Lmcg Investments LLC Sells 2,998 Shares of Capital One Financial Co. (NYSE:COF)

Lmcg Investments LLC cut its holdings in Capital One Financial Co. (NYSE:COF) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 96,459 shares of the financial services provider’s stock after selling 2,998 shares during the period. Capital One Financial makes up 0.9% of Lmcg Investments LLC’s portfolio, making the stock its 28th largest position. Lmcg Investments LLC’s holdings in Capital One Financial were worth $14,443,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its position in shares of Capital One Financial by 4.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 88,881 shares of the financial services provider’s stock valued at $13,233,000 after acquiring an additional 4,143 shares during the period. Norden Group LLC purchased a new position in shares of Capital One Financial in the first quarter valued at about $2,239,000. Kovack Advisors Inc. increased its position in shares of Capital One Financial by 8.4% in the first quarter. Kovack Advisors Inc. now owns 2,281 shares of the financial services provider’s stock valued at $340,000 after acquiring an additional 177 shares during the period. Van ECK Associates Corp increased its position in shares of Capital One Financial by 20.0% in the first quarter. Van ECK Associates Corp now owns 38,573 shares of the financial services provider’s stock valued at $5,743,000 after acquiring an additional 6,436 shares during the period. Finally, Diversify Advisory Services LLC purchased a new position in shares of Capital One Financial in the first quarter valued at about $504,000. 89.84% of the stock is owned by institutional investors.

Capital One Financial Stock Performance

Capital One Financial stock traded up $1.11 during midday trading on Friday, reaching $163.90. 3,375,221 shares of the company traded hands, compared to its average volume of 2,485,347. The firm has a market capitalization of $62.59 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 1.27 and a beta of 1.44. The business has a 50 day moving average of $150.14 and a two-hundred day moving average of $143.70. Capital One Financial Co. has a 12 month low of $101.38 and a 12 month high of $167.93. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on COF shares. Citigroup started coverage on shares of Capital One Financial in a research report on Friday, September 20th. They issued a “buy” rating and a $190.00 price objective on the stock. Barclays boosted their price target on shares of Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Bank of America boosted their price target on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Robert W. Baird boosted their price target on shares of Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted 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 research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $156.35.

Insider Activity at Capital One Financial

In related news, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the transaction, the chief executive officer now owns 40,934 shares in the company, valued at $5,438,491.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the transaction, the chief executive officer now directly owns 40,934 shares in the company, valued at approximately $5,438,491.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Frank G. LapradeIii sold 15,751 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the completion of the transaction, the insider now owns 44,711 shares in the company, valued at $7,153,760. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by 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.