Capital One Financial Corporation (COF) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. lowered its stake in Capital One Financial Corporation (NYSE:COF) by 86.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,111 shares of the financial services provider’s stock after selling 77,369 shares during the quarter. Bessemer Group Inc.’s holdings in Capital One Financial Corporation were worth $1,025,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. South State Corp lifted its holdings in Capital One Financial Corporation by 9.2% in the second quarter. South State Corp now owns 65,457 shares of the financial services provider’s stock worth $5,408,000 after purchasing an additional 5,510 shares during the period. Bank of Nova Scotia lifted its holdings in Capital One Financial Corporation by 70.8% in the second quarter. Bank of Nova Scotia now owns 187,907 shares of the financial services provider’s stock worth $15,525,000 after purchasing an additional 77,861 shares during the period. Sky Investment Group LLC lifted its holdings in Capital One Financial Corporation by 9.4% in the second quarter. Sky Investment Group LLC now owns 3,380 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 290 shares during the period. CNA Financial Corp lifted its holdings in Capital One Financial Corporation by 20.6% in the second quarter. CNA Financial Corp now owns 31,827 shares of the financial services provider’s stock worth $2,630,000 after purchasing an additional 5,427 shares during the period. Finally, Stifel Financial Corp lifted its holdings in Capital One Financial Corporation by 18.5% in the second quarter. Stifel Financial Corp now owns 33,770 shares of the financial services provider’s stock worth $2,790,000 after purchasing an additional 5,264 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

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In other Capital One Financial Corporation news, insider Michael Slocum sold 8,292 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $91.99, for a total transaction of $762,781.08. Following the completion of the sale, the insider now owns 53,613 shares of the company’s stock, valued at $4,931,859.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mayo A. Shattuck III sold 24,167 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $92.71, for a total value of $2,240,522.57. Following the sale, the director now directly owns 59,613 shares of the company’s stock, valued at approximately $5,526,721.23. The disclosure for this sale can be found here. Insiders sold 43,514 shares of company stock worth $4,011,299 in the last 90 days. 1.73% of the stock is currently owned by corporate insiders.

Capital One Financial Corporation (COF) opened at $87.63 on Thursday. Capital One Financial Corporation has a twelve month low of $76.05 and a twelve month high of $96.92. The company has a market capitalization of $41,688.00, a P/E ratio of 11.35, a P/E/G ratio of 1.29 and a beta of 1.30. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 1.17.

Capital One Financial Corporation (NYSE:COF) last released its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.27. Capital One Financial Corporation had a return on equity of 8.25% and a net margin of 13.34%. The firm had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.81 billion. During the same quarter in the prior year, the company posted $2.03 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. analysts expect that Capital One Financial Corporation will post 7.94 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Monday, November 13th will be issued a $0.40 dividend. The ex-dividend date is Friday, November 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.83%. Capital One Financial Corporation’s dividend payout ratio is currently 22.63%.

A number of brokerages have weighed in on COF. Zacks Investment Research downgraded shares of Capital One Financial Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Piper Jaffray Companies reissued a “sell” rating and issued a $81.00 price target on shares of Capital One Financial Corporation in a report on Friday, October 27th. BMO Capital Markets upped their price target on shares of Capital One Financial Corporation from $116.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Bank of America Corporation upped their price target on shares of Capital One Financial Corporation from $89.00 to $91.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Finally, Wells Fargo & Company upped their price target on shares of Capital One Financial Corporation from $96.00 to $98.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $95.52.

Capital One Financial Corporation Company Profile

Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.

Institutional Ownership by Quarter for Capital One Financial Corporation (NYSE:COF)

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