NFJ Investment Group LLC Trims Position in Capital One Financial Co. (NYSE:COF)

NFJ Investment Group LLC cut its holdings in shares of Capital One Financial Co. (NYSE:COF) by 48.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 77,528 shares of the financial services provider’s stock after selling 74,198 shares during the quarter. NFJ Investment Group LLC’s holdings in Capital One Financial were worth $11,608,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Asset Management One Co. Ltd. raised its position in Capital One Financial by 5.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 146,769 shares of the financial services provider’s stock worth $21,976,000 after buying an additional 7,331 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in Capital One Financial during the 3rd quarter worth approximately $1,649,000. Fisher Asset Management LLC raised its position in Capital One Financial by 0.7% during the 3rd quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider’s stock worth $1,451,527,000 after buying an additional 72,097 shares during the last quarter. Dai ichi Life Insurance Company Ltd raised its position in Capital One Financial by 36.8% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 11,162 shares of the financial services provider’s stock worth $1,671,000 after buying an additional 3,000 shares during the last quarter. Finally, Clear Harbor Asset Management LLC acquired a new stake in shares of Capital One Financial during the 2nd quarter worth approximately $511,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Evercore ISI raised their price objective on shares of Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Robert W. Baird raised their price objective on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Royal Bank of Canada raised their price objective on Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Barclays lifted their price target on Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Finally, Citigroup started coverage on Capital One Financial in a report on Friday, September 20th. They set a “buy” rating and a $190.00 price target on the stock. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Capital One Financial presently has an average rating of “Hold” and a consensus target price of $160.18.

Capital One Financial Stock Performance

Shares of COF traded up $1.13 during mid-day trading on Tuesday, reaching $188.65. 300,673 shares of the company’s stock were exchanged, compared to its average volume of 2,562,517. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $71.97 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 1.40 and a beta of 1.45. The business’s fifty day simple moving average is $166.58 and its 200-day simple moving average is $149.52. Capital One Financial Co. has a 52-week low of $112.64 and a 52-week high of $198.30.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.81. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.88 billion. During the same quarter in the previous year, the company posted $4.45 EPS. The business’s revenue was up 6.8% on a year-over-year basis. On average, equities research analysts expect that Capital One Financial Co. will post 13.54 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s dividend payout ratio is presently 22.66%.

Insiders Place Their Bets

In other news, insider Mark Daniel Mouadeb sold 1,994 shares of the stock in a transaction on 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 transaction, the insider now owns 19,776 shares of the company’s stock, valued at approximately $3,211,029.12. This represents a 9.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Michael Zamsky sold 10,541 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total value of $2,005,530.66. Following the transaction, the insider now directly owns 26,482 shares of the company’s stock, valued at $5,038,465.32. This represents a 28.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,007 shares of company stock worth $4,982,647 in the last 90 days. 1.30% of the stock is owned by company 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.