Focus Partners Wealth Sells 6,749 Shares of Capital One Financial Co. (NYSE:COF)

Focus Partners Wealth lessened its holdings in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 23.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,575 shares of the financial services provider's stock after selling 6,749 shares during the period. Focus Partners Wealth's holdings in Capital One Financial were worth $4,053,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of COF. Vanguard Group Inc. lifted its stake in shares of Capital One Financial by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 31,744,818 shares of the financial services provider's stock worth $5,660,736,000 after acquiring an additional 234,863 shares during the period. Franklin Resources Inc. increased its stake in Capital One Financial by 3.2% in the 4th quarter. Franklin Resources Inc. now owns 10,718,860 shares of the financial services provider's stock valued at $1,911,387,000 after buying an additional 331,595 shares during the period. Geode Capital Management LLC increased its stake in Capital One Financial by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider's stock valued at $1,467,393,000 after buying an additional 207,427 shares during the period. FMR LLC increased its stake in Capital One Financial by 21.6% in the 4th quarter. FMR LLC now owns 8,077,886 shares of the financial services provider's stock valued at $1,440,449,000 after buying an additional 1,436,935 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Capital One Financial by 21.8% during the 4th quarter. Northern Trust Corp now owns 4,433,401 shares of the financial services provider's stock worth $790,564,000 after purchasing an additional 793,765 shares during the last quarter. Institutional investors own 89.84% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on COF. Barclays raised their target price on shares of Capital One Financial from $219.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Bank of America raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $207.00 to $235.00 in a report on Wednesday, February 19th. Wells Fargo & Company lifted their price target on shares of Capital One Financial from $210.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Robert W. Baird upgraded shares of Capital One Financial from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $190.00 to $200.00 in a research report on Tuesday, March 11th. Finally, BTIG Research upgraded shares of Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price objective for the company in a research report on Tuesday, March 25th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Capital One Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $207.73.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction that occurred on 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 sale, the director now owns 56,244 shares of the company's stock, valued at approximately $11,175,682.80. This represents a 2.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael Zamsky sold 9,560 shares of the stock in a transaction that occurred on 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 directly owns 20,089 shares of the company's stock, valued at $4,005,746.60. This represents a 32.24% 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 Trading Up 0.0%

Shares of Capital One Financial stock traded up $0.04 on Friday, hitting $197.54. The stock had a trading volume of 18,221,797 shares, compared to its average volume of 3,359,688. The stock has a 50 day moving average of $175.69 and a 200 day moving average of $183.79. Capital One Financial Co. has a twelve month low of $128.23 and a twelve month high of $210.67. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $75.68 billion, a P/E ratio of 17.04, a PEG ratio of 1.19 and a beta of 1.13.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.07 billion. Sell-side analysts expect that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Friday, May 23rd. 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.