Westbourne Investment Advisors Inc. Sells 1,165 Shares of Capital One Financial Corp. (NYSE:COF)

Westbourne Investment Advisors Inc. lowered its stake in shares of Capital One Financial Corp. (NYSE:COF) by 5.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,490 shares of the financial services provider’s stock after selling 1,165 shares during the quarter. Capital One Financial comprises approximately 1.5% of Westbourne Investment Advisors Inc.’s holdings, making the stock its 20th largest holding. Westbourne Investment Advisors Inc.’s holdings in Capital One Financial were worth $1,955,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in COF. Ballentine Partners LLC increased its holdings in Capital One Financial by 17.6% in the 3rd quarter. Ballentine Partners LLC now owns 2,719 shares of the financial services provider’s stock valued at $247,000 after buying an additional 407 shares during the period. Calamos Advisors LLC grew its holdings in shares of Capital One Financial by 5.6% in the 3rd quarter. Calamos Advisors LLC now owns 452,520 shares of the financial services provider’s stock worth $41,170,000 after purchasing an additional 23,850 shares during the last quarter. KAMES CAPITAL plc bought a new stake in shares of Capital One Financial in the 3rd quarter worth about $1,556,000. Calamos Wealth Management LLC grew its holdings in shares of Capital One Financial by 2.7% in the 3rd quarter. Calamos Wealth Management LLC now owns 48,184 shares of the financial services provider’s stock worth $4,384,000 after purchasing an additional 1,249 shares during the last quarter. Finally, Avitas Wealth Management LLC grew its holdings in shares of Capital One Financial by 1.3% in the 3rd quarter. Avitas Wealth Management LLC now owns 34,555 shares of the financial services provider’s stock worth $3,144,000 after purchasing an additional 449 shares during the last quarter. 88.89% of the stock is currently owned by institutional investors and hedge funds.

NYSE COF traded up $1.09 on Tuesday, hitting $92.41. 413,033 shares of the company were exchanged, compared to its average volume of 1,956,820. The firm has a 50 day moving average of $89.85 and a two-hundred day moving average of $89.66. The company has a market cap of $42.95 billion, a P/E ratio of 8.49, a P/E/G ratio of 1.11 and a beta of 1.27. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.88. Capital One Financial Corp. has a 1-year low of $69.90 and a 1-year high of $98.62.

In other Capital One Financial news, insider Michael J. Wassmer sold 8,212 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $95.03, for a total transaction of $780,386.36. Following the transaction, the insider now directly owns 84,679 shares in the company, valued at approximately $8,047,045.37. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Bradford H. Warner sold 3,777 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $91.68, for a total transaction of $346,275.36. Following the transaction, the director now owns 43,207 shares in the company, valued at $3,961,217.76. The disclosure for this sale can be found here. 1.43% of the stock is owned by corporate insiders.

Several equities research analysts have recently weighed in on the stock. Credit Suisse Group set a $118.00 target price on shares of Capital One Financial and gave the stock a “buy” rating in a report on Friday, July 19th. Piper Jaffray Companies lowered their target price on shares of Capital One Financial from $111.00 to $107.00 and set an “overweight” rating on the stock in a report on Wednesday, September 11th. Zacks Investment Research lowered shares of Capital One Financial from a “buy” rating to a “hold” rating and set a $103.00 target price on the stock. in a report on Thursday, July 25th. Deutsche Bank reaffirmed a “hold” rating and issued a $98.00 target price on shares of Capital One Financial in a report on Monday, July 8th. Finally, Citigroup lowered their target price on shares of Capital One Financial from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. Capital One Financial presently has an average rating of “Hold” and a consensus price target of $104.61.

Capital One Financial Company Profile

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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