CWA Asset Management Group LLC Sells 9,000 Shares of Capital One Financial Co. (NYSE:COF)

CWA Asset Management Group LLC trimmed its position in shares of Capital One Financial Co. (NYSE:COF) by 81.7% in the fourth quarter, Holdings Channel reports. The fund owned 2,016 shares of the financial services provider’s stock after selling 9,000 shares during the quarter. CWA Asset Management Group LLC’s holdings in Capital One Financial were worth $359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nordea Investment Management AB grew its holdings in Capital One Financial by 6.6% in the 4th quarter. Nordea Investment Management AB now owns 30,441 shares of the financial services provider’s stock valued at $5,436,000 after buying an additional 1,877 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Capital One Financial by 48.1% in the fourth quarter. Versant Capital Management Inc now owns 640 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 208 shares during the period. Old Port Advisors bought a new position in Capital One Financial during the fourth quarter worth $220,000. Principal Financial Group Inc. raised its stake in Capital One Financial by 4.3% during the 3rd 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 during the last quarter. Finally, Franklin Resources Inc. raised its stake in Capital One Financial by 2.8% during the 3rd quarter. Franklin Resources Inc. now owns 10,387,265 shares of the financial services provider’s stock valued at $1,649,488,000 after purchasing an additional 280,462 shares during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Capital One Financial

In related news, insider Frank G. LapradeIii sold 15,751 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the completion of the sale, the insider now directly owns 44,711 shares of the company’s stock, valued at $7,153,760. The trade was a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Michael Zamsky sold 10,541 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were 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 directly owns 26,482 shares in the company, valued at approximately $5,038,465.32. The trade was a 28.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,007 shares of company stock worth $4,982,647 over the last 90 days. 1.30% of the stock is owned by insiders.

Capital One Financial Stock Down 1.1 %

Shares of NYSE COF opened at $179.84 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78. The company has a market cap of $68.56 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 1.36 and a beta of 1.46. Capital One Financial Co. has a 12-month low of $123.23 and a 12-month high of $198.30. The firm’s 50-day simple moving average is $182.32 and its 200 day simple moving average is $158.16.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, beating the consensus estimate of $3.70 by $0.81. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The business had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.88 billion. During the same period in the prior year, the firm earned $4.45 earnings per share. Capital One Financial’s revenue was up 6.8% compared to the same quarter last year. On average, research analysts expect that Capital One Financial Co. will post 13.54 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.33%. Capital One Financial’s payout ratio is currently 22.66%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on COF. Wells Fargo & Company boosted their price objective on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Bank of America lowered Capital One Financial from a “buy” rating to a “neutral” rating and lowered their price target for the company from $203.00 to $200.00 in a research note on Monday, December 9th. Robert W. Baird raised their price objective on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Royal Bank of Canada boosted their price objective on Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Finally, Keefe, Bruyette & Woods raised their target price on Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $181.12.

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.