Montecito Bank & Trust Sells 96 Shares of Capital One Financial Co. (NYSE:COF)

Montecito Bank & Trust reduced its stake in Capital One Financial Co. (NYSE:COF) by 3.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,601 shares of the financial services provider’s stock after selling 96 shares during the period. Montecito Bank & Trust’s holdings in Capital One Financial were worth $389,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Prossimo Advisors LLC boosted its holdings in shares of Capital One Financial by 2.4% in the third quarter. Prossimo Advisors LLC now owns 2,735 shares of the financial services provider’s stock worth $410,000 after acquiring an additional 65 shares during the period. Arkadios Wealth Advisors boosted its stake in Capital One Financial by 3.9% during the third quarter. Arkadios Wealth Advisors now owns 1,780 shares of the financial services provider’s stock valued at $266,000 after buying an additional 66 shares during the period. Bangor Savings Bank boosted its stake in Capital One Financial by 20.8% during the third quarter. Bangor Savings Bank now owns 448 shares of the financial services provider’s stock valued at $67,000 after buying an additional 77 shares during the period. Grove Bank & Trust boosted its stake in Capital One Financial by 9.3% during the third quarter. Grove Bank & Trust now owns 909 shares of the financial services provider’s stock valued at $136,000 after buying an additional 77 shares during the period. Finally, Bruce G. Allen Investments LLC boosted its stake in Capital One Financial by 12.5% during the third quarter. Bruce G. Allen Investments LLC now owns 700 shares of the financial services provider’s stock valued at $105,000 after buying an additional 78 shares during the period. 89.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

COF has been the subject of several research analyst reports. Citigroup initiated coverage on Capital One Financial in a research note on Friday, September 20th. They set a “buy” rating and a $190.00 price objective for the company. Evercore ISI lifted their price objective on Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Robert W. Baird lifted their price target on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Royal Bank of Canada lifted their price target on Capital One Financial from $150.00 to $160.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Finally, Barclays lifted their price target on Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Capital One Financial presently has a consensus rating of “Hold” and a consensus price target of $156.35.

Insiders Place Their Bets

In other Capital One Financial news, insider Mark Daniel Mouadeb sold 1,994 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total transaction of $323,765.78. Following the transaction, the insider now owns 19,776 shares in the company, valued at approximately $3,211,029.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Mark Daniel Mouadeb sold 1,994 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total value of $323,765.78. Following the sale, the insider now directly owns 19,776 shares of the company’s stock, valued at $3,211,029.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Frank G. LapradeIii sold 15,751 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the sale, the insider now directly owns 44,711 shares in the company, valued at approximately $7,153,760. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Capital One Financial Stock Down 3.2 %

Shares of NYSE:COF opened at $184.81 on Friday. Capital One Financial Co. has a 1 year low of $102.63 and a 1 year high of $198.30. The company has a market cap of $70.51 billion, a PE ratio of 17.45, a P/E/G ratio of 1.22 and a beta of 1.43. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00. The stock’s 50-day moving average is $151.92 and its 200 day moving average is $144.43.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.81. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.88 billion. During the same quarter in the previous year, the business earned $4.45 EPS. Capital One Financial’s revenue was up 6.8% compared to the same quarter last year. Sell-side analysts anticipate that Capital One Financial Co. will post 13.17 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.30%. Capital One Financial’s dividend payout ratio (DPR) is 22.66%.

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.