Mackenzie Financial Corp Sells 51,283 Shares of Capital One Financial Co. (NYSE:COF)

Mackenzie Financial Corp reduced its holdings in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 12.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 360,408 shares of the financial services provider's stock after selling 51,283 shares during the period. Mackenzie Financial Corp owned about 0.09% of Capital One Financial worth $64,268,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Forum Financial Management LP increased its stake in shares of Capital One Financial by 8.9% in the fourth quarter. Forum Financial Management LP now owns 5,652 shares of the financial services provider's stock worth $1,008,000 after purchasing an additional 461 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Capital One Financial in the fourth quarter worth $3,539,000. Neo Ivy Capital Management increased its stake in shares of Capital One Financial by 15.9% in the fourth quarter. Neo Ivy Capital Management now owns 1,869 shares of the financial services provider's stock worth $333,000 after purchasing an additional 257 shares in the last quarter. Investment Management Corp VA ADV purchased a new stake in shares of Capital One Financial in the fourth quarter worth $376,000. Finally, Helium Advisors LLC purchased a new stake in shares of Capital One Financial in the fourth quarter worth $205,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Ann F. Hackett sold 1,658 shares of Capital One Financial 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 completion of the transaction, the director now directly owns 56,244 shares of the company's stock, valued at approximately $11,175,682.80. The trade was a 2.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the sale, the insider now owns 20,089 shares of the company's stock, valued at $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 owned by corporate insiders.

Wall Street Analyst Weigh In

COF has been the subject of a number of analyst reports. Wells Fargo & Company increased their price objective on shares of Capital One Financial from $210.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Evercore ISI raised 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. Royal Bank of Canada set a $190.00 target price on shares of Capital One Financial and gave the company a "sector perform" rating in a research note on Monday, April 14th. BTIG Research raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 target price for the company in a research note on Tuesday, March 25th. Finally, Bank of America raised their target price on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $207.60.

Capital One Financial Trading Down 0.5%

Shares of COF stock traded down $0.97 during trading hours on Wednesday, reaching $191.08. 4,355,338 shares of the stock were exchanged, compared to its average volume of 3,462,065. Capital One Financial Co. has a 12-month low of $128.23 and a 12-month high of $210.67. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The company's 50-day moving average price is $178.50 and its 200-day moving average price is $184.59. The firm has a market capitalization of $73.21 billion, a price-to-earnings ratio of 16.49, a price-to-earnings-growth ratio of 1.19 and a beta of 1.13.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $10 billion during the quarter, compared to analysts' expectations of $10.07 billion. As a group, equities analysts anticipate that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Friday, May 23rd will be paid a dividend of $0.60 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.26%. Capital One Financial's dividend payout ratio is presently 20.15%.

Capital One Financial Company 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.