Northwest & Ethical Investments L.P. Decreases Position in Capital One Financial Corporation $COF

Northwest & Ethical Investments L.P. decreased its holdings in Capital One Financial Corporation (NYSE:COF) by 1.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,630 shares of the financial services provider’s stock after selling 289 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Capital One Financial were worth $5,658,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Earned Wealth Advisors LLC acquired a new stake in Capital One Financial during the 2nd quarter worth about $254,000. Plancorp LLC acquired a new position in shares of Capital One Financial in the second quarter valued at about $272,000. Smith Chas P & Associates PA Cpas raised its stake in shares of Capital One Financial by 1,490.0% in the second quarter. Smith Chas P & Associates PA Cpas now owns 43,486 shares of the financial services provider’s stock worth $9,252,000 after purchasing an additional 40,751 shares during the last quarter. Callodine Capital Management LP lifted its holdings in shares of Capital One Financial by 200.0% during the first quarter. Callodine Capital Management LP now owns 150,000 shares of the financial services provider’s stock worth $26,895,000 after purchasing an additional 100,000 shares during the period. Finally, Flagship Harbor Advisors LLC boosted its position in Capital One Financial by 111.8% in the second quarter. Flagship Harbor Advisors LLC now owns 2,510 shares of the financial services provider’s stock valued at $534,000 after buying an additional 1,325 shares during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Richard D. Fairbank sold 103,487 shares of Capital One Financial stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $220.68, for a total value of $22,837,511.16. Following the sale, the chief executive officer owned 4,001,228 shares of the company’s stock, valued at approximately $882,990,995.04. This trade represents a 2.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Neal Blinde sold 43,200 shares of Capital One Financial stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $221.83, for a total transaction of $9,583,056.00. Following the completion of the sale, the insider directly owned 73,020 shares in the company, valued at $16,198,026.60. This represents a 37.17% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 274,013 shares of company stock worth $61,045,903. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Trading Up 1.5%

Shares of Capital One Financial stock opened at $217.60 on Thursday. The firm has a 50-day simple moving average of $216.00 and a two-hundred day simple moving average of $212.14. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The company has a market cap of $138.33 billion, a P/E ratio of 91.81, a price-to-earnings-growth ratio of 0.70 and a beta of 1.19.

Capital One Financial (NYSE:COF) last posted its earnings results on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. The firm had revenue of $15.46 billion for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%. As a group, equities analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, November 17th. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s dividend payout ratio is currently 135.02%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on COF. Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a report on Friday, August 1st. They issued a “buy” rating and a $290.00 price target on the stock. UBS Group cut their price objective on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. HSBC raised their target price on shares of Capital One Financial from $218.00 to $234.00 and gave the stock a “hold” rating in a report on Thursday, October 23rd. Morgan Stanley upped their price target on shares of Capital One Financial from $267.00 to $272.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Finally, Wolfe Research lifted their price objective on Capital One Financial from $260.00 to $262.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $261.63.

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.