Great Lakes Advisors LLC Lowers Holdings in Capital One Financial Co. (NYSE:COF)

Great Lakes Advisors LLC cut its holdings in Capital One Financial Co. (NYSE:COF) by 37.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,000 shares of the financial services provider’s stock after selling 33,438 shares during the period. Great Lakes Advisors LLC’s holdings in Capital One Financial were worth $7,221,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. lifted its holdings in Capital One Financial by 566.7% in the 1st quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 200 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 170 shares in the last quarter. Covestor Ltd purchased a new position in Capital One Financial in the 4th quarter worth approximately $33,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Capital One Financial in the 4th quarter worth approximately $38,000. Bank of New Hampshire purchased a new position in Capital One Financial in the 1st quarter worth approximately $36,000. Finally, FSB Premier Wealth Management Inc. purchased a new position in Capital One Financial in the 4th quarter worth approximately $42,000. 89.31% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

COF opened at $106.33 on Friday. The business has a fifty day moving average of $111.05 and a 200 day moving average of $127.71. Capital One Financial Co. has a 52-week low of $98.54 and a 52-week high of $177.95. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.10. The stock has a market cap of $40.81 billion, a P/E ratio of 4.67, a PEG ratio of 0.31 and a beta of 1.44.

Capital One Financial (NYSE:COFGet Rating) last posted its quarterly earnings data on Thursday, July 21st. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.11 by ($0.15). Capital One Financial had a net margin of 29.23% and a return on equity of 17.07%. During the same period in the previous year, the firm posted $7.71 EPS. As a group, sell-side analysts anticipate that Capital One Financial Co. will post 20.01 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Monday, August 8th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Friday, August 5th. Capital One Financial’s payout ratio is currently 10.54%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods lowered their price target on Capital One Financial from $200.00 to $171.00 in a report on Monday, July 11th. Morgan Stanley reduced their price objective on Capital One Financial from $126.00 to $121.00 and set an “equal weight” rating on the stock in a research note on Friday, July 22nd. Wolfe Research downgraded Capital One Financial from a “peer perform” rating to an “underperform” rating and set a $86.00 price objective on the stock. in a research note on Thursday, May 12th. BMO Capital Markets reduced their price objective on Capital One Financial from $200.00 to $188.00 and set a “buy” rating on the stock in a research note on Wednesday, April 27th. Finally, Citigroup reduced their price objective on Capital One Financial from $162.00 to $157.00 and set a “buy” rating on the stock in a research note on Monday, July 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Capital One Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.93.

Insiders Place Their Bets

In other Capital One Financial news, insider Sheldon Hall sold 14,504 shares of the company’s stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $125.00, for a total value of $1,813,000.00. Following the completion of the sale, the insider now directly owns 68,337 shares in the company, valued at approximately $8,542,125. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Capital One Financial news, insider Kara West sold 2,778 shares of the company’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $109.67, for a total value of $304,663.26. Following the completion of the sale, the insider now directly owns 8,344 shares in the company, valued at approximately $915,086.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Sheldon Hall sold 14,504 shares of the company’s stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $125.00, for a total value of $1,813,000.00. Following the completion of the sale, the insider now owns 68,337 shares of the company’s stock, valued at $8,542,125. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,458 shares of company stock worth $7,547,428. 1.27% of the stock is currently owned by company insiders.

Capital One Financial Profile

(Get Rating)

Capital One Financial Corporation operates as the financial services 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, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

See Also

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 Co. (NYSE:COFGet Rating).

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

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