Los Angeles Capital Management LLC Has $70.03 Million Holdings in Capital One Financial Co. (NYSE:COF)

Los Angeles Capital Management LLC cut its holdings in Capital One Financial Co. (NYSE:COF) by 6.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 467,683 shares of the financial services provider’s stock after selling 32,571 shares during the period. Los Angeles Capital Management LLC owned about 0.12% of Capital One Financial worth $70,026,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COF. Prossimo Advisors LLC raised its stake in Capital One Financial by 2.4% in the third quarter. Prossimo Advisors LLC now owns 2,735 shares of the financial services provider’s stock valued at $410,000 after purchasing an additional 65 shares in the last quarter. Arkadios Wealth Advisors raised its stake in Capital One Financial by 3.9% in the third quarter. Arkadios Wealth Advisors now owns 1,780 shares of the financial services provider’s stock valued at $266,000 after purchasing an additional 66 shares in the last quarter. Arvest Investments Inc. raised its stake in Capital One Financial by 1.2% in the third quarter. Arvest Investments Inc. now owns 6,513 shares of the financial services provider’s stock valued at $975,000 after purchasing an additional 75 shares in the last quarter. Bangor Savings Bank raised its stake in Capital One Financial by 20.8% in the third quarter. Bangor Savings Bank now owns 448 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 77 shares in the last quarter. Finally, Grove Bank & Trust raised its stake in Capital One Financial by 9.3% during the third quarter. Grove Bank & Trust now owns 909 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 77 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Capital One Financial

In related news, insider Mark Daniel Mouadeb sold 1,994 shares of the stock in a transaction 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 completion of the sale, the insider now directly owns 19,776 shares of the company’s stock, valued at approximately $3,211,029.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Mark Daniel Mouadeb sold 1,994 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total transaction of $323,765.78. Following the completion of the sale, the insider now directly owns 19,776 shares of the company’s stock, valued at $3,211,029.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Frank G. LapradeIii sold 15,751 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $160.00, for a total value of $2,520,160.00. Following the sale, the insider now directly owns 44,711 shares of the company’s stock, valued at approximately $7,153,760. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on COF shares. Evercore ISI boosted their target price on Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Citigroup started coverage on Capital One Financial in a research note on Friday, September 20th. They set a “buy” rating and a $190.00 target price for the company. Robert W. Baird boosted their target price 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. Bank of America boosted their target price on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. boosted their target price on Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Capital One Financial currently has an average rating of “Hold” and a consensus price target of $156.35.

Capital One Financial Trading Up 0.2 %

Shares of Capital One Financial stock traded up $0.39 on Friday, reaching $185.21. 4,247,350 shares of the company’s stock were exchanged, compared to its average volume of 3,288,352. The company has a market capitalization of $70.66 billion, a P/E ratio of 17.49, a price-to-earnings-growth ratio of 1.42 and a beta of 1.43. Capital One Financial Co. has a 52 week low of $102.63 and a 52 week high of $198.30. The firm’s 50-day moving average is $153.47 and its two-hundred day moving average is $144.96. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, beating analysts’ consensus estimates of $3.70 by $0.81. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. Capital One Financial’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.45 EPS. Sell-side analysts predict that Capital One Financial Co. will post 13.46 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 14th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Thursday, November 14th. Capital One Financial’s payout ratio is currently 22.66%.

About Capital One Financial

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.