Everence Capital Management Inc. Sells 3,030 Shares of Capital One Financial Co. (NYSE:COF)

Everence Capital Management Inc. reduced its position in shares of Capital One Financial Co. (NYSE:COF) by 23.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,850 shares of the financial services provider’s stock after selling 3,030 shares during the quarter. Everence Capital Management Inc.’s holdings in Capital One Financial were worth $1,756,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of COF. Versant Capital Management Inc raised its holdings in Capital One Financial by 48.1% in the 4th quarter. Versant Capital Management Inc now owns 640 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 208 shares during the last quarter. Old Port Advisors purchased a new position in shares of Capital One Financial in the fourth quarter worth $220,000. Principal Financial Group Inc. lifted its holdings in shares of Capital One Financial by 4.3% during the third quarter. Principal Financial Group Inc. now owns 430,654 shares of the financial services provider’s stock valued at $64,482,000 after purchasing an additional 17,825 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Capital One Financial by 2.8% during the third quarter. Franklin Resources Inc. now owns 10,387,265 shares of the financial services provider’s stock valued at $1,649,488,000 after buying an additional 280,462 shares during the last quarter. Finally, Tidal Investments LLC increased its holdings in Capital One Financial by 10.8% in the 3rd quarter. Tidal Investments LLC now owns 20,482 shares of the financial services provider’s stock worth $3,067,000 after buying an additional 1,994 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on COF shares. Keefe, Bruyette & Woods raised their price target on shares of Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Wells Fargo & Company lifted their target price on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday. JPMorgan Chase & Co. increased their price target on Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a report on Monday, December 9th. Robert W. Baird lifted their price objective on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, Bank of America downgraded Capital One Financial from a “buy” rating to a “neutral” rating and lowered their target price for the company from $203.00 to $200.00 in a report on Monday, December 9th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $174.31.

Capital One Financial Stock Up 1.0 %

COF opened at $180.43 on Friday. The stock has a market cap of $68.84 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 1.36 and a beta of 1.45. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00. The firm’s fifty day moving average is $180.94 and its 200 day moving average is $156.79. Capital One Financial Co. has a fifty-two week low of $123.23 and a fifty-two week high of $198.30.

Capital One Financial (NYSE:COF) last released its earnings results 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. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The firm had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.88 billion. During the same quarter last year, the business posted $4.45 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis. On average, sell-side analysts forecast that Capital One Financial Co. will post 13.54 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s dividend payout ratio (DPR) is presently 22.66%.

Insider Buying and Selling

In other Capital One Financial news, insider Michael Zamsky sold 10,541 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the transaction, the insider now owns 26,482 shares in the company, valued at $5,038,465.32. This trade represents a 28.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Frank G. LapradeIii sold 15,751 shares of the company’s stock in a transaction that occurred on 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 directly owns 44,711 shares in the company, valued at $7,153,760. This trade represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,007 shares of company stock worth $4,982,647. 1.30% of the stock is owned by insiders.

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.