Smith Graham & Co. Investment Advisors LP Sells 2,340 Shares of Capital One Financial Corp. (COF)

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Smith Graham & Co. Investment Advisors LP lowered its position in shares of Capital One Financial Corp. (NYSE:COF) by 3.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,920 shares of the financial services provider’s stock after selling 2,340 shares during the quarter. Smith Graham & Co. Investment Advisors LP’s holdings in Capital One Financial were worth $5,593,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Voya Investment Management LLC boosted its position in Capital One Financial by 1.6% during the 2nd quarter. Voya Investment Management LLC now owns 276,182 shares of the financial services provider’s stock worth $25,381,000 after acquiring an additional 4,246 shares during the last quarter. Wesbanco Bank Inc. boosted its position in Capital One Financial by 0.6% during the 2nd quarter. Wesbanco Bank Inc. now owns 114,107 shares of the financial services provider’s stock worth $10,486,000 after acquiring an additional 679 shares during the last quarter. Natixis boosted its position in Capital One Financial by 78.9% during the 2nd quarter. Natixis now owns 469,175 shares of the financial services provider’s stock worth $43,117,000 after acquiring an additional 206,971 shares during the last quarter. LMR Partners LLP acquired a new position in Capital One Financial during the 2nd quarter worth approximately $511,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Capital One Financial by 6.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 12,760 shares of the financial services provider’s stock worth $1,173,000 after acquiring an additional 818 shares during the last quarter. 88.43% of the stock is owned by hedge funds and other institutional investors.

In other Capital One Financial news, insider Timothy P. Golden sold 4,073 shares of the firm’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $95.85, for a total transaction of $390,397.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.40% of the company’s stock.

A number of equities analysts have weighed in on COF shares. UBS Group reduced their price target on Capital One Financial from $116.00 to $113.00 and set a “buy” rating for the company in a research report on Tuesday, August 7th. Oppenheimer set a $116.00 price objective on Capital One Financial and gave the company a “buy” rating in a report on Tuesday, September 18th. Zacks Investment Research raised Capital One Financial from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a report on Friday, October 26th. Wells Fargo & Co cut their price objective on Capital One Financial from $110.00 to $103.00 and set an “outperform” rating for the company in a report on Wednesday, October 24th. Finally, Barclays reissued a “buy” rating on shares of Capital One Financial in a report on Monday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $109.57.

NYSE COF opened at $87.84 on Wednesday. Capital One Financial Corp. has a 12 month low of $84.94 and a 12 month high of $106.50. The company has a market capitalization of $41.02 billion, a PE ratio of 11.28, a P/E/G ratio of 0.70 and a beta of 1.28. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.99 and a quick ratio of 0.99.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.23. Capital One Financial had a return on equity of 11.01% and a net margin of 11.84%. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.88 billion. During the same quarter last year, the firm posted $2.42 EPS. The company’s quarterly revenue was down .3% on a year-over-year basis. On average, sell-side analysts forecast that Capital One Financial Corp. will post 11.39 earnings per share for the current year.

Capital One Financial Company Profile

Capital One Financial Corporation operates as the bank 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, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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