AMG National Trust Bank Sells 6,001 Shares of Capital One Financial Co. (NYSE:COF)

AMG National Trust Bank lessened its holdings in Capital One Financial Co. (NYSE:COF) by 25.1% in the third quarter, Holdings Channel reports. The firm owned 17,947 shares of the financial services provider’s stock after selling 6,001 shares during the period. AMG National Trust Bank’s holdings in Capital One Financial were worth $2,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in COF. LRI Investments LLC bought a new position in shares of Capital One Financial during the 1st quarter valued at approximately $25,000. Y.D. More Investments Ltd purchased a new position in shares of Capital One Financial during the 2nd quarter valued at $28,000. Hobbs Group Advisors LLC bought a new stake in Capital One Financial during the second quarter valued at $29,000. Unique Wealth Strategies LLC bought a new stake in shares of Capital One Financial during the 2nd quarter valued at about $36,000. Finally, Catalyst Capital Advisors LLC purchased a new position in Capital One Financial in the 3rd quarter worth approximately $36,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

Shares of COF opened at $182.86 on Tuesday. Capital One Financial Co. has a fifty-two week low of $105.39 and a fifty-two week high of $198.30. The firm’s 50-day simple moving average is $158.54 and its two-hundred day simple moving average is $146.68. The stock has a market cap of $69.76 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 1.37 and a beta of 1.43. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.81. The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.45 EPS. Analysts anticipate that Capital One Financial Co. will post 13.54 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Thursday, November 14th. Capital One Financial’s dividend payout ratio is presently 22.66%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Robert W. Baird raised their price objective on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Barclays upped 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. Royal Bank of Canada lifted their target price on shares of Capital One Financial from $150.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Evercore ISI upped their price target on shares of Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Finally, Bank of America lifted their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $156.35.

Insiders Place Their Bets

In related news, insider Frank G. LapradeIii sold 15,751 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the transaction, the insider now directly owns 44,711 shares in the company, valued at $7,153,760. The trade was a 26.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total value of $323,765.78. Following the sale, the insider now owns 19,776 shares in the company, valued at approximately $3,211,029.12. This represents a 9.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,007 shares of company stock valued at $4,982,647. Insiders own 1.30% of the company’s stock.

Capital One Financial 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.