Huntington National Bank Sells 1,988 Shares of Capital One Financial Co. (NYSE:COF)

Huntington National Bank lowered its stake in shares of Capital One Financial Co. (NYSE:COF) by 5.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,719 shares of the financial services provider’s stock after selling 1,988 shares during the period. Huntington National Bank’s holdings in Capital One Financial were worth $5,348,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Capital One Financial by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 30,893,408 shares of the financial services provider’s stock valued at $4,599,720,000 after buying an additional 226,720 shares in the last quarter. Capital Research Global Investors grew its stake in Capital One Financial by 72.8% in the first quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock valued at $3,145,761,000 after acquiring an additional 8,900,241 shares during the period. Clearbridge Investments LLC increased its holdings in shares of Capital One Financial by 5.5% in the second quarter. Clearbridge Investments LLC now owns 3,663,439 shares of the financial services provider’s stock worth $507,203,000 after acquiring an additional 189,843 shares in the last quarter. Legal & General Group Plc raised its position in shares of Capital One Financial by 2.5% during the second quarter. Legal & General Group Plc now owns 3,331,196 shares of the financial services provider’s stock worth $461,204,000 after purchasing an additional 79,908 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in shares of Capital One Financial by 0.5% during the 1st quarter. Janus Henderson Group PLC now owns 1,216,724 shares of the financial services provider’s stock valued at $181,155,000 after purchasing an additional 5,473 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Price Performance

Shares of COF opened at $183.00 on Friday. The company has a market cap of $69.82 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 1.39 and a beta of 1.43. 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’s fifty day simple moving average is $156.00 and its 200 day simple moving average is $145.81. Capital One Financial Co. has a 1-year low of $104.21 and a 1-year 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 for the quarter, topping 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 for the quarter, compared to analyst estimates of $9.88 billion. During the same period in the previous year, the business earned $4.45 EPS. Capital One Financial’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, research analysts forecast that Capital One Financial Co. will post 13.46 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.31%. Capital One Financial’s payout ratio is 22.66%.

Insider Transactions at Capital One Financial

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on COF. 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 research note on Friday, October 25th. Robert W. Baird boosted their price objective on shares of Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” 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. Bank of America lifted their price target on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, Barclays upped their price objective on Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $156.35.

About Capital One Financial

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.