Prime Capital Investment Advisors LLC Decreases Stock Holdings in Capital One Financial Co. (NYSE:COF)

Prime Capital Investment Advisors LLC lessened its holdings in Capital One Financial Co. (NYSE:COF) by 29.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,710 shares of the financial services provider’s stock after selling 1,980 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Capital One Financial were worth $705,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. LRI Investments LLC acquired a new position in shares of Capital One Financial during the first quarter worth about $25,000. Y.D. More Investments Ltd purchased a new stake in shares of Capital One Financial during the 2nd quarter valued at about $28,000. Hobbs Group Advisors LLC acquired a new position in Capital One Financial during the 2nd quarter worth approximately $29,000. Unique Wealth Strategies LLC purchased a new position in Capital One Financial in the 2nd quarter worth approximately $36,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Capital One Financial in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

COF has been the topic of a number of recent research reports. Robert W. Baird boosted their target price on shares of Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their price objective 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. Royal Bank of Canada lifted 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. Citigroup assumed coverage on Capital One Financial in a report on Friday, September 20th. They issued a “buy” rating and a $190.00 price target for the company. Finally, Barclays upped their target price on 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. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $156.35.

Insider Activity

In related news, 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 value of $2,520,160.00. Following the transaction, the insider now owns 44,711 shares in the company, valued at approximately $7,153,760. This represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total value of $323,765.78. Following the completion of the sale, the insider now directly owns 19,776 shares of the company’s stock, valued at $3,211,029.12. This represents a 9.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,007 shares of company stock valued at $4,982,647 over the last three months. Insiders own 1.30% of the company’s stock.

Capital One Financial Stock Up 1.2 %

Shares of Capital One Financial stock opened at $185.12 on Friday. Capital One Financial Co. has a twelve month low of $104.21 and a twelve month high of $198.30. The stock has a market capitalization of $70.62 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 1.38 and a beta of 1.43. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78. The business’s 50 day simple moving average is $156.81 and its 200-day simple moving average is $146.06.

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. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The business had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.88 billion. During the same period in the previous year, the business earned $4.45 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. Equities research analysts forecast that Capital One Financial Co. will post 13.46 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Thursday, November 14th. Capital One Financial’s dividend payout ratio is presently 22.66%.

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.