Asset Dedication LLC Sells 286 Shares of Capital One Financial Co. (NYSE:COF)

Asset Dedication LLC reduced its stake in Capital One Financial Co. (NYSE:COF) by 4.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,603 shares of the financial services provider’s stock after selling 286 shares during the quarter. Asset Dedication LLC’s holdings in Capital One Financial were worth $1,177,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of COF. State Street Corp raised its stake in Capital One Financial by 0.5% during the third quarter. State Street Corp now owns 16,506,861 shares of the financial services provider’s stock valued at $2,471,572,000 after purchasing an additional 74,784 shares in the last quarter. Franklin Resources Inc. raised its position 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 boosted its holdings in shares of Capital One Financial by 0.7% in the 3rd quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider’s stock worth $1,451,527,000 after purchasing an additional 72,097 shares during the period. Geode Capital Management LLC boosted its stake in Capital One Financial by 2.0% during 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 increased its position in Capital One Financial by 21.4% during the third 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 last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Activity at Capital One Financial

In other news, insider Michael Zamsky sold 10,541 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total value of $2,005,530.66. Following the completion of the transaction, the insider now directly owns 26,482 shares in the company, valued at $5,038,465.32. This trade represents a 28.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kara West sold 721 shares of Capital One Financial stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $184.73, for a total value of $133,190.33. Following the sale, the insider now directly owns 12,929 shares of the company’s stock, valued at $2,388,374.17. This trade represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,256 shares of company stock valued at $2,462,487 in the last ninety days. Company insiders own 1.30% of the company’s stock.

Capital One Financial Trading Up 0.5 %

Shares of NYSE:COF opened at $204.19 on Thursday. The business’s 50-day moving average is $185.91 and its 200 day moving average is $163.69. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 1.00. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $207.24. The firm has a market capitalization of $77.84 billion, a P/E ratio of 17.62, a P/E/G ratio of 1.29 and a beta of 1.46.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.31. The firm had revenue of $10.19 billion for the quarter, compared to the consensus estimate of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.81 earnings per share. On average, research analysts predict that Capital One Financial Co. will post 15.22 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis 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 (DPR) is presently 20.71%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Barclays upped their price target on shares of Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Robert W. Baird lifted their target price on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. UBS Group upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and upped their price target for the stock from $168.00 to $235.00 in a report on Monday, January 13th. Royal Bank of Canada lifted their price objective on shares of Capital One Financial from $190.00 to $200.00 and gave the company a “sector perform” rating in a report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods boosted their price target on Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $196.31.

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.