Ironwood Investment Counsel LLC Sells 168 Shares of Capital One Financial Co. (NYSE:COF)

Ironwood Investment Counsel LLC cut its holdings in Capital One Financial Co. (NYSE:COF) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,925 shares of the financial services provider’s stock after selling 168 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in Capital One Financial were worth $1,037,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. LRI Investments LLC purchased a new stake in shares of Capital One Financial during the first quarter valued at $25,000. Y.D. More Investments Ltd purchased a new stake in shares of Capital One Financial during the 2nd quarter valued at about $28,000. Hobbs Group Advisors LLC bought a new stake in shares of Capital One Financial in the second quarter worth approximately $29,000. Unique Wealth Strategies LLC purchased a new position in shares of Capital One Financial during the second quarter valued at approximately $36,000. Finally, Catalyst Capital Advisors LLC bought a new position in Capital One Financial during the third quarter valued at approximately $36,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Michael Zamsky sold 10,541 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total value of $2,005,530.66. Following the completion of the transaction, the insider now owns 26,482 shares of the company’s stock, valued at approximately $5,038,465.32. This trade represents a 28.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kara West sold 721 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $184.73, for a total value of $133,190.33. Following the sale, the insider now directly owns 12,929 shares in the company, valued at $2,388,374.17. The trade was a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,007 shares of company stock worth $4,982,647. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

COF has been the subject of a number of research reports. Barclays boosted their target price on shares of Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Citigroup started coverage on Capital One Financial in a research report on Friday, September 20th. They set a “buy” rating and a $190.00 price objective for the company. Robert W. Baird raised their target price on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Evercore ISI upped their price target on shares of Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group raised their price objective on shares of Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Capital One Financial currently has an average rating of “Hold” and an average price target of $160.18.

Capital One Financial Stock Performance

NYSE COF opened at $192.07 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78. Capital One Financial Co. has a twelve month low of $110.18 and a twelve month high of $198.30. The business has a 50-day moving average price of $166.58 and a 200-day moving average price of $149.44. The firm has a market cap of $73.28 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.81. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The company’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $4.45 EPS. As a group, equities research analysts predict that Capital One Financial Co. will post 13.54 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were issued a $0.60 dividend. The ex-dividend date was Thursday, November 14th. This represents a $2.40 annualized dividend and a dividend yield of 1.25%. Capital One Financial’s dividend payout ratio (DPR) is 22.66%.

Capital One Financial Profile

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.