CCM Investment Advisers LLC Sells 5,340 Shares of Capital One Financial Co. (NYSE:COF)

CCM Investment Advisers LLC lowered its holdings in Capital One Financial Co. (NYSE:COF - Free Report) by 6.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,008 shares of the financial services provider's stock after selling 5,340 shares during the period. CCM Investment Advisers LLC's holdings in Capital One Financial were worth $13,090,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC grew its stake in shares of Capital One Financial by 330.1% in the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock worth $2,423,000 after purchasing an additional 10,428 shares in the last quarter. Empowered Funds LLC boosted its stake in Capital One Financial by 91.2% during the fourth quarter. Empowered Funds LLC now owns 17,589 shares of the financial services provider's stock valued at $3,136,000 after buying an additional 8,392 shares in the last quarter. Savant Capital LLC grew its stake in shares of Capital One Financial by 10.9% in the 4th quarter. Savant Capital LLC now owns 8,768 shares of the financial services provider's stock worth $1,564,000 after purchasing an additional 860 shares during the last quarter. TFB Advisors LLC increased its holdings in shares of Capital One Financial by 4.1% in the fourth quarter. TFB Advisors LLC now owns 1,488 shares of the financial services provider's stock valued at $265,000 after buying an additional 59 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC lifted its holdings in shares of Capital One Financial by 3.3% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 1,777 shares of the financial services provider's stock valued at $317,000 after purchasing an additional 56 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

COF traded up $4.80 during midday trading on Monday, reaching $197.63. The company's stock had a trading volume of 3,080,199 shares, compared to its average volume of 4,689,020. Capital One Financial Co. has a twelve month low of $128.23 and a twelve month high of $210.67. The company has a fifty day simple moving average of $184.50 and a 200 day simple moving average of $185.32. The stock has a market cap of $75.72 billion, a P/E ratio of 17.05, a PEG ratio of 1.19 and a beta of 1.13. 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 (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.07 billion. Research analysts expect that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, May 23rd. Capital One Financial's payout ratio is presently 20.15%.

Analyst Ratings Changes

COF has been the subject of a number of research analyst reports. Royal Bank of Canada set a $190.00 target price on shares of Capital One Financial and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Truist Financial raised their price target on Capital One Financial from $215.00 to $225.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Wells Fargo & Company boosted their price target on Capital One Financial from $210.00 to $225.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. BTIG Research raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price objective on the stock in a research report on Tuesday, March 25th. Finally, Evercore ISI upgraded shares of Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 target price for the company in a research note on Wednesday, March 12th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $210.64.

Insider Activity

In other Capital One Financial news, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the transaction, the director now directly owns 56,244 shares in the company, valued at $11,175,682.80. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Zamsky sold 9,560 shares of the company'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 approximately $4,005,746.60. The trade was a 32.24% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

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.