Capital One Financial Co. (NYSE:COF) Shares Sold by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC trimmed its stake in shares of Capital One Financial Co. (NYSE:COF) by 3.0% during the 3rd quarter, Holdings Channel reports. The fund owned 3,668 shares of the financial services provider’s stock after selling 112 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Capital One Financial were worth $549,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Arkadios Wealth Advisors lifted its position in shares of Capital One Financial by 3.9% in the third quarter. Arkadios Wealth Advisors now owns 1,780 shares of the financial services provider’s stock valued at $266,000 after acquiring an additional 66 shares in the last quarter. Valley National Advisers Inc. increased its holdings in shares of Capital One Financial by 0.5% in the first quarter. Valley National Advisers Inc. now owns 16,366 shares of the financial services provider’s stock valued at $2,435,000 after purchasing an additional 75 shares during the last quarter. Financial Security Advisor Inc. increased its holdings in shares of Capital One Financial by 2.4% in the first 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 during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Capital One Financial by 11.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 75 shares during the last quarter. Finally, Bangor Savings Bank increased its holdings in shares of Capital One Financial by 20.8% in the third quarter. Bangor Savings Bank now owns 448 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 77 shares during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction that occurred 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s 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 sale, the chief executive officer now directly owns 40,934 shares in the company, valued at $5,438,491.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Frank G. LapradeIii sold 15,751 shares of the firm’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the sale, the insider now owns 44,711 shares in the company, valued at approximately $7,153,760. 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 owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on COF shares. Robert W. Baird raised their target price on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday. 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 note on Monday, October 7th. Bank of America raised their target price on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Royal Bank of Canada raised their target price on Capital One Financial from $150.00 to $160.00 and gave the stock a “sector perform” rating in a research note on Friday. Finally, Citigroup assumed coverage on Capital One Financial in a research note on Friday, September 20th. They issued a “buy” rating and a $190.00 price objective for the company. Twelve analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $152.39.

Capital One Financial Trading Up 5.2 %

Shares of NYSE:COF opened at $161.27 on Monday. 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 $89.08 and a 12-month high of $167.93. The firm has a fifty day moving average of $147.82 and a two-hundred day moving average of $142.89. The firm has a market capitalization of $61.31 billion, a P/E ratio of 12.63, a price-to-earnings-growth ratio of 1.22 and a beta of 1.44.

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, beating analysts’ consensus estimates of $3.70 by $0.81. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $9.88 billion. During the same quarter in the prior year, the business earned $4.45 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities analysts expect that Capital One Financial Co. will post 12.87 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

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 dividend of $0.60 per share. The ex-dividend date was Monday, August 12th. This represents a $2.40 annualized dividend and a dividend yield of 1.49%. Capital One Financial’s dividend payout ratio (DPR) is currently 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.