale, the insider now directly owns 10,246 shares of the company’s stock, valued at approximately $1,475,833.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Celia Karam sold 16,913 shares of Capital One Financial stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $142.88, for a total value of $2,416,529.44. Following the sale, the insider now directly owns 47,081 shares of the company’s stock, valued at $6,726,933.28. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

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.