Moors & Cabot Inc. Sells 353 Shares of Capital One Financial Co. (NYSE:COF)

Moors & Cabot Inc. reduced its stake in shares of Capital One Financial Co. (NYSE:COF) by 7.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,171 shares of the financial services provider’s stock after selling 353 shares during the quarter. Moors & Cabot Inc.’s holdings in Capital One Financial were worth $456,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Cetera Investment Advisers grew its stake in shares of Capital One Financial by 25.3% in the first quarter. Cetera Investment Advisers now owns 7,940 shares of the financial services provider’s stock worth $1,042,000 after purchasing an additional 1,601 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Capital One Financial by 11.4% in the first quarter. Sequoia Financial Advisors LLC now owns 2,959 shares of the financial services provider’s stock worth $388,000 after purchasing an additional 303 shares during the last quarter. Candriam Luxembourg S.C.A. grew its stake in shares of Capital One Financial by 4.1% in the first quarter. Candriam Luxembourg S.C.A. now owns 43,094 shares of the financial services provider’s stock worth $5,658,000 after purchasing an additional 1,698 shares during the last quarter. Baird Financial Group Inc. grew its stake in shares of Capital One Financial by 4.2% in the first quarter. Baird Financial Group Inc. now owns 25,248 shares of the financial services provider’s stock worth $3,315,000 after purchasing an additional 1,008 shares during the last quarter. Finally, Loomis Sayles & Co. L P bought a new stake in shares of Capital One Financial in the first quarter worth about $223,000. 90.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

COF has been the topic of several recent analyst reports. StockNews.com initiated coverage on Capital One Financial in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. The Goldman Sachs Group lowered their price objective on shares of Capital One Financial from $120.00 to $114.00 in a report on Monday, October 2nd. Citigroup lowered their price objective on shares of Capital One Financial from $130.00 to $126.00 and set a “buy” rating for the company in a report on Friday, October 6th. TD Cowen assumed coverage on shares of Capital One Financial in a report on Wednesday, November 1st. They issued a “market perform” rating and a $106.00 price objective for the company. Finally, HSBC assumed coverage on shares of Capital One Financial in a report on Friday, October 13th. They issued a “reduce” rating and a $84.00 price objective for the company. Four analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Capital One Financial presently has an average rating of “Hold” and an average target price of $106.36.

Insider Activity

In other Capital One Financial news, CEO Richard D. Fairbank sold 3,891 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $100.88, for a total value of $392,524.08. Following the completion of the transaction, the chief executive officer now owns 3,848,412 shares of the company’s stock, valued at approximately $388,227,802.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Richard D. Fairbank sold 3,891 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $100.88, for a total value of $392,524.08. Following the sale, the chief executive officer now owns 3,848,412 shares in the company, valued at $388,227,802.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard D. Fairbank sold 3,890 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $105.76, for a total transaction of $411,406.40. Following the sale, the chief executive officer now owns 3,848,412 shares of the company’s stock, valued at $407,008,053.12. The disclosure for this sale can be found here. Insiders have sold a total of 23,563 shares of company stock valued at $2,460,505 over the last ninety days. 1.27% of the stock is currently owned by corporate insiders.

Capital One Financial Stock Up 2.5 %

NYSE:COF opened at $107.68 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $41.01 billion, a P/E ratio of 8.09, a P/E/G ratio of 1.90 and a beta of 1.47. Capital One Financial Co. has a fifty-two week low of $83.93 and a fifty-two week high of $123.09. The firm has a 50-day simple moving average of $98.79 and a two-hundred day simple moving average of $103.50.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $4.45 earnings per share for the quarter, beating the consensus estimate of $3.35 by $1.10. The company had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.21 billion. Capital One Financial had a net margin of 11.43% and a return on equity of 9.77%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $4.20 earnings per share. Analysts predict that Capital One Financial Co. will post 12.55 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Monday, November 13th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Friday, November 10th. Capital One Financial’s payout ratio is currently 18.03%.

Capital One Financial Company Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides 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.