Dana Investment Advisors Inc. Cuts Stock Position in Capital One Financial Co. (NYSE:COF)

Dana Investment Advisors Inc. lowered its position in shares of Capital One Financial Co. (NYSE:COF) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,162 shares of the financial services provider’s stock after selling 491 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Capital One Financial were worth $2,791,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Silicon Valley Capital Partners acquired a new stake in shares of Capital One Financial in the 1st quarter valued at approximately $25,000. LRI Investments LLC purchased a new stake in shares of Capital One Financial during the 1st quarter worth $25,000. Y.D. More Investments Ltd acquired a new position in shares of Capital One Financial during the 2nd quarter worth $28,000. Hobbs Group Advisors LLC acquired a new position in shares of Capital One Financial during the 2nd quarter worth $29,000. Finally, Bartlett & CO. Wealth Management LLC increased its holdings in shares of Capital One Financial by 726.7% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 248 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 218 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Buying and Selling at Capital One Financial

In other news, insider Robert M. Alexander sold 30,742 shares of the company’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the sale, the insider now directly owns 73,734 shares in the company, valued at approximately $11,060,100. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Capital One Financial news, insider Robert M. Alexander sold 30,742 shares of the business’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the sale, the insider now owns 73,734 shares of the company’s stock, valued at $11,060,100. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total value of $8,175,141.52. Following the completion of the transaction, the chief executive officer now owns 40,934 shares in the company, valued at $5,438,491.24. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $146.51 on Thursday. The company has a market cap of $55.70 billion, a P/E ratio of 11.47, a P/E/G ratio of 1.21 and a beta of 1.44. The business has a fifty day simple moving average of $142.72 and a 200-day simple moving average of $141.46. Capital One Financial Co. has a 52 week low of $88.23 and a 52 week high of $154.18. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81.

Capital One Financial (NYSE:COF) last posted 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). The business had revenue of $9.51 billion during the quarter, compared to analysts’ expectations of $9.57 billion. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $3.52 EPS. Equities research analysts forecast that Capital One Financial Co. will post 12.91 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Monday, August 12th. Capital One Financial’s dividend payout ratio is currently 18.79%.

Analysts Set New Price Targets

Several brokerages have weighed in on COF. Bank of America upped their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Evercore ISI lowered their price target on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a report on Tuesday, June 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $150.00 price objective on shares of Capital One Financial in a report on Thursday, July 25th. Citigroup initiated coverage on Capital One Financial in a report on Friday, September 20th. They issued a “buy” rating and a $190.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Capital One Financial currently has an average rating of “Hold” and a consensus target price of $147.21.

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.