Capital One Financial Co. (NYSE:COF) Position Cut by CCM Investment Advisers LLC

11 Oct 2024, 14:42 by Doug Wharley · The Cerbat Gem

CCM Investment Advisers LLC trimmed its holdings in Capital One Financial Co. (NYSE:COF) by 0.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 85,024 shares of the financial services provider’s stock after selling 370 shares during the quarter. CCM Investment Advisers LLC’s holdings in Capital One Financial were worth $12,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the company. Tobam lifted its position in Capital One Financial by 116.6% in the third quarter. Tobam now owns 1,449 shares of the financial services provider’s stock worth $217,000 after purchasing an additional 780 shares during the period. Sendero Wealth Management LLC lifted its position in Capital One Financial by 8.3% in the third quarter. Sendero Wealth Management LLC now owns 50,526 shares of the financial services provider’s stock worth $7,565,000 after purchasing an additional 3,853 shares during the period. Unison Advisors LLC lifted its position in Capital One Financial by 0.4% in the third quarter. Unison Advisors LLC now owns 29,735 shares of the financial services provider’s stock worth $4,452,000 after purchasing an additional 124 shares during the period. Bruce G. Allen Investments LLC lifted its position in Capital One Financial by 12.5% in the third quarter. Bruce G. Allen Investments LLC now owns 700 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 78 shares during the period. Finally, Wedmont Private Capital lifted its position in Capital One Financial by 1.5% in the third quarter. Wedmont Private Capital now owns 5,444 shares of the financial services provider’s stock worth $828,000 after purchasing an additional 82 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $151.13 on Friday. The company’s fifty day moving average is $142.90 and its two-hundred day moving average is $141.89. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81. Capital One Financial Co. has a 12-month low of $88.23 and a 12-month high of $154.18. The company has a market cap of $57.71 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 1.22 and a beta of 1.44.

Capital One Financial (NYSE:COF – Get Free Report) last posted 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). Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The company had revenue of $9.51 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same period last year, the company posted $3.52 earnings per share. The company’s revenue was up 5.5% compared to the same quarter last year. Equities analysts expect that Capital One Financial Co. will post 12.87 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Monday, August 12th. Capital One Financial’s dividend payout ratio (DPR) is presently 22.58%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on COF. Evercore ISI cut their target price on Capital One Financial from $166.00 to $163.00 and set an “in-line” rating for the company in a research report on Monday. Citigroup started coverage on Capital One Financial in a research report on Friday, September 20th. They set a “buy” rating and a $190.00 price objective for the company. Barclays increased their price objective on Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a research report on Tuesday. Bank of America increased their price objective on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. increased their price objective on Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $148.00.

Read Our Latest Analysis on Capital One Financial

Insider Transactions at Capital One Financial

In other news, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $5,438,491.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction 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 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 filing with the SEC, which is available through the SEC website. Also, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the transaction, the insider now directly owns 73,734 shares in the company, valued at $11,060,100. 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 currently owned by company insiders.

About Capital One Financial

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