Voya Investment Management LLC Reduces Stock Position in Capital One Financial Corporation $COF

Voya Investment Management LLC trimmed its holdings in Capital One Financial Corporation (NYSE:COF) by 5.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,263,550 shares of the financial services provider’s stock after selling 123,477 shares during the period. Voya Investment Management LLC’s holdings in Capital One Financial were worth $481,186,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Eagle Bay Advisors LLC boosted its holdings in shares of Capital One Financial by 3.6% in the second quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the financial services provider’s stock worth $299,000 after acquiring an additional 49 shares during the period. Cantor Fitzgerald Investment Advisors L.P. lifted its holdings in Capital One Financial by 0.3% during the 2nd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 16,603 shares of the financial services provider’s stock worth $3,532,000 after purchasing an additional 50 shares in the last quarter. Atlantic Edge Private Wealth Management LLC lifted its holdings in Capital One Financial by 66.7% during the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 50 shares in the last quarter. Culbertson A N & Co. Inc. boosted its stake in Capital One Financial by 0.4% in the 2nd quarter. Culbertson A N & Co. Inc. now owns 11,365 shares of the financial services provider’s stock worth $2,418,000 after purchasing an additional 50 shares during the period. Finally, TFB Advisors LLC grew its holdings in Capital One Financial by 3.4% during the 1st quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider’s stock valued at $276,000 after buying an additional 51 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on COF shares. Jefferies Financial Group increased their price target on shares of Capital One Financial from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Barclays upped their target price on shares of Capital One Financial from $257.00 to $271.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. The Goldman Sachs Group raised their price target on shares of Capital One Financial from $266.00 to $276.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. BTIG Research restated a “buy” rating and set a $264.00 price target on shares of Capital One Financial in a research report on Wednesday, October 22nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $280.00 price target on shares of Capital One Financial in a report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $264.25.

Capital One Financial Price Performance

COF stock opened at $242.67 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $244.82. The stock has a market cap of $154.27 billion, a PE ratio of 102.39, a P/E/G ratio of 0.55 and a beta of 1.16. The firm has a 50 day simple moving average of $220.07 and a two-hundred day simple moving average of $216.32.

Capital One Financial (NYSE:COF) last posted 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, analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.3%. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, November 17th. Capital One Financial’s dividend payout ratio is presently 135.02%.

Insider Transactions at Capital One Financial

In related news, insider Frank G. LapradeIii sold 17,840 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider owned 48,315 shares in the company, valued at $10,727,379.45. The trade was a 26.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Lia Dean sold 3,269 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $218.15, for a total value of $713,132.35. Following the completion of the sale, the insider directly owned 69,855 shares of the company’s stock, valued at approximately $15,238,868.25. This represents a 4.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 280,218 shares of company stock worth $62,395,804. Company insiders own 1.26% of the company’s stock.

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.