Oppenheimer & Co. Inc. Sells 6,544 Shares of Capital One Financial Co. (NYSE:COF)

Oppenheimer & Co. Inc. reduced its stake in Capital One Financial Co. (NYSE:COF) by 23.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 21,225 shares of the financial services provider’s stock after selling 6,544 shares during the period. Oppenheimer & Co. Inc.’s holdings in Capital One Financial were worth $3,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Capital One Financial by 21.4% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 27,493 shares of the financial services provider’s stock worth $4,093,000 after purchasing an additional 4,840 shares during the last quarter. SageView Advisory Group LLC bought a new stake in shares of Capital One Financial in the first quarter valued at about $313,000. Blair William & Co. IL grew its stake in shares of Capital One Financial by 1.2% in the first quarter. Blair William & Co. IL now owns 21,612 shares of the financial services provider’s stock valued at $3,218,000 after acquiring an additional 259 shares in the last quarter. Orion Portfolio Solutions LLC increased its position in Capital One Financial by 5.6% during the first quarter. Orion Portfolio Solutions LLC now owns 14,841 shares of the financial services provider’s stock worth $2,210,000 after acquiring an additional 792 shares during the period. Finally, Vanguard Group Inc. raised its stake in Capital One Financial by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 30,893,408 shares of the financial services provider’s stock worth $4,599,720,000 after purchasing an additional 226,720 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

Insider Activity at Capital One Financial

In related news, insider Frank G. LapradeIii sold 15,751 shares of the stock in a transaction dated 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 transaction, the insider now owns 44,711 shares in the company, valued at approximately $7,153,760. This represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Zamsky sold 10,541 shares of Capital One Financial stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the sale, the insider now directly owns 26,482 shares in the company, valued at approximately $5,038,465.32. This represents a 28.47 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,007 shares of company stock valued at $4,982,647. 1.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on COF shares. Bank of America lifted their price objective on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Barclays increased their price objective on shares of Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Citigroup began coverage on Capital One Financial in a research note on Friday, September 20th. They set a “buy” rating and a $190.00 price target on the stock. Robert W. Baird lifted their price target on shares of Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, Royal Bank of Canada upped their target price on Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Capital One Financial currently has an average rating of “Hold” and a consensus price target of $156.35.

Capital One Financial Trading Up 1.2 %

Shares of Capital One Financial stock opened at $185.12 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78. The stock has a fifty day simple moving average of $156.81 and a 200 day simple moving average of $146.06. Capital One Financial Co. has a 12-month low of $104.21 and a 12-month high of $198.30. The company has a market capitalization of $70.62 billion, a P/E ratio of 17.48, a price-to-earnings-growth ratio of 1.38 and a beta of 1.43.

Capital One Financial (NYSE:COF) last announced its 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 company had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.88 billion. During the same quarter in the prior year, the company posted $4.45 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, sell-side analysts anticipate that Capital One Financial Co. will post 13.46 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.30%. Capital One Financial’s payout ratio is presently 22.66%.

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.