Boston Private Wealth LLC Decreases Stock Position in Capital One Financial Corp. (NYSE:COF)

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Boston Private Wealth LLC lessened its position in Capital One Financial Corp. (NYSE:COF) by 13.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 8,843 shares of the financial services provider’s stock after selling 1,381 shares during the quarter. Boston Private Wealth LLC’s holdings in Capital One Financial were worth $805,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mackay Shields LLC lifted its position in Capital One Financial by 145.0% during the third quarter. Mackay Shields LLC now owns 238,887 shares of the financial services provider’s stock worth $21,733,000 after buying an additional 141,366 shares in the last quarter. IFM Investors Pty Ltd increased its stake in Capital One Financial by 51.3% during the third quarter. IFM Investors Pty Ltd now owns 50,916 shares of the financial services provider’s stock worth $4,632,000 after acquiring an additional 17,260 shares during the last quarter. Verity Asset Management Inc. increased its stake in Capital One Financial by 8.3% during the third quarter. Verity Asset Management Inc. now owns 6,886 shares of the financial services provider’s stock worth $626,000 after acquiring an additional 528 shares during the last quarter. Sandy Spring Bank increased its stake in Capital One Financial by 1,049.4% during the third quarter. Sandy Spring Bank now owns 31,517 shares of the financial services provider’s stock worth $2,868,000 after acquiring an additional 28,775 shares during the last quarter. Finally, Timber Creek Capital Management LLC increased its stake in Capital One Financial by 0.4% during the third quarter. Timber Creek Capital Management LLC now owns 51,370 shares of the financial services provider’s stock worth $4,673,000 after acquiring an additional 230 shares during the last quarter. Institutional investors and hedge funds own 88.85% of the company’s stock.

In other news, insider Timothy P. Golden sold 2,216 shares of Capital One Financial stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $94.50, for a total value of $209,412.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bradford H. Warner sold 3,777 shares of Capital One Financial stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $91.68, for a total value of $346,275.36. Following the completion of the sale, the director now directly owns 43,207 shares of the company’s stock, valued at $3,961,217.76. The disclosure for this sale can be found here. Insiders own 1.43% of the company’s stock.

COF has been the subject of several recent analyst reports. Piper Jaffray Companies cut their target price on Capital One Financial from $111.00 to $107.00 and set an “overweight” rating for the company in a research note on Wednesday, September 11th. Morgan Stanley reissued a “hold” rating and set a $104.00 target price on shares of Capital One Financial in a research note on Tuesday, October 29th. Citigroup cut their target price on Capital One Financial from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Zacks Investment Research cut Capital One Financial from a “buy” rating to a “hold” rating and set a $101.00 target price for the company. in a research note on Wednesday, October 30th. Finally, BMO Capital Markets raised their target price on Capital One Financial from $141.00 to $153.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $104.87.

Shares of NYSE COF opened at $97.26 on Friday. Capital One Financial Corp. has a twelve month low of $69.90 and a twelve month high of $99.62. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.85. The stock has a fifty day simple moving average of $91.41 and a 200-day simple moving average of $90.35. The stock has a market capitalization of $45.31 billion, a PE ratio of 8.94, a PEG ratio of 1.18 and a beta of 1.27.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $3.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.87 by $0.45. Capital One Financial had a return on equity of 10.40% and a net margin of 16.84%. The business had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $7.19 billion. During the same period in the previous year, the firm posted $3.12 earnings per share. The company’s revenue was up .0% on a year-over-year basis. On average, equities analysts predict that Capital One Financial Corp. will post 11.88 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, November 12th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.65%. Capital One Financial’s payout ratio is presently 14.71%.

About Capital One Financial

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corp. (NYSE:COF).

Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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