Avantax Advisory Services Inc. Sells 89 Shares of Capital One Financial Co. (NYSE:COF)

Avantax Advisory Services Inc. reduced its holdings in Capital One Financial Co. (NYSE:COF) by 0.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,333 shares of the financial services provider’s stock after selling 89 shares during the period. Avantax Advisory Services Inc.’s holdings in Capital One Financial were worth $2,878,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Capital One Financial by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 30,666,688 shares of the financial services provider’s stock valued at $4,021,016,000 after purchasing an additional 131,400 shares during the period. Capital World Investors increased its position in shares of Capital One Financial by 2.1% during the fourth quarter. Capital World Investors now owns 14,991,564 shares of the financial services provider’s stock valued at $1,965,761,000 after purchasing an additional 311,696 shares during the period. Capital Research Global Investors increased its position in shares of Capital One Financial by 16.7% during the fourth quarter. Capital Research Global Investors now owns 12,227,848 shares of the financial services provider’s stock valued at $1,603,316,000 after purchasing an additional 1,745,545 shares during the period. Pzena Investment Management LLC increased its position in shares of Capital One Financial by 1.6% during the fourth quarter. Pzena Investment Management LLC now owns 7,751,043 shares of the financial services provider’s stock valued at $1,016,317,000 after purchasing an additional 124,055 shares during the period. Finally, Norges Bank bought a new stake in shares of Capital One Financial during the fourth quarter valued at approximately $409,831,000. 89.84% of the stock is owned by institutional investors.

Capital One Financial Trading Up 0.1 %

Shares of COF traded up $0.17 during trading hours on Wednesday, hitting $149.73. 1,614,949 shares of the stock traded hands, compared to its average volume of 2,507,638. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.86. Capital One Financial Co. has a 1-year low of $88.23 and a 1-year high of $151.34. The firm has a market capitalization of $56.93 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 1.14 and a beta of 1.45. The business has a fifty day moving average of $138.55 and a 200-day moving average of $137.98.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.25 by ($0.04). The firm had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.35 billion. Capital One Financial had a net margin of 10.19% and a return on equity of 9.74%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company earned $2.31 EPS. Analysts expect that Capital One Financial Co. will post 13.4 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 13th were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $2.40 dividend on an annualized basis and a yield of 1.60%. Capital One Financial’s dividend payout ratio is presently 18.79%.

Analyst Ratings Changes

COF has been the topic of a number of research reports. Evercore ISI lowered their price objective on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research report on Tuesday, June 25th. JPMorgan Chase & Co. boosted their price target on Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday, July 8th. Jefferies Financial Group raised Capital One Financial from a “hold” rating to a “buy” rating and boosted their price target for the company from $145.00 to $165.00 in a research note on Thursday, June 6th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $159.00 price target on shares of Capital One Financial in a research note on Wednesday, March 27th. Finally, BTIG Research began coverage on Capital One Financial in a research note on Friday, June 7th. They issued a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $141.35.

Insider Activity at Capital One Financial

In related news, insider Celia Karam sold 16,913 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $142.88, for a total value of $2,416,529.44. Following the completion of the sale, the insider now owns 47,081 shares in the company, valued at $6,726,933.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Capital One Financial news, insider Celia Karam sold 16,913 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $142.88, for a total value of $2,416,529.44. Following the completion of the sale, the insider now directly owns 47,081 shares in the company, valued at $6,726,933.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Timothy P. Golden sold 8,656 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $144.04, for a total value of $1,246,810.24. Following the completion of the sale, the insider now owns 10,246 shares of the company’s stock, valued at $1,475,833.84. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate 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.