Alpha Omega Wealth Management LLC Sells 3,926 Shares of Capital One Financial Co. (NYSE:COF)

Alpha Omega Wealth Management LLC reduced its stake in Capital One Financial Co. (NYSE:COF - Free Report) by 7.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,551 shares of the financial services provider's stock after selling 3,926 shares during the period. Capital One Financial comprises 1.6% of Alpha Omega Wealth Management LLC's investment portfolio, making the stock its 13th largest position. Alpha Omega Wealth Management LLC's holdings in Capital One Financial were worth $8,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Capital One Financial in the fourth quarter worth $590,279,000. Lone Pine Capital LLC bought a new stake in Capital One Financial in the 4th quarter worth $577,012,000. Egerton Capital UK LLP purchased a new position in shares of Capital One Financial in the fourth quarter valued at about $279,159,000. FMR LLC raised its stake in shares of Capital One Financial by 21.6% during the fourth quarter. FMR LLC now owns 8,077,886 shares of the financial services provider's stock valued at $1,440,449,000 after acquiring an additional 1,436,935 shares during the last quarter. Finally, Meritage Group LP purchased a new stake in shares of Capital One Financial during the fourth quarter worth about $227,662,000. Institutional investors own 89.84% of the company's stock.

Capital One Financial Stock Down 1.5%

COF stock traded down $3.05 during midday trading on Thursday, hitting $197.48. The company's stock had a trading volume of 2,539,369 shares, compared to its average volume of 3,529,952. The firm's 50-day moving average is $183.69 and its 200-day moving average is $185.40. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. Capital One Financial Co. has a 12 month low of $128.23 and a 12 month high of $210.67. The company has a market cap of $75.66 billion, a PE ratio of 17.04, a P/E/G ratio of 1.19 and a beta of 1.13.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.75 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.07 billion. On average, equities research analysts forecast that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.22%. The ex-dividend date was Friday, May 23rd. Capital One Financial's dividend payout ratio is currently 20.15%.

Analyst Ratings Changes

Several equities research analysts have weighed in on COF shares. Evercore ISI upgraded Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 price objective for the company in a report on Wednesday, March 12th. BTIG Research raised Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price target for the company in a research note on Tuesday, March 25th. Robert W. Baird upgraded shares of Capital One Financial from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $190.00 to $200.00 in a report on Tuesday, March 11th. Bank of America raised their target price on shares of Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Finally, Baird R W upgraded shares of Capital One Financial from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Capital One Financial has an average rating of "Moderate Buy" and an average price target of $210.64.

Insider Activity

In other Capital One Financial news, insider Michael Zamsky sold 9,560 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the completion of the sale, the insider now directly owns 20,089 shares in the company, valued at $4,005,746.60. The trade was a 32.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ann F. Hackett sold 1,658 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $198.70, for a total transaction of $329,444.60. Following the sale, the director now directly owns 56,244 shares of the company's stock, valued at $11,175,682.80. The trade was a 2.86% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.

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.