Destination Wealth Management Decreases Holdings in Capital One Financial Corporation $COF

Destination Wealth Management decreased its position in Capital One Financial Corporation (NYSE:COF) by 4.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 126,929 shares of the financial services provider’s stock after selling 5,249 shares during the quarter. Destination Wealth Management’s holdings in Capital One Financial were worth $26,983,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of COF. Howard Hughes Medical Institute bought a new position in Capital One Financial during the second quarter valued at approximately $29,000. WFA of San Diego LLC bought a new stake in shares of Capital One Financial in the 2nd quarter worth approximately $32,000. Crowley Wealth Management Inc. purchased a new stake in shares of Capital One Financial in the 3rd quarter valued at $33,000. Wolff Wiese Magana LLC grew its holdings in shares of Capital One Financial by 41.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 195 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 57 shares during the last quarter. Finally, Bell Investment Advisors Inc raised its position in 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 purchasing an additional 93 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insiders Place Their Bets

In related news, insider Neal Blinde sold 38,135 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $190.51, for a total transaction of $7,265,098.85. Following the completion of the transaction, the insider owned 33,551 shares in the company, valued at $6,391,801.01. This represents a 53.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jason P. Hanson sold 3,729 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $205.00, for a total value of $764,445.00. Following the completion of the sale, the insider directly owned 40,230 shares of the company’s stock, valued at $8,247,150. The trade was a 8.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 67,933 shares of company stock worth $14,363,897. Insiders own 1.26% of the company’s stock.

Capital One Financial Price Performance

COF stock opened at $179.76 on Monday. The stock has a market capitalization of $111.80 billion, a price-to-earnings ratio of 60.73, a PEG ratio of 0.54 and a beta of 1.14. The firm’s 50-day moving average price is $215.61 and its two-hundred day moving average price is $220.83. 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 Corporation has a 12-month low of $143.22 and a 12-month high of $259.64.

Capital One Financial (NYSE:COF) last posted its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share 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%.The firm’s quarterly revenue was up 53.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.67 EPS. As a group, equities analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th were issued a $0.80 dividend. The ex-dividend date was Thursday, February 19th. This represents a $3.20 annualized dividend and a yield of 1.8%. Capital One Financial’s dividend payout ratio (DPR) is 108.11%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on COF. Barclays lowered their price target on shares of Capital One Financial from $294.00 to $287.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Wolfe Research decreased their price objective on Capital One Financial from $294.00 to $280.00 and set an “outperform” rating on the stock in a report on Friday, January 23rd. Evercore decreased their price objective on Capital One Financial from $290.00 to $265.00 and set an “outperform” rating on the stock in a report on Tuesday, January 27th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $275.00 target price on shares of Capital One Financial in a research note on Monday, January 12th. Finally, Wall Street Zen cut Capital One Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and an average target price of $274.70.

Capital One Financial Company 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.