Empower Advisory Group LLC Decreases Stock Position in Capital One Financial Co. (NYSE:COF)

Empower Advisory Group LLC trimmed its position in shares of Capital One Financial Co. (NYSE:COF) by 12.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,144 shares of the financial services provider’s stock after selling 442 shares during the quarter. Empower Advisory Group LLC’s holdings in Capital One Financial were worth $471,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Asset Management One Co. Ltd. grew its holdings in Capital One Financial by 5.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 146,769 shares of the financial services provider’s stock valued at $21,976,000 after purchasing an additional 7,331 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Capital One Financial in the third quarter worth approximately $1,649,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of 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 acquiring an additional 4,840 shares during the last quarter. Twin Tree Management LP lifted its stake in shares of Capital One Financial by 5.6% during the 1st quarter. Twin Tree Management LP now owns 68,504 shares of the financial services provider’s stock worth $10,200,000 after acquiring an additional 3,609 shares during the last quarter. Finally, Clear Harbor Asset Management LLC purchased a new position in Capital One Financial during the 2nd quarter valued at $511,000. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $183.00 on Friday. Capital One Financial Co. has a one year low of $104.21 and a one year high of $198.30. The company has a market capitalization of $69.82 billion, a PE ratio of 17.28, a P/E/G ratio of 1.39 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. The company has a 50-day simple moving average of $156.00 and a two-hundred day simple moving average of $145.81.

Capital One Financial (NYSE:COF) last posted its earnings results on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $9.88 billion. During the same quarter in the prior year, the company posted $4.45 earnings per share. Capital One Financial’s revenue for the quarter was up 6.8% compared to the same quarter last year. Research analysts expect that Capital One Financial Co. will post 13.46 EPS 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. Investors of record on Thursday, November 14th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $2.40 annualized dividend and a yield of 1.31%. Capital One Financial’s dividend payout ratio (DPR) is 22.66%.

Analysts Set New Price Targets

Several research firms have recently weighed in on COF. Bank of America lifted their target price on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Royal Bank of Canada boosted their price objective on shares of Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their target price on shares of Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Barclays lifted their price target 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. Finally, Robert W. Baird increased their price objective on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $156.35.

Insider Activity at Capital One Financial

In other news, insider Mark Daniel Mouadeb sold 1,994 shares of Capital One Financial stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total transaction of $323,765.78. Following the completion of the sale, the insider now directly owns 19,776 shares in the company, valued at approximately $3,211,029.12. The trade was a 9.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Frank G. LapradeIii sold 15,751 shares of the company’s stock in a transaction 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 approximately $7,153,760. The trade was a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,007 shares of company stock valued at $4,982,647 in the last ninety days. Corporate insiders own 1.30% of the company’s stock.

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.