Ameriprise Financial Inc. Sells 245,597 Shares of Capital One Financial Corporation (COF)

Ameriprise Financial Inc. trimmed its stake in Capital One Financial Corporation (NYSE:COF) by 40.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 365,701 shares of the financial services provider’s stock after selling 245,597 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.08% of Capital One Financial worth $30,961,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of COF. BB&T Investment Services Inc. acquired a new stake in shares of Capital One Financial in the second quarter worth about $108,000. Seven Eight Capital LP increased its stake in Capital One Financial by 16.7% during the second quarter. Seven Eight Capital LP now owns 1,400 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 200 shares during the period. Bronfman E.L. Rothschild L.P. grew its stake in shares of Capital One Financial by 47.1% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,652 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 529 shares during the period. Westside Investment Management Inc. grew its stake in shares of Capital One Financial by 48.0% in the 2nd quarter. Westside Investment Management Inc. now owns 1,745 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 566 shares during the period. Finally, Aspiriant LLC bought a new stake in Capital One Financial during the 2nd quarter worth approximately $205,000. Institutional investors and hedge funds own 88.43% of the company’s stock.

COF has been the topic of a number of analyst reports. Morgan Stanley downgraded Capital One Financial from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $97.00 to $83.00 in a research note on Friday, September 8th. Zacks Investment Research upgraded Capital One Financial from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a report on Friday, October 27th. Robert W. Baird restated a “hold” rating and issued a $84.00 price objective on shares of Capital One Financial in a report on Tuesday, September 5th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $106.00 target price on shares of Capital One Financial in a research note on Friday, September 15th. Finally, Bank of America lifted their price target on shares of Capital One Financial from $89.00 to $91.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $95.52.

In other Capital One Financial news, Director Ann F. Hackett sold 11,055 shares of the firm’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $91.18, for a total value of $1,007,994.90. Following the sale, the director now owns 69,066 shares of the company’s stock, valued at approximately $6,297,437.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael Slocum sold 8,292 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $91.99, for a total transaction of $762,781.08. Following the completion of the sale, the insider now directly owns 53,613 shares in the company, valued at approximately $4,931,859.87. The disclosure for this sale can be found here. In the last three months, insiders sold 43,514 shares of company stock worth $4,011,299. Insiders own 1.73% of the company’s stock.

Capital One Financial Corporation (COF) opened at $95.21 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 1.17. Capital One Financial Corporation has a twelve month low of $76.05 and a twelve month high of $96.92. The company has a market cap of $46,000.00, a price-to-earnings ratio of 12.23, a P/E/G ratio of 1.38 and a beta of 1.28.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.27. The business had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.81 billion. Capital One Financial had a net margin of 13.34% and a return on equity of 8.25%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.03 EPS. research analysts forecast that Capital One Financial Corporation will post 7.97 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Monday, November 13th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date was Friday, November 10th. Capital One Financial’s dividend payout ratio (DPR) is presently 22.44%.

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Capital One Financial Company Profile

Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.

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

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