Capital One Financial Corporation $COF Stock Position Reduced by Richard Bernstein Advisors LLC

Richard Bernstein Advisors LLC lowered its position in Capital One Financial Corporation (NYSE:COF) by 57.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,488 shares of the financial services provider’s stock after selling 8,680 shares during the period. Richard Bernstein Advisors LLC’s holdings in Capital One Financial were worth $1,379,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of COF. Howard Hughes Medical Institute acquired a new position in Capital One Financial in the 2nd quarter valued at $29,000. WFA of San Diego LLC bought a new position in Capital One Financial during the second quarter valued at about $32,000. Crowley Wealth Management Inc. bought a new stake in shares of Capital One Financial during the third quarter valued at approximately $33,000. Wolff Wiese Magana LLC raised its position in Capital One Financial by 41.3% in the third quarter. Wolff Wiese Magana LLC now owns 195 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 57 shares in the last quarter. Finally, Bell Investment Advisors Inc raised its holdings in shares of Capital One Financial by 86.9% in the 2nd quarter. Bell Investment Advisors Inc now owns 200 shares of the financial services provider’s stock worth $43,000 after buying an additional 93 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

NYSE:COF opened at $184.93 on Wednesday. The stock has a 50 day simple moving average of $219.49 and a 200 day simple moving average of $221.76. The stock has a market cap of $115.01 billion, a P/E ratio of 62.47, a PEG ratio of 0.56 and a beta of 1.14. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $259.64. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.During the same quarter in the prior year, the business earned $2.67 EPS. Capital One Financial’s revenue for the quarter was up 53.3% on a year-over-year basis. Research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Thursday, February 19th. Capital One Financial’s dividend payout ratio is presently 108.11%.

Insider Activity

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $250.00, for a total transaction of $500,000.00. Following the completion of the transaction, the general counsel owned 92,486 shares of the company’s stock, valued at $23,121,500. This trade represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Celia Karam sold 2,108 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $218.25, for a total value of $460,071.00. Following the transaction, the insider owned 59,269 shares in the company, valued at $12,935,459.25. The trade was a 3.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 67,933 shares of company stock valued at $14,363,897. 1.26% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on COF. The Goldman Sachs Group restated a “buy” rating and issued a $300.00 target price on shares of Capital One Financial in a research note on Tuesday, January 6th. Citigroup raised their price objective on Capital One Financial from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, December 31st. Morgan Stanley lifted their price target on shares of Capital One Financial from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Zacks Research cut shares of Capital One Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Finally, Jefferies Financial Group increased their price objective on Capital One Financial from $265.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Capital One Financial currently has an average rating of “Moderate Buy” and an average price target of $274.70.

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.