Webster Bank N. A. Lowers Holdings in Capital One Financial Co. (NYSE:COF)

Webster Bank N. A. reduced its position in shares of Capital One Financial Co. (NYSE:COF) by 6.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,484 shares of the financial services provider’s stock after selling 1,593 shares during the period. Webster Bank N. A.’s holdings in Capital One Financial were worth $4,188,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Decker Retirement Planning Inc. bought a new position in Capital One Financial in the 4th quarter worth about $32,000. Catalyst Capital Advisors LLC bought a new position in shares of Capital One Financial in the third quarter worth approximately $36,000. Creative Financial Designs Inc. ADV raised its stake in Capital One Financial by 135.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 166 shares in the last quarter. Eastern Bank bought a new stake in Capital One Financial during the third quarter valued at approximately $44,000. Finally, Prospera Private Wealth LLC purchased a new position in Capital One Financial in the 3rd quarter worth approximately $47,000. Institutional investors own 89.84% of the company’s stock.

Analysts Set New Price Targets

COF has been the topic of several research reports. Truist Financial began coverage on shares of Capital One Financial in a research report on Tuesday, January 7th. They set a “buy” rating and a $229.00 price objective on the stock. The Goldman Sachs Group lifted their price target on Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Barclays increased their price objective on Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. boosted their target price on Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Finally, Hsbc Global Res upgraded shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $190.47.

Insiders Place Their Bets

In related news, insider Mark Daniel Mouadeb sold 1,994 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 19,776 shares in the company, valued at approximately $3,211,029.12. This represents a 9.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Zamsky sold 10,541 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 26,482 shares in the company, valued at approximately $5,038,465.32. The trade was a 28.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,256 shares of company stock valued at $2,462,487. 1.30% of the stock is owned by insiders.

Capital One Financial Price Performance

Shares of Capital One Financial stock opened at $203.32 on Monday. The company has a market cap of $77.51 billion, a PE ratio of 17.54, a P/E/G ratio of 1.29 and a beta of 1.46. The business has a 50 day moving average of $185.08 and a 200 day moving average of $162.79. Capital One Financial Co. has a 52 week low of $128.23 and a 52 week high of $207.24. The company has a quick ratio of 1.00, a current ratio of 0.98 and a debt-to-equity ratio of 0.74.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.78 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 $10.19 billion for the quarter, compared to analysts’ expectations of $10,220,675.12 billion. During the same period in the prior year, the firm earned $2.81 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, equities research analysts forecast that Capital One Financial Co. will post 15.22 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Thursday, November 14th. Capital One Financial’s dividend payout ratio is currently 20.71%.

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.