Convergence Financial LLC Sells 1,889 Shares of Capital One Financial Co. (NYSE:COF)

Convergence Financial LLC lessened its stake in Capital One Financial Co. (NYSE:COF) by 44.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,361 shares of the financial services provider’s stock after selling 1,889 shares during the quarter. Convergence Financial LLC’s holdings in Capital One Financial were worth $354,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of COF. LRI Investments LLC bought a new stake in Capital One Financial during the first quarter worth $25,000. Y.D. More Investments Ltd bought a new stake in Capital One Financial during the second quarter worth $28,000. Hobbs Group Advisors LLC purchased a new stake in Capital One Financial in the second quarter worth $29,000. Unique Wealth Strategies LLC purchased a new stake in Capital One Financial in the second quarter worth $36,000. Finally, Versant Capital Management Inc increased its position in Capital One Financial by 391.5% in the second quarter. Versant Capital Management Inc now owns 290 shares of the financial services provider’s stock worth $40,000 after buying an additional 231 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Trading Up 5.3 %

NYSE COF opened at $161.31 on Friday. Capital One Financial Co. has a 1-year low of $89.08 and a 1-year high of $167.93. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81. The stock has a 50-day moving average of $147.39 and a 200-day moving average of $142.75. The firm has a market cap of $61.33 billion, a PE 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 released its earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, beating analysts’ consensus estimates of $3.70 by $0.81. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The company had revenue of $10 billion during the quarter, compared to analyst estimates of $9.88 billion. During the same quarter in the previous year, the company posted $4.45 EPS. Capital One Financial’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, sell-side analysts forecast that Capital One Financial Co. will post 12.87 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.40 dividend on an annualized basis and a yield of 1.49%. Capital One Financial’s dividend payout ratio is presently 18.79%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on COF shares. Barclays raised their target price on Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. raised their target price on Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Royal Bank of Canada lifted their price target on Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research report on Friday. Evercore ISI reduced their price target on Capital One Financial from $166.00 to $163.00 and set an “in-line” rating for the company in a research report on Monday, October 7th. Finally, Robert W. Baird lifted their price target on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $152.39.

Insider Activity at Capital One Financial

In related news, CEO Kevin S. Borgmann sold 61,532 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the transaction, the chief executive officer now owns 40,934 shares in the company, valued at $5,438,491.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Frank G. LapradeIii sold 15,751 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total value of $2,520,160.00. Following the sale, the insider now owns 44,711 shares in the company, valued at $7,153,760. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total value of $8,175,141.52. Following the completion of the sale, the chief executive officer now owns 40,934 shares in the company, valued at $5,438,491.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

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.