Aviance Capital Partners LLC Grows Position in Capital One Financial Co. (NYSE:COF)

Aviance Capital Partners LLC lifted its stake in shares of Capital One Financial Co. (NYSE:COF) by 13.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,788 shares of the financial services provider’s stock after purchasing an additional 1,772 shares during the quarter. Aviance Capital Partners LLC’s holdings in Capital One Financial were worth $2,214,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in COF. Prossimo Advisors LLC raised its stake in shares of Capital One Financial by 2.4% in the 3rd quarter. Prossimo Advisors LLC now owns 2,735 shares of the financial services provider’s stock valued at $410,000 after acquiring an additional 65 shares during the period. Arkadios Wealth Advisors boosted its position in shares of Capital One Financial by 3.9% in the third quarter. Arkadios Wealth Advisors now owns 1,780 shares of the financial services provider’s stock worth $266,000 after buying an additional 66 shares during the period. Harbour Investments Inc. grew its stake in shares of Capital One Financial by 0.7% in the third quarter. Harbour Investments Inc. now owns 9,579 shares of the financial services provider’s stock valued at $1,434,000 after buying an additional 71 shares in the last quarter. Arvest Investments Inc. raised its holdings in shares of Capital One Financial by 1.2% during the 3rd quarter. Arvest Investments Inc. now owns 6,513 shares of the financial services provider’s stock valued at $975,000 after buying an additional 75 shares during the period. Finally, Bangor Savings Bank lifted its position in Capital One Financial by 20.8% during the 3rd quarter. Bangor Savings Bank now owns 448 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on COF. Evercore ISI lifted their price objective on shares of Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Robert W. Baird lifted their price target on shares of Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Citigroup started coverage on shares of Capital One Financial in a research report on Friday, September 20th. They issued a “buy” rating and a $190.00 price objective for the company. 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. Finally, Royal Bank of Canada increased their price target on Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $156.35.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Kara West sold 721 shares of Capital One Financial stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $184.73, for a total transaction of $133,190.33. Following the sale, the insider now owns 12,929 shares of the company’s stock, valued at $2,388,374.17. The trade was a 5.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total value of $323,765.78. Following the transaction, the insider now directly owns 19,776 shares in the company, valued at $3,211,029.12. This trade represents a 9.16 % 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 worth $4,982,647 in the last ninety days. 1.30% of the stock is owned by insiders.

Capital One Financial Stock Performance

Shares of NYSE COF opened at $182.86 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78. The firm’s 50-day moving average price is $158.54 and its two-hundred day moving average price is $146.68. Capital One Financial Co. has a 52-week low of $105.39 and a 52-week high of $198.30. The stock has a market capitalization of $69.76 billion, a P/E ratio of 17.27, a P/E/G ratio of 1.37 and a beta of 1.43.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.81. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.88 billion. During the same quarter last year, the business posted $4.45 EPS. The business’s revenue was up 6.8% on a year-over-year basis. As a group, sell-side analysts forecast that Capital One Financial Co. will post 13.54 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 14th will be issued 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 dividend payout ratio (DPR) is presently 22.66%.

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.