Zurcher Kantonalbank Zurich Cantonalbank Decreases Position in Capital One Financial Co. (NYSE:COF)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of Capital One Financial Co. (NYSE:COF) by 16.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 228,633 shares of the financial services provider’s stock after selling 44,886 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.06% of Capital One Financial worth $34,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. CreativeOne Wealth LLC increased its stake in Capital One Financial by 16.7% during the 3rd quarter. CreativeOne Wealth LLC now owns 2,087 shares of the financial services provider’s stock valued at $313,000 after purchasing an additional 298 shares in the last quarter. Glenmede Trust Co. NA increased its position in shares of Capital One Financial by 11.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 54,644 shares of the financial services provider’s stock valued at $8,182,000 after acquiring an additional 5,819 shares during the period. Bridgewater Associates LP lifted its position in Capital One Financial by 100.0% during the 3rd quarter. Bridgewater Associates LP now owns 87,650 shares of the financial services provider’s stock worth $13,124,000 after acquiring an additional 43,818 shares during the period. Townsquare Capital LLC boosted its holdings in shares of Capital One Financial by 13.8% in the 3rd quarter. Townsquare Capital LLC now owns 16,704 shares of the financial services provider’s stock valued at $2,501,000 after acquiring an additional 2,032 shares during the last quarter. Finally, Baldwin Investment Management LLC boosted its holdings in Capital One Financial by 0.6% in the third quarter. Baldwin Investment Management LLC now owns 12,215 shares of the financial services provider’s stock valued at $1,829,000 after purchasing an additional 70 shares during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Trading Down 0.1 %

Shares of Capital One Financial stock opened at $191.29 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 company has a fifty day simple moving average of $165.78 and a 200-day simple moving average of $149.10. The stock has a market cap of $72.98 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 1.40 and a beta of 1.43. Capital One Financial Co. has a 12-month low of $106.14 and a 12-month high of $198.30.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (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 firm posted $4.45 earnings per share. Capital One Financial’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities analysts forecast that Capital One Financial Co. will post 13.54 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were paid a dividend of $0.60 per share. The ex-dividend date was Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a yield of 1.25%. Capital One Financial’s dividend payout ratio is presently 22.66%.

Insiders Place Their Bets

In other Capital One Financial news, insider Frank G. LapradeIii sold 15,751 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 44,711 shares of the company’s stock, valued at approximately $7,153,760. This trade represents a 26.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael Zamsky sold 10,541 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were 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 of the company’s stock, valued at $5,038,465.32. The trade was a 28.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,007 shares of company stock valued at $4,982,647 over the last quarter. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

COF has been the subject of a number of analyst reports. Barclays upped their price target on Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Royal Bank of Canada boosted their target price on Capital One Financial from $150.00 to $160.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Evercore ISI increased their price target on Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price target on shares of Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. Finally, The Goldman Sachs Group upped their target price on shares of Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $160.18.

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.