Summit Trail Advisors LLC Sells 518 Shares of Capital One Financial Co. (NYSE:COF)

Summit Trail Advisors LLC reduced its holdings in shares of Capital One Financial Co. (NYSE:COF) by 16.7% in the third quarter, Holdings Channel reports. The institutional investor owned 2,591 shares of the financial services provider’s stock after selling 518 shares during the period. Summit Trail Advisors LLC’s holdings in Capital One Financial were worth $388,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LRI Investments LLC acquired a new position in Capital One Financial during the 1st quarter valued at about $25,000. Y.D. More Investments Ltd purchased a new position in shares of Capital One Financial during the second quarter valued at approximately $28,000. Hobbs Group Advisors LLC bought a new stake in Capital One Financial during the second quarter worth $29,000. Unique Wealth Strategies LLC purchased a new stake in Capital One Financial in the 2nd quarter valued at $36,000. Finally, Catalyst Capital Advisors LLC bought a new position in Capital One Financial during the 3rd quarter valued at $36,000. 89.84% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Mark Daniel Mouadeb sold 1,994 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total transaction of $323,765.78. Following the completion of the transaction, the insider now directly owns 19,776 shares in the company, valued at $3,211,029.12. The trade was a 9.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Zamsky sold 10,541 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the transaction, the insider now directly owns 26,482 shares in the company, valued at approximately $5,038,465.32. The trade was a 28.47 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,007 shares of company stock worth $4,982,647. 1.30% of the stock is owned by company insiders.

Capital One Financial Stock Down 0.2 %

COF opened at $191.50 on Wednesday. Capital One Financial Co. has a 12 month low of $105.43 and a 12 month high of $198.30. The company has a market cap of $73.06 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.36 and a beta of 1.43. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average of $164.10 and a 200 day moving average of $148.50.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results 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. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $9.88 billion. During the same period last year, the company earned $4.45 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, sell-side analysts expect that Capital One Financial Co. will post 13.54 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s payout ratio is 22.66%.

Wall Street Analysts Forecast Growth

COF has been the subject of several recent analyst reports. Royal Bank of Canada upped their target price on shares of Capital One Financial from $150.00 to $160.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Evercore ISI increased their price objective on shares of Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Citigroup initiated coverage on shares of Capital One Financial in a research report on Friday, September 20th. They set a “buy” rating and a $190.00 target price on the stock. Robert W. Baird upped their target price on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group lifted their price target on Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $160.18.

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.