Daymark Wealth Partners LLC Cuts Stock Position in Capital One Financial Co. (NYSE:COF)

Daymark Wealth Partners LLC trimmed its position in shares of Capital One Financial Co. (NYSE:COF) by 4.6% in the second quarter, HoldingsChannel.com reports. The fund owned 8,825 shares of the financial services provider’s stock after selling 429 shares during the period. Daymark Wealth Partners LLC’s holdings in Capital One Financial were worth $1,222,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. DeepCurrents Investment Group LLC acquired a new position in shares of Capital One Financial in the second quarter worth $1,937,000. Eminence Capital LP purchased a new position in Capital One Financial in the second quarter valued at $127,465,000. APG Asset Management N.V. grew its stake in Capital One Financial by 189.0% during the 2nd quarter. APG Asset Management N.V. now owns 43,576 shares of the financial services provider’s stock worth $5,629,000 after purchasing an additional 28,500 shares in the last quarter. AQR Capital Management LLC increased its holdings in Capital One Financial by 38.5% during the 2nd quarter. AQR Capital Management LLC now owns 485,606 shares of the financial services provider’s stock worth $66,441,000 after purchasing an additional 135,048 shares during the period. Finally, Ariel Investments LLC raised its position in Capital One Financial by 65.5% in the 2nd quarter. Ariel Investments LLC now owns 436,335 shares of the financial services provider’s stock valued at $60,411,000 after purchasing an additional 172,611 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

COF has been the topic of a number of recent research reports. BTIG Research began coverage on shares of Capital One Financial in a research note on Friday, June 7th. They set a “neutral” rating on the stock. Citigroup began coverage on shares of Capital One Financial in a research report on Friday, September 20th. They set a “buy” rating and a $190.00 price objective for the company. JPMorgan Chase & Co. increased their target price on Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a report on Monday, July 8th. Evercore ISI decreased their price target on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a report on Tuesday, June 25th. Finally, Jefferies Financial Group upgraded Capital One Financial from a “hold” rating to a “buy” rating and increased their price objective for the company from $145.00 to $165.00 in a report on Thursday, June 6th. One equities 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, the stock currently has an average rating of “Hold” and a consensus target price of $147.21.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $147.78 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00. Capital One Financial Co. has a one year low of $88.23 and a one year high of $154.18. The company has a 50-day simple moving average of $142.58 and a 200-day simple moving average of $141.14. The stock has a market capitalization of $56.19 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 1.21 and a beta of 1.44.

Capital One Financial (NYSE:COF) last posted 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). Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The company had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period in the previous year, the business posted $3.52 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, analysts predict that Capital One Financial Co. will post 12.91 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were given a $0.60 dividend. The ex-dividend date was Monday, August 12th. This represents a $2.40 dividend on an annualized basis and a yield of 1.62%. Capital One Financial’s dividend payout ratio (DPR) is 18.79%.

Insider Buying and Selling at Capital One Financial

In related news, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the transaction, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at $5,438,491.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the transaction, the insider now 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 corporate insiders.

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.