Verus Financial Partners Inc. Sells 552 Shares of Capital One Financial Co. (NYSE:COF)

Verus Financial Partners Inc. lessened its holdings in Capital One Financial Co. (NYSE:COF) by 19.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,219 shares of the financial services provider’s stock after selling 552 shares during the period. Verus Financial Partners Inc.’s holdings in Capital One Financial were worth $389,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp grew its position in shares of Capital One Financial by 0.5% during the 3rd quarter. State Street Corp now owns 16,506,861 shares of the financial services provider’s stock valued at $2,471,572,000 after acquiring an additional 74,784 shares during the period. Franklin Resources Inc. grew its holdings in Capital One Financial by 2.8% during the third quarter. Franklin Resources Inc. now owns 10,387,265 shares of the financial services provider’s stock valued at $1,649,488,000 after purchasing an additional 280,462 shares during the period. Fisher Asset Management LLC increased its position in Capital One Financial by 0.7% in the third quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider’s stock worth $1,451,527,000 after buying an additional 72,097 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Capital One Financial by 2.0% in the third quarter. Geode Capital Management LLC now owns 8,020,160 shares of the financial services provider’s stock worth $1,198,664,000 after buying an additional 159,616 shares during the period. Finally, FMR LLC grew its stake in shares of Capital One Financial by 21.4% during the 3rd quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock valued at $994,350,000 after acquiring an additional 1,169,395 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Activity at Capital One Financial

In other news, insider Kara West sold 721 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $184.73, for a total value of $133,190.33. Following the completion of the sale, the insider now owns 12,929 shares of the company’s stock, valued at approximately $2,388,374.17. This represents a 5.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Zamsky sold 10,541 shares of Capital One Financial stock in a transaction that occurred on 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,256 shares of company stock worth $2,462,487. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on COF shares. Evercore ISI lifted their price target on shares of Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Bank of America cut Capital One Financial from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $203.00 to $200.00 in a report on Monday, December 9th. HSBC raised shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price objective for the company in a report on Tuesday, January 14th. Argus raised shares of Capital One Financial to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group raised their target price 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. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus price target of $196.31.

Capital One Financial Price Performance

Shares of COF stock opened at $204.02 on Friday. The stock has a 50 day moving average price of $187.16 and a 200 day moving average price of $164.67. Capital One Financial Co. has a 52-week low of $128.23 and a 52-week high of $208.63. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $77.78 billion, a P/E ratio of 17.60, a P/E/G ratio of 1.25 and a beta of 1.46.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.31. The business had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $2.81 earnings per share. As a group, sell-side analysts predict that Capital One Financial Co. will post 15.4 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Thursday, November 14th. Capital One Financial’s dividend payout ratio is presently 20.71%.

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.