Capital One Financial Corporation $COF Stake Lowered by Commonwealth Equity Services LLC

Key Points

• Commonwealth Equity Services reduced its Capital One stake by 5.0% in the third quarter, selling 9,534 shares and retaining 180,055 shares valued at about $34.8 million.
• Capital One reported quarterly EPS of $6.69, above the $5.53 consensus, while revenue of $16.31 billion slightly exceeded estimates and rose 6.4% year over year.
• Analysts overall rate the stock a “Moderate Buy”, with a consensus price target of $256.50; the company also announced a quarterly dividend of $0.80 per share.

Commonwealth Equity Services LLC lowered its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 5.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 180,055 shares of the financial services provider's stock after selling 9,534 shares during the period. Commonwealth Equity Services LLC's holdings in Capital One Financial were worth $34,763,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. State Street Corp raised its position in shares of Capital One Financial by 107.9% in the 2nd quarter. State Street Corp now owns 57,278,732 shares of the financial services provider's stock valued at $11,491,259,000 after purchasing an additional 29,724,829 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of Capital One Financial during the second quarter worth approximately $1,435,311,000. Legal & General Group Plc bought a new stake in shares of Capital One Financial in the second quarter worth $680,983,000. Berkshire Hathaway Inc bought a new position in Capital One Financial during the 2nd quarter valued at $601,860,000. Finally, Canada Pension Plan Investment Board acquired a new position in Capital One Financial during the 2nd quarter worth $482,718,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Stock Performance

Shares of COF stock opened at $202.03 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.45. The business has a 50 day moving average of $203.60 and a two-hundred day moving average of $200.92. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The company has a market cap of $121.53 billion, a P/E ratio of 11.93, a PEG ratio of 0.92 and a beta of 1.10.

Capital One Financial (NYSE:COF - Get Free Report) last posted its earnings results on Tuesday, October 20th. The financial services provider reported $6.69 EPS for the quarter, beating the consensus estimate of $5.53 by $1.16. The company had revenue of $16.31 billion during the quarter, compared to analyst estimates of $16.25 billion. Capital One Financial had a return on equity of 11.64% and a net margin of 13.70%. The business's revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $5.95 earnings per share. As a group, analysts anticipate that Capital One Financial Corporation will post 21.53 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, November 16th. Capital One Financial's dividend payout ratio is presently 18.89%.

Insider Buying and Selling

In other Capital One Financial news, insider Lia Dean sold 2,193 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $225.52, for a total value of $494,565.36. Following the sale, the insider directly owned 63,261 shares of the company's stock, valued at $14,266,620.72. This trade represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew Cooper sold 3,500 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $214.10, for a total value of $749,350.00. Following the completion of the sale, the general counsel directly owned 83,194 shares in the company, valued at $17,811,835.40. This represents a 4.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 200,464 shares of company stock valued at $40,942,597 in the last 90 days. Corporate insiders own 0.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on COF shares. Weiss Ratings upgraded shares of Capital One Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday. UBS Group decreased their price target on Capital One Financial from $280.00 to $274.00 and set a "buy" rating for the company in a research note on Monday, November 2nd. BMO Capital Markets boosted their price objective on Capital One Financial from $219.00 to $225.00 and gave the company a "market perform" rating in a report on Wednesday, October 21st. Evercore reissued an "outperform" rating and issued a $230.00 price objective on shares of Capital One Financial in a report on Tuesday, October 27th. Finally, Wolfe Research upped their price objective on Capital One Financial from $255.00 to $275.00 and gave the company an "outperform" rating in a research note on Tuesday, August 25th. Twenty investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $256.50.

About Capital One Financial

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