Cornerstone Advisors LLC Has $1.01 Million Stake in Capital One Financial Co. (NYSE:COF)

Cornerstone Advisors LLC lowered its position in Capital One Financial Co. (NYSE:COF) by 52.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 7,300 shares of the financial services provider’s stock after selling 7,900 shares during the period. Cornerstone Advisors LLC’s holdings in Capital One Financial were worth $1,011,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LRI Investments LLC bought a new stake in shares of Capital One Financial in the 1st quarter valued at $25,000. Silicon Valley Capital Partners bought a new stake in shares of Capital One Financial in the 1st quarter valued at $25,000. Y.D. More Investments Ltd bought a new stake in shares of Capital One Financial in the 2nd quarter valued at $28,000. Hobbs Group Advisors LLC bought a new stake in shares of Capital One Financial in the 2nd quarter valued at $29,000. Finally, Rise Advisors LLC bought a new stake in shares of Capital One Financial in the 1st quarter valued at $33,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at $5,438,491.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Capital One Financial news, insider Robert M. Alexander sold 30,742 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the sale, the insider now directly owns 73,734 shares of the company’s stock, valued at $11,060,100. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 40,934 shares in the company, valued at $5,438,491.24. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. BTIG Research assumed coverage on shares of Capital One Financial in a research note on Friday, June 7th. They issued a “neutral” rating for the company. Royal Bank of Canada restated a “sector perform” rating and set a $150.00 price target on shares of Capital One Financial in a research note on Thursday, July 25th. Evercore ISI decreased their price target on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a research note on Tuesday, June 25th. 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 note on Wednesday, July 24th. Finally, Jefferies Financial Group upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and boosted their price target for the company from $145.00 to $165.00 in a research note on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Capital One Financial currently has a consensus rating of “Hold” and an average price target of $145.89.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $140.95 on Tuesday. The company’s 50-day moving average is $141.66 and its 200 day moving average is $140.58. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $53.82 billion, a P/E ratio of 11.04, a price-to-earnings-growth ratio of 1.08 and a beta of 1.44. Capital One Financial Co. has a fifty-two week low of $88.23 and a fifty-two week high of $153.35.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). The company had revenue of $9.51 billion during the quarter, compared to analysts’ expectations of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. Capital One Financial’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $3.52 earnings per share. On average, equities research analysts forecast that Capital One Financial Co. will post 13.1 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend was Monday, August 12th. Capital One Financial’s dividend payout ratio (DPR) is presently 18.79%.

About Capital One Financial

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.