Thurston Springer Miller Herd & Titak Inc. Sells 8,502 Shares of Capital One Financial Corporation $COF
by Sarita Garza · The Markets DailyThurston Springer Miller Herd & Titak Inc. lowered its position in Capital One Financial Corporation (NYSE:COF) by 92.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 732 shares of the financial services provider’s stock after selling 8,502 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Capital One Financial were worth $156,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of COF. Kingstone Capital Partners Texas LLC increased its stake in shares of Capital One Financial by 588,668.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock valued at $24,988,129,000 after buying an additional 117,427,549 shares during the period. Vanguard Group Inc. raised its stake in Capital One Financial by 74.8% during the second quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock valued at $11,995,603,000 after buying an additional 24,129,990 shares during the last quarter. State Street Corp boosted its stake in Capital One Financial by 63.4% in the 2nd quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock worth $5,910,500,000 after purchasing an additional 10,776,843 shares in the last quarter. Norges Bank purchased a new stake in shares of Capital One Financial during the second quarter valued at approximately $1,701,511,000. Finally, Geode Capital Management LLC increased its holdings in shares of Capital One Financial by 64.1% in the 2nd quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock worth $2,970,628,000 after purchasing an additional 5,474,328 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently weighed in on COF shares. Barclays lifted their target price on Capital One Financial from $257.00 to $271.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. upped their price target on shares of Capital One Financial from $235.00 to $237.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. HSBC lifted their price objective on Capital One Financial from $218.00 to $234.00 and gave the company a “hold” rating in a report on Thursday, October 23rd. Cowen reiterated a “buy” rating on shares of Capital One Financial in a report on Wednesday, November 26th. Finally, Jefferies Financial Group raised their price objective on Capital One Financial from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average target price of $263.10.
Insider Buying and Selling
In other Capital One Financial news, insider Neal Blinde sold 43,200 shares of Capital One Financial stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $221.83, for a total transaction of $9,583,056.00. Following the completion of the sale, the insider directly owned 73,020 shares of the company’s stock, valued at $16,198,026.60. The trade was a 37.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $221.54, for a total transaction of $443,080.00. Following the completion of the sale, the general counsel directly owned 94,486 shares of the company’s stock, valued at approximately $20,932,428.44. This trade represents a 2.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 280,218 shares of company stock worth $62,395,804. Corporate insiders own 1.26% of the company’s stock.
Capital One Financial Trading Up 0.9%
Shares of COF stock opened at $241.93 on Wednesday. The company’s 50-day moving average price is $218.88 and its 200-day moving average price is $215.97. The stock has a market cap of $153.80 billion, a price-to-earnings ratio of 102.08, a PEG ratio of 0.57 and a beta of 1.16. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $243.31.
Capital One Financial (NYSE:COF – Get Free Report) last announced its quarterly earnings results on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The business had revenue of $15.46 billion for the quarter. As a group, equities analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.
Capital One Financial Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, November 17th. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s dividend payout ratio (DPR) is 135.02%.
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.
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