Prime Capital Investment Advisors LLC Has $705,000 Holdings in Capital One Financial Co. (NYSE:COF)

Prime Capital Investment Advisors LLC trimmed its holdings in Capital One Financial Co. (NYSE:COF) by 29.6% in the 3rd quarter, Holdings Channel reports. The fund owned 4,710 shares of the financial services provider’s stock after selling 1,980 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Capital One Financial were worth $705,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of COF. LRI Investments LLC bought a new stake in Capital One Financial in the 1st quarter valued at $25,000. Y.D. More Investments Ltd acquired a new position in shares of Capital One Financial during the second quarter valued at about $28,000. Hobbs Group Advisors LLC bought a new stake in shares of Capital One Financial in the second quarter valued at about $29,000. Unique Wealth Strategies LLC bought a new stake in shares of Capital One Financial in the second quarter valued at about $36,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Capital One Financial during the third quarter worth about $36,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price 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. Evercore ISI upped their price objective on shares of 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. Royal Bank of Canada lifted their target price on shares of Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Bank of America increased their price target on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, Citigroup initiated coverage on Capital One Financial in a research note on Friday, September 20th. They issued a “buy” rating and a $190.00 price objective on the stock. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $156.35.

Insiders Place Their Bets

In related news, insider Frank G. LapradeIii sold 15,751 shares of Capital One Financial stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $160.00, for a total value of $2,520,160.00. Following the sale, the insider now owns 44,711 shares of the company’s stock, valued at approximately $7,153,760. The trade was a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total value of $323,765.78. Following the transaction, the insider now directly owns 19,776 shares of the company’s stock, valued at $3,211,029.12. This trade represents a 9.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,007 shares of company stock valued at $4,982,647 in the last three months. 1.30% of the stock is currently owned by corporate insiders.

Capital One Financial Stock Up 1.2 %

Shares of Capital One Financial stock opened at $185.12 on Friday. Capital One Financial Co. has a 1 year low of $104.21 and a 1 year high of $198.30. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $70.62 billion, a P/E ratio of 17.40, a price-to-earnings-growth ratio of 1.38 and a beta of 1.43. The business has a 50-day moving average of $156.81 and a two-hundred day moving average of $146.06.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.81. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.45 earnings per share. As a group, equities analysts predict that Capital One Financial Co. will post 13.46 EPS for the current year.

Capital One Financial Dividend Announcement

The firm 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. This represents a $2.40 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, November 14th. Capital One Financial’s dividend payout ratio (DPR) 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.