Capital One Financial Corporation $COF Position Reduced by Dorsey Wright & Associates

Dorsey Wright & Associates reduced its position in Capital One Financial Corporation (NYSE:COF) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,682 shares of the financial services provider’s stock after selling 561 shares during the period. Dorsey Wright & Associates’ holdings in Capital One Financial were worth $2,485,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. TD Waterhouse Canada Inc. grew its position in Capital One Financial by 547.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 15,319 shares of the financial services provider’s stock worth $3,294,000 after purchasing an additional 12,952 shares in the last quarter. VSM Wealth Advisory LLC acquired a new stake in shares of Capital One Financial in the second quarter worth $110,000. Renaissance Group LLC acquired a new stake in shares of Capital One Financial in the second quarter worth $431,000. FineMark National Bank & Trust grew its holdings in shares of Capital One Financial by 3.3% during the second quarter. FineMark National Bank & Trust now owns 17,040 shares of the financial services provider’s stock valued at $3,625,000 after buying an additional 538 shares in the last quarter. Finally, Primecap Management Co. CA acquired a new position in Capital One Financial during the second quarter valued at $116,022,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Price Performance

Shares of COF opened at $200.61 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $127.53 billion, a PE ratio of 84.64, a PEG ratio of 0.70 and a beta of 1.19. The firm’s 50 day moving average price is $217.89 and its 200 day moving average price is $211.42. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45.

Capital One Financial (NYSE:COF) last posted its earnings results on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. The company had revenue of $15.46 billion during the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. As a group, research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, November 17th. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 annualized dividend and a yield of 1.6%. Capital One Financial’s dividend payout ratio (DPR) is currently 135.02%.

Insider Buying and Selling

In related news, insider Frank G. LapradeIii sold 17,840 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $222.03, for a total value of $3,961,015.20. Following the transaction, the insider directly owned 48,315 shares of the company’s stock, valued at approximately $10,727,379.45. This trade represents a 26.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard D. Fairbank sold 103,487 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $220.68, for a total value of $22,837,511.16. Following the completion of the sale, the chief executive officer owned 4,001,228 shares of the company’s stock, valued at approximately $882,990,995.04. This trade represents a 2.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 274,013 shares of company stock valued at $61,045,903 in the last three months. 1.26% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on COF shares. Rothschild & Co Redburn initiated coverage on Capital One Financial in a research report on Friday, August 1st. They set a “buy” rating and a $290.00 price objective for the company. TD Cowen increased their price target on shares of Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Wells Fargo & Company boosted their price objective on shares of Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Morgan Stanley increased their target price on shares of Capital One Financial from $267.00 to $272.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Finally, Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average price target of $261.63.

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.