Rockefeller Capital Management L.P. Sells 73,629 Shares of Capital One Financial Co. (NYSE:COF)

Rockefeller Capital Management L.P. lessened its holdings in Capital One Financial Co. (NYSE:COF) by 41.1% during the 3rd quarter, Holdings Channel reports. The firm owned 105,676 shares of the financial services provider’s stock after selling 73,629 shares during the period. Rockefeller Capital Management L.P.’s holdings in Capital One Financial were worth $15,823,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Prossimo Advisors LLC boosted its stake in Capital One Financial by 2.4% during the 3rd quarter. Prossimo Advisors LLC now owns 2,735 shares of the financial services provider’s stock worth $410,000 after acquiring an additional 65 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in Capital One Financial by 3.9% during the 3rd quarter. Arkadios Wealth Advisors now owns 1,780 shares of the financial services provider’s stock worth $266,000 after acquiring an additional 66 shares during the last quarter. Baldwin Investment Management LLC boosted its stake in Capital One Financial by 0.6% during the 3rd quarter. Baldwin Investment Management LLC now owns 12,215 shares of the financial services provider’s stock worth $1,829,000 after acquiring an additional 70 shares during the last quarter. Harbour Investments Inc. boosted its stake in Capital One Financial by 0.7% during the 3rd quarter. Harbour Investments Inc. now owns 9,579 shares of the financial services provider’s stock worth $1,434,000 after acquiring an additional 71 shares during the last quarter. Finally, Arvest Investments Inc. boosted its stake in Capital One Financial by 1.2% during the 3rd quarter. Arvest Investments Inc. now owns 6,513 shares of the financial services provider’s stock worth $975,000 after acquiring an additional 75 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

NYSE COF opened at $192.01 on Monday. Capital One Financial Co. has a 12-month low of $110.18 and a 12-month high of $198.30. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78. The firm’s 50 day moving average is $166.58 and its 200-day moving average is $149.52. The company has a market capitalization of $73.25 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 1.40 and a beta of 1.43.

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

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were paid 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 is presently 22.66%.

Insider Activity at Capital One Financial

In related news, insider Michael Zamsky sold 10,541 shares of the firm’s stock in a transaction on 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 directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kara West sold 721 shares of Capital One Financial stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $184.73, for a total transaction of $133,190.33. Following the transaction, the insider now directly owns 12,929 shares of the company’s stock, valued at approximately $2,388,374.17. This trade represents 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 sold 29,007 shares of company stock valued at $4,982,647. 1.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. The Goldman Sachs Group lifted their price objective on shares of Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Robert W. Baird lifted their price objective on shares of Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Evercore ISI raised their target price on shares of Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on shares of Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. Finally, Citigroup assumed coverage on shares of Capital One Financial in a report on Friday, September 20th. They set a “buy” rating and a $190.00 target price on the stock. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Capital One Financial presently has an average rating of “Hold” and a consensus target price of $160.18.

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.