Pinnacle Financial Partners Inc Sells 90,213 Shares of Capital One Financial Co. (NYSE:COF)

Pinnacle Financial Partners Inc lessened its stake in shares of Capital One Financial Co. (NYSE:COF) by 86.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,777 shares of the financial services provider’s stock after selling 90,213 shares during the period. Pinnacle Financial Partners Inc’s holdings in Capital One Financial were worth $2,063,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of COF. Vanguard Group Inc. increased its position in Capital One Financial by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 30,893,408 shares of the financial services provider’s stock valued at $4,599,720,000 after buying an additional 226,720 shares in the last quarter. Capital Research Global Investors raised its position in shares of Capital One Financial by 72.8% during the first quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock worth $3,145,761,000 after purchasing an additional 8,900,241 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of Capital One Financial by 5.5% in the 2nd quarter. Clearbridge Investments LLC now owns 3,663,439 shares of the financial services provider’s stock worth $507,203,000 after purchasing an additional 189,843 shares in the last quarter. Legal & General Group Plc grew its position in Capital One Financial by 2.5% in the 2nd quarter. Legal & General Group Plc now owns 3,331,196 shares of the financial services provider’s stock valued at $461,204,000 after purchasing an additional 79,908 shares during the period. Finally, Janus Henderson Group PLC increased its stake in Capital One Financial by 0.5% during the 1st quarter. Janus Henderson Group PLC now owns 1,216,724 shares of the financial services provider’s stock valued at $181,155,000 after purchasing an additional 5,473 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $185.46 on Thursday. Capital One Financial Co. has a 12 month low of $104.21 and a 12 month high of $198.30. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78. The stock has a market cap of $70.75 billion, a P/E ratio of 17.51, a P/E/G ratio of 1.39 and a beta of 1.43. The company has a 50 day moving average of $155.16 and a 200 day moving average of $145.53.

Capital One Financial (NYSE:COF) last announced its earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.81. The business had revenue of $10 billion for 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%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $4.45 EPS. As a group, sell-side analysts forecast that Capital One Financial Co. will post 13.46 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced 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. The ex-dividend date is Thursday, November 14th. This represents a $2.40 annualized dividend and a yield of 1.29%. Capital One Financial’s dividend payout ratio (DPR) is presently 22.66%.

Insider Activity at Capital One Financial

In other news, insider Kara West sold 721 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $184.73, for a total transaction of $133,190.33. Following the transaction, the insider now directly owns 12,929 shares in the company, valued at approximately $2,388,374.17. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Mark Daniel Mouadeb sold 1,994 shares of the business’s stock in a transaction dated 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 owns 19,776 shares of the company’s stock, valued at approximately $3,211,029.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kara West sold 721 shares of Capital One Financial stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $184.73, for a total value of $133,190.33. Following the completion of the transaction, the insider now directly owns 12,929 shares in the company, valued at $2,388,374.17. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,466 shares of company stock valued at $2,977,116 over the last 90 days. 1.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

COF has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on shares of Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Robert W. Baird lifted their price target on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Barclays upped their price target on Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Bank of America lifted their price objective on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, Royal Bank of Canada raised their price target on shares of Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $156.35.

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.