Chevy Chase Trust Holdings LLC Sells 3,797 Shares of Capital One Financial Co. (NYSE:COF)

Chevy Chase Trust Holdings LLC decreased its position in shares of Capital One Financial Co. (NYSE:COF) by 1.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 207,319 shares of the financial services provider’s stock after selling 3,797 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Capital One Financial were worth $31,042,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its stake in shares of Capital One Financial by 21.4% during the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock valued at $994,350,000 after acquiring an additional 1,169,395 shares during the period. Eminence Capital LP acquired a new position in Capital One Financial during the 2nd quarter valued at about $127,465,000. Southpoint Capital Advisors LP bought a new position in shares of Capital One Financial in the 3rd quarter valued at about $104,811,000. International Assets Investment Management LLC grew its position in shares of Capital One Financial by 123.4% during the 2nd quarter. International Assets Investment Management LLC now owns 772,961 shares of the financial services provider’s stock worth $107,016,000 after buying an additional 427,000 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of Capital One Financial by 1,518.0% during the third quarter. Assenagon Asset Management S.A. now owns 412,355 shares of the financial services provider’s stock worth $61,742,000 after buying an additional 386,870 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Stock Down 2.3 %

Capital One Financial stock opened at $187.52 on Tuesday. Capital One Financial Co. has a twelve month low of $112.64 and a twelve month high of $198.30. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average of $166.58 and a 200-day moving average of $149.52. The stock has a market capitalization of $71.54 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 1.40 and a beta of 1.43.

Capital One Financial (NYSE:COFGet Free Report) last announced its earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.81. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $9.88 billion. During the same period in the prior year, the business earned $4.45 EPS. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, equities research analysts anticipate that Capital One Financial Co. will post 13.54 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were issued a dividend of $0.60 per share. The ex-dividend date was Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.28%. Capital One Financial’s payout ratio is presently 22.66%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on COF. Citigroup assumed coverage on shares of Capital One Financial in a report on Friday, September 20th. They set a “buy” rating and a $190.00 target price for the company. Barclays lifted their price objective 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. Evercore ISI increased their target price 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. Royal Bank of Canada boosted their target price on Capital One Financial from $150.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. increased their price target on shares of Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a research report on Monday, October 7th. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Capital One Financial has a consensus rating of “Hold” and an average price target of $160.18.

Get Our Latest Report on COF

Insider Activity at Capital One Financial

In other news, insider Frank G. LapradeIii sold 15,751 shares of Capital One Financial stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $160.00, for a total value of $2,520,160.00. Following the sale, the insider now directly owns 44,711 shares in the company, valued at $7,153,760. This trade represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Zamsky sold 10,541 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the sale, the insider now directly owns 26,482 shares in the company, valued at approximately $5,038,465.32. This represents a 28.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,007 shares of company stock valued at $4,982,647. 1.30% of the stock is owned by insiders.

Capital One Financial Profile

(Free Report)

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.

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

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