Whitener Capital Management Inc. Has $1.10 Million Position in Capital One Financial Co. (NYSE:COF)

Whitener Capital Management Inc. reduced its holdings in Capital One Financial Co. (NYSE:COF) by 3.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,179 shares of the financial services provider’s stock after selling 200 shares during the period. Whitener Capital Management Inc.’s holdings in Capital One Financial were worth $1,102,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. State Street Corp increased its stake in Capital One Financial by 0.5% in the third quarter. State Street Corp now owns 16,506,861 shares of the financial services provider’s stock valued at $2,471,572,000 after purchasing an additional 74,784 shares in the last quarter. Franklin Resources Inc. increased its stake in Capital One Financial by 2.8% in the third quarter. Franklin Resources Inc. now owns 10,387,265 shares of the financial services provider’s stock valued at $1,649,488,000 after purchasing an additional 280,462 shares in the last quarter. Fisher Asset Management LLC increased its stake in Capital One Financial by 0.7% in the third quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider’s stock valued at $1,451,527,000 after purchasing an additional 72,097 shares in the last quarter. Geode Capital Management LLC increased its stake in Capital One Financial by 2.0% in the third quarter. Geode Capital Management LLC now owns 8,020,160 shares of the financial services provider’s stock valued at $1,198,664,000 after purchasing an additional 159,616 shares in the last quarter. Finally, FMR LLC increased its stake in Capital One Financial by 21.4% in the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock valued at $994,350,000 after purchasing an additional 1,169,395 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Capital One Financial

In related news, insider Michael Zamsky sold 10,541 shares of the firm’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 transaction, the insider now directly owns 26,482 shares of the company’s stock, valued at approximately $5,038,465.32. This trade represents a 28.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total transaction of $323,765.78. Following the transaction, the insider now directly 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. In the last 90 days, insiders sold 13,256 shares of company stock worth $2,462,487. 1.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on COF. Truist Financial began coverage on shares of Capital One Financial in a research note on Tuesday, January 7th. They issued a “buy” rating and a $229.00 target price for the company. Bank of America downgraded shares of Capital One Financial from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $203.00 to $200.00 in a research report on Monday, December 9th. UBS Group raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $168.00 to $235.00 in a research report on Monday, January 13th. Royal Bank of Canada increased their price objective 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. Finally, Robert W. Baird increased their price objective on shares of Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $188.06.

Capital One Financial Stock Performance

Shares of COF stock opened at $191.16 on Friday. The stock has a market cap of $72.88 billion, a P/E ratio of 18.05, a P/E/G ratio of 1.12 and a beta of 1.46. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00. The company has a fifty day moving average price of $183.71 and a two-hundred day moving average price of $159.96. Capital One Financial Co. has a one year low of $123.23 and a one year high of $198.30.

Capital One Financial (NYSE:COF) last posted its earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.81. The company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. Capital One Financial’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $4.45 EPS. As a group, equities analysts predict that Capital One Financial Co. will post 13.41 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Thursday, November 14th. Capital One Financial’s dividend payout ratio is presently 22.66%.

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.