Rockefeller Capital Management L.P. Decreases Stock Position in Capital One Financial Corporation $COF

Rockefeller Capital Management L.P. trimmed its position in shares of Capital One Financial Corporation (NYSE:COF) by 4.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,388 shares of the financial services provider’s stock after selling 3,936 shares during the period. Rockefeller Capital Management L.P.’s holdings in Capital One Financial were worth $16,465,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC grew its stake in shares of Capital One Financial by 588,668.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock valued at $24,988,129,000 after acquiring an additional 117,427,549 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Capital One Financial by 64.1% in the second quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock worth $2,970,628,000 after acquiring an additional 5,474,328 shares in the last quarter. Boston Partners purchased a new position in Capital One Financial in the second quarter valued at about $533,486,000. Diamond Hill Capital Management Inc. acquired a new stake in Capital One Financial during the 1st quarter valued at approximately $381,848,000. Finally, Bank of New York Mellon Corp increased its holdings in Capital One Financial by 41.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,011,073 shares of the financial services provider’s stock worth $1,491,676,000 after purchasing an additional 2,050,010 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Buying and Selling

In other Capital One Financial news, insider Frank G. LapradeIii sold 17,840 shares of the stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $222.03, for a total value of $3,961,015.20. Following the sale, the insider directly owned 48,315 shares of the company’s stock, valued at $10,727,379.45. This trade represents a 26.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Neal Blinde sold 43,200 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $221.83, for a total transaction of $9,583,056.00. Following the transaction, the insider directly owned 73,020 shares of the company’s stock, valued at approximately $16,198,026.60. This trade represents a 37.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 274,013 shares of company stock valued at $61,045,903 in the last 90 days. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Trading Down 0.2%

Capital One Financial stock opened at $200.61 on Wednesday. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. The firm’s 50-day moving average is $217.89 and its 200-day moving average is $211.42. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $127.53 billion, a P/E ratio of 84.64, a PEG ratio of 0.70 and a beta of 1.19.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The firm had revenue of $15.46 billion for the quarter. On average, equities analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be given a dividend of $0.80 per share. The ex-dividend date is Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s payout ratio is presently 135.02%.

Analysts Set New Price Targets

Several research firms have recently commented on COF. Citigroup increased their target price on Capital One Financial from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Royal Bank Of Canada increased their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 23rd. TD Cowen raised their price objective on shares of Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a report on Monday, October 6th. JPMorgan Chase & Co. upped their target price on shares of Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Finally, Redburn Atlantic upgraded Capital One Financial to a “strong-buy” rating in a research note on Friday, August 1st. Four research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Capital One Financial presently has a consensus rating of “Moderate Buy” and an average price target of $261.63.

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.