Ashton Thomas Private Wealth LLC Trims Holdings in Capital One Financial Co. (NYSE:COF)

Ashton Thomas Private Wealth LLC cut its position in shares of Capital One Financial Co. (NYSE:COF) by 1.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,533 shares of the financial services provider’s stock after selling 75 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Capital One Financial were worth $828,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Asset Management One Co. Ltd. raised its holdings in Capital One Financial by 5.3% in 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 acquiring an additional 7,331 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in Capital One Financial in the third quarter valued at $1,649,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Capital One Financial by 21.4% during the first 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 buying an additional 4,840 shares during the period. Twin Tree Management LP boosted its stake in Capital One Financial by 5.6% in the 1st quarter. Twin Tree Management LP now owns 68,504 shares of the financial services provider’s stock worth $10,200,000 after buying an additional 3,609 shares during the last quarter. Finally, Clear Harbor Asset Management LLC acquired a new stake in Capital One Financial in the 2nd quarter worth about $511,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on COF shares. 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 report on Friday, October 25th. Royal Bank of Canada lifted their price target on shares of Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Bank of America upped their price objective on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Barclays lifted their target price on Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Finally, 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 for the company. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Capital One Financial presently has a consensus rating of “Hold” and an average target price of $156.35.

Capital One Financial Stock Performance

Capital One Financial stock opened at $185.46 on Thursday. 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 firm’s fifty day moving average price is $155.16 and its 200 day moving average price is $145.53. The company has a market capitalization of $70.75 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43. Capital One Financial Co. has a 12-month low of $104.21 and a 12-month high of $198.30.

Capital One Financial (NYSE:COF) last announced 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 business had revenue of $10 billion for the quarter, compared to analyst estimates of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company earned $4.45 earnings per share. On average, research analysts forecast that Capital One Financial Co. will post 13.46 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, November 14th. Capital One Financial’s payout ratio is 22.66%.

Insider Activity

In related news, insider Kara West sold 721 shares of Capital One Financial stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $184.73, for a total value of $133,190.33. Following the completion of the sale, the insider now owns 12,929 shares in the company, valued at approximately $2,388,374.17. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Kara West sold 721 shares of Capital One Financial stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $184.73, for a total value of $133,190.33. Following the completion of the transaction, the insider now directly owns 12,929 shares in the company, valued at approximately $2,388,374.17. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Frank G. LapradeIii sold 15,751 shares of the company’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 sale, the insider now owns 44,711 shares in the company, valued at $7,153,760. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 18,466 shares of company stock worth $2,977,116. 1.30% of the stock is currently owned by insiders.

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.