Zurcher Kantonalbank Zurich Cantonalbank Lowers Position in Capital One Financial Co. (NYSE:COF)

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in Capital One Financial Co. (NYSE:COF) by 16.4% in the third quarter, Holdings Channel.com reports. The firm owned 228,633 shares of the financial services provider’s stock after selling 44,886 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Capital One Financial were worth $34,233,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. LRI Investments LLC purchased a new position in Capital One Financial in the first quarter worth $25,000. Y.D. More Investments Ltd acquired a new position in shares of Capital One Financial during the 2nd quarter worth $28,000. Hobbs Group Advisors LLC purchased a new position in shares of Capital One Financial in the 2nd quarter valued at about $29,000. Unique Wealth Strategies LLC acquired a new stake in shares of Capital One Financial in the second quarter valued at about $36,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in Capital One Financial during the third quarter worth about $36,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on COF shares. Royal Bank of Canada increased their target price on shares of Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. raised their price objective on Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Citigroup started coverage on 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 lifted their price target on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, The Goldman Sachs Group increased their price objective on shares of Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $160.18.

Insider Activity

In related news, insider Michael Zamsky sold 10,541 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total value of $2,005,530.66. Following the transaction, the insider now owns 26,482 shares in the company, valued at approximately $5,038,465.32. The trade was a 28.47 % 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. Also, insider Mark Daniel Mouadeb sold 1,994 shares of Capital One Financial stock in a transaction that occurred 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 sale, the insider now owns 19,776 shares in the company, valued at $3,211,029.12. This represents a 9.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,007 shares of company stock worth $4,982,647. 1.30% of the stock is currently owned by corporate insiders.

Capital One Financial Trading Down 0.1 %

Shares of Capital One Financial stock opened at $191.29 on Friday. Capital One Financial Co. has a fifty-two week low of $106.14 and a fifty-two week high of $198.30. The business’s fifty day moving average is $165.78 and its two-hundred day moving average is $149.10. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78. The firm has a market cap of $72.98 billion, a PE ratio of 18.06, a P/E/G ratio of 1.40 and a beta of 1.43.

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, beating 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 company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.88 billion. During the same quarter in the previous year, the business earned $4.45 EPS. The firm’s revenue was up 6.8% on a year-over-year basis. Analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were paid a dividend of $0.60 per share. 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 dividend payout ratio is presently 22.66%.

Capital One Financial Company 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.