Salomon & Ludwin LLC Decreases Stock Position in Capital One Financial Co. (NYSE:COF)

Salomon & Ludwin LLC cut its holdings in shares of Capital One Financial Co. (NYSE:COF) by 54.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,012 shares of the financial services provider’s stock after selling 1,187 shares during the quarter. Salomon & Ludwin LLC’s holdings in Capital One Financial were worth $140,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. IMA Advisory Services Inc. boosted its holdings in shares of Capital One Financial by 1.1% in the 2nd quarter. IMA Advisory Services Inc. now owns 13,627 shares of the financial services provider’s stock valued at $1,887,000 after buying an additional 144 shares during the period. Addison Capital Co raised its position in shares of Capital One Financial by 14.9% during the 2nd quarter. Addison Capital Co now owns 6,323 shares of the financial services provider’s stock worth $875,000 after buying an additional 821 shares in the last quarter. Bank of Stockton raised its holdings in shares of Capital One Financial by 28.6% in the 2nd quarter. Bank of Stockton now owns 3,238 shares of the financial services provider’s stock worth $448,000 after purchasing an additional 720 shares in the last quarter. LRI Investments LLC raised its holdings in shares of Capital One Financial by 1,304.8% in the 2nd quarter. LRI Investments LLC now owns 2,360 shares of the financial services provider’s stock worth $327,000 after purchasing an additional 2,192 shares in the last quarter. Finally, EdgeRock Capital LLC acquired a new stake in shares of Capital One Financial during the second quarter valued at approximately $68,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on COF. Bank of America boosted their price objective on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $150.00 target price on shares of Capital One Financial in a report on Thursday, July 25th. Evercore ISI dropped their target price on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a research report on Tuesday, June 25th. BTIG Research started coverage on Capital One Financial in a report on Friday, June 7th. They issued a “neutral” rating for the company. Finally, Jefferies Financial Group raised Capital One Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $145.00 to $165.00 in a research report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $145.89.

Insider Buying and Selling at Capital One Financial

In other news, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $5,438,491.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Kevin S. Borgmann sold 61,532 shares of the company’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 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the transaction, the insider now directly owns 73,734 shares in the company, valued at approximately $11,060,100. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Capital One Financial Stock Down 0.5 %

COF stock traded down $0.78 on Monday, reaching $141.76. 653,757 shares of the company traded hands, compared to its average volume of 2,493,738. Capital One Financial Co. has a one year low of $88.23 and a one year high of $153.35. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $53.90 billion, a P/E ratio of 11.16, a price-to-earnings-growth ratio of 1.13 and a beta of 1.45. The firm has a fifty day simple moving average of $140.14 and a 200-day simple moving average of $139.90.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). The firm had revenue of $9.51 billion during the quarter, compared to analysts’ expectations of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business earned $3.52 earnings per share. Research analysts anticipate that Capital One Financial Co. will post 13.17 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.40 annualized dividend and a dividend yield of 1.69%. Capital One Financial’s dividend payout ratio (DPR) is presently 18.79%.

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.