Janney Montgomery Scott LLC Sells 12,868 Shares of Capital One Financial Corporation $COF

Janney Montgomery Scott LLC trimmed its position in shares of Capital One Financial Corporation (NYSE:COF) by 9.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,966 shares of the financial services provider’s stock after selling 12,868 shares during the period. Janney Montgomery Scott LLC’s holdings in Capital One Financial were worth $25,271,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of COF. Brighton Jones LLC boosted its stake in Capital One Financial by 330.1% in the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after buying an additional 10,428 shares in the last quarter. Intech Investment Management LLC raised its stake in shares of Capital One Financial by 44.3% during the first quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider’s stock worth $1,608,000 after acquiring an additional 2,753 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of Capital One Financial by 118.3% during the second quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider’s stock worth $702,000 after acquiring an additional 1,788 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in shares of Capital One Financial in the 2nd quarter worth approximately $218,000. Finally, Jump Financial LLC bought a new stake in shares of Capital One Financial in the 2nd quarter worth approximately $1,086,000. Institutional investors own 89.84% of the company’s stock.

Insiders Place Their Bets

In other Capital One Financial news, insider Michael Zamsky sold 5,473 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $218.02, for a total value of $1,193,223.46. Following the completion of the sale, the insider owned 27,992 shares in the company, valued at approximately $6,102,815.84. This trade represents a 16.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ravi Raghu sold 9,726 shares of Capital One Financial stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $209.78, for a total value of $2,040,320.28. Following the completion of the sale, the insider owned 26,328 shares in the company, valued at approximately $5,523,087.84. This represents a 26.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 22,186 shares of company stock worth $4,697,301 in the last quarter. 0.78% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on COF. JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $215.00 to $245.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. BTIG Research lifted their target price on shares of Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Barclays lowered their price target on shares of Capital One Financial from $242.00 to $240.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. UBS Group upped their price target on shares of Capital One Financial from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Capital One Financial from $256.00 to $250.00 and set a “hold” rating on the stock in a research note on Wednesday, April 22nd. Twenty-one research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Capital One Financial presently has an average rating of “Moderate Buy” and an average target price of $259.36.

Capital One Financial Price Performance

Shares of Capital One Financial stock opened at $227.19 on Friday. The firm has a market cap of $139.37 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 0.84 and a beta of 1.02. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. The company’s fifty day simple moving average is $204.93 and its two-hundred day simple moving average is $198.21.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating the consensus estimate of $4.79 by $1.02. The firm had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The company’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.48 earnings per share. As a group, equities analysts expect that Capital One Financial Corporation will post 20.19 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.4%. Capital One Financial’s dividend payout ratio (DPR) is presently 19.80%.

Capital One Financial Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.