Dumont & Blake Investment Advisors LLC Cuts Holdings in Capital One Financial Co. (NYSE:COF)

Dumont & Blake Investment Advisors LLC reduced its stake in shares of Capital One Financial Co. (NYSE:COF) by 50.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,475 shares of the financial services provider’s stock after selling 11,721 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Capital One Financial were worth $1,718,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Financial Security Advisor Inc. grew its stake in Capital One Financial by 2.4% during the 1st quarter. Financial Security Advisor Inc. now owns 3,255 shares of the financial services provider’s stock valued at $485,000 after purchasing an additional 75 shares in the last quarter. Valley National Advisers Inc. raised its stake in shares of Capital One Financial by 0.5% in the 1st quarter. Valley National Advisers Inc. now owns 16,366 shares of the financial services provider’s stock worth $2,435,000 after buying an additional 75 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Capital One Financial by 11.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock worth $107,000 after buying an additional 75 shares in the last quarter. Bangor Savings Bank increased its stake in Capital One Financial by 20.8% in the 3rd quarter. Bangor Savings Bank now owns 448 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 77 shares in the last quarter. Finally, Grove Bank & Trust lifted its position in shares of Capital One Financial by 9.3% in the 3rd quarter. Grove Bank & Trust now owns 909 shares of the financial services provider’s stock valued at $136,000 after acquiring an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Trading Up 8.1 %

COF traded up $12.42 during mid-day trading on Friday, hitting $165.68. 1,418,140 shares of the stock were exchanged, compared to its average volume of 2,439,519. Capital One Financial Co. has a 1-year low of $89.08 and a 1-year high of $167.62. The company has a market cap of $62.99 billion, a PE ratio of 12.00, a PEG ratio of 1.22 and a beta of 1.44. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81. The firm’s fifty day moving average is $147.07 and its two-hundred day moving average is $142.68.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.81. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.88 billion. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. Capital One Financial’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.45 EPS. Equities analysts forecast that Capital One Financial Co. will post 12.87 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.45%. Capital One Financial’s dividend payout ratio (DPR) is 18.79%.

Analysts Set New Price Targets

COF has been the subject of several recent research reports. Citigroup assumed coverage on shares of Capital One Financial in a research report on Friday, September 20th. They issued a “buy” rating and a $190.00 target price for the company. Barclays increased their price target on shares of Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Bank of America upped their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $150.00 price target on shares of Capital One Financial in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. boosted their target price on Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Twelve equities 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, Capital One Financial has an average rating of “Hold” and an average price target of $151.83.

Insider Activity

In other news, insider Frank G. LapradeIii sold 15,751 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were 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 approximately $7,153,760. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other 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 sale, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at $5,438,491.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Frank G. LapradeIii sold 15,751 shares of the company’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $160.00, for a total value of $2,520,160.00. Following the transaction, the insider now directly owns 44,711 shares in the company, valued at $7,153,760. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

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.