Sanibel Captiva Trust Company Inc. Sells 2,411 Shares of Capital One Financial Co. (NYSE:COF)

Sanibel Captiva Trust Company Inc. lessened its holdings in Capital One Financial Co. (NYSE:COF) by 23.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,059 shares of the financial services provider’s stock after selling 2,411 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Capital One Financial were worth $1,437,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. FMR LLC lifted its holdings in Capital One Financial by 21.4% during the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock worth $994,350,000 after acquiring an additional 1,169,395 shares in the last quarter. Eminence Capital LP acquired a new stake in shares of Capital One Financial during the second quarter worth about $127,465,000. International Assets Investment Management LLC bought a new position in shares of Capital One Financial during the 4th quarter valued at about $130,683,000. Wellington Management Group LLP grew its position in shares of Capital One Financial by 268.7% in the 3rd quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock valued at $146,052,000 after purchasing an additional 710,881 shares during the period. Finally, Southpoint Capital Advisors LP bought a new stake in Capital One Financial during the 3rd quarter worth approximately $104,811,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Barclays upgraded shares of Capital One Financial from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $158.00 to $219.00 in a report on Monday, January 6th. HSBC raised Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price target for the company in a research report on Tuesday, January 14th. Hsbc Global Res upgraded Capital One Financial from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 14th. Bank of America lowered Capital One Financial from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $203.00 to $200.00 in a report on Monday, December 9th. Finally, Wells Fargo & Company raised their price target on Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Capital One Financial presently has a consensus rating of “Hold” and an average target price of $188.06.

Capital One Financial Price Performance

Capital One Financial stock opened at $191.16 on Friday. The company has a market capitalization of $72.88 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 1.12 and a beta of 1.46. The stock’s 50 day moving average is $183.82 and its 200-day moving average is $160.31. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78. Capital One Financial Co. has a 12 month low of $123.23 and a 12 month high of $198.30.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.81. The firm had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business earned $4.45 EPS. Equities research analysts expect that Capital One Financial Co. will post 13.41 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently disclosed 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 1.26%. The ex-dividend date of this dividend was Thursday, November 14th. Capital One Financial’s dividend payout ratio is currently 22.66%.

Insiders Place Their Bets

In related news, insider Michael Zamsky sold 10,541 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the sale, the insider now owns 26,482 shares of the company’s stock, valued at $5,038,465.32. This represents a 28.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the firm’s stock in a transaction dated 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 approximately $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. Insiders have sold a total of 13,256 shares of company stock worth $2,462,487 in the last quarter. Corporate insiders own 1.30% of the company’s stock.

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.