Cornerstone Advisors LLC Lowers Stock Holdings in Capital One Financial Co. (NYSE:COF)

Cornerstone Advisors LLC trimmed its position in Capital One Financial Co. (NYSE:COF) by 52.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,300 shares of the financial services provider’s stock after selling 7,900 shares during the quarter. Cornerstone Advisors LLC’s holdings in Capital One Financial were worth $1,011,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of COF. Silicon Valley Capital Partners purchased a new stake in shares of Capital One Financial in the first quarter worth about $25,000. LRI Investments LLC purchased a new stake in shares of Capital One Financial in the first quarter worth about $25,000. Y.D. More Investments Ltd bought a new position in shares of Capital One Financial in the second quarter worth approximately $28,000. Hobbs Group Advisors LLC bought a new position in shares of Capital One Financial in the second quarter worth approximately $29,000. Finally, Bartlett & CO. Wealth Management LLC increased its position in shares of Capital One Financial by 726.7% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 248 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 218 shares during the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Stock Performance

NYSE:COF opened at $140.95 on Tuesday. The firm has a market cap of $53.82 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 1.08 and a beta of 1.44. Capital One Financial Co. has a fifty-two week low of $88.23 and a fifty-two week high of $153.35. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00. The business has a 50 day moving average price of $141.66 and a 200-day moving average price of $140.58.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). The company had revenue of $9.51 billion for the quarter, compared to analysts’ expectations of $9.57 billion. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $3.52 EPS. Equities research analysts predict that Capital One Financial Co. will post 13.1 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date was Monday, August 12th. Capital One Financial’s payout ratio is 18.79%.

Analyst Ratings Changes

Several research firms recently weighed in on COF. Bank of America upped their price objective on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Evercore ISI decreased their price objective on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research report on Tuesday, June 25th. BTIG Research began coverage on shares of Capital One Financial in a research report on Friday, June 7th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday, July 8th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $150.00 price objective on shares of Capital One Financial in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Capital One Financial has an average rating of “Hold” and a consensus target price of $145.89.

Insider Buying and Selling

In related news, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $5,438,491.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $5,438,491.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the sale, the insider now directly owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

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.