Comerica Bank Sells 20,200 Shares of Capital One Financial Corporation (COF)

Comerica Bank lowered its stake in Capital One Financial Corporation (NYSE:COF) by 4.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 392,456 shares of the financial services provider’s stock after selling 20,200 shares during the period. Comerica Bank owned approximately 0.08% of Capital One Financial Corporation worth $34,870,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Capital World Investors increased its stake in Capital One Financial Corporation by 27.5% in the third quarter. Capital World Investors now owns 27,456,008 shares of the financial services provider’s stock valued at $1,972,165,000 after buying an additional 5,914,808 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Capital One Financial Corporation by 34.6% in the third quarter. JPMorgan Chase & Co. now owns 17,546,669 shares of the financial services provider’s stock valued at $1,260,376,000 after buying an additional 4,511,539 shares in the last quarter. Pzena Investment Management LLC bought a new stake in Capital One Financial Corporation during the third quarter valued at about $229,175,000. Oak Hill Capital Management LLC bought a new stake in Capital One Financial Corporation during the fourth quarter valued at about $97,429,000. Finally, Emerald Acquisition Ltd. bought a new stake in Capital One Financial Corporation during the second quarter valued at about $135,041,000. Hedge funds and other institutional investors own 91.25% of the company’s stock.

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

Shares of Capital One Financial Corporation (NYSE:COF) traded down 0.16% during mid-day trading on Friday, reaching $88.40. 1,617,333 shares of the company’s stock traded hands. Capital One Financial Corporation has a 12-month low of $58.03 and a 12-month high of $91.64. The stock has a 50-day moving average price of $88.16 and a 200 day moving average price of $78.31. The firm has a market capitalization of $42.74 billion, a price-to-earnings ratio of 12.82 and a beta of 1.24.

Capital One Financial Corporation (NYSE:COF) last posted its earnings results on Tuesday, January 24th. The financial services provider reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by $0.16. Capital One Financial Corporation had a return on equity of 8.06% and a net margin of 13.63%. The business earned $6.57 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter last year, the firm earned $1.58 earnings per share. The business’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts anticipate that Capital One Financial Corporation will post $7.91 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 24th. Stockholders of record on Monday, February 13th will be issued a $0.40 dividend. The ex-dividend date is Thursday, February 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.81%. Capital One Financial Corporation’s dividend payout ratio (DPR) is presently 23.26%.

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Several research analysts have recently weighed in on the stock. Stifel Nicolaus cut shares of Capital One Financial Corporation from a “buy” rating to a “hold” rating and upped their price target for the stock from $76.00 to $84.00 in a report on Monday, November 14th. Oppenheimer Holdings, Inc. reaffirmed an “underperform” rating and issued a $60.00 price target (up previously from $59.00) on shares of Capital One Financial Corporation in a report on Sunday, October 30th. Robert W. Baird cut shares of Capital One Financial Corporation from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $78.00 to $82.00 in a report on Wednesday, November 16th. Barclays PLC upped their price target on shares of Capital One Financial Corporation from $82.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, January 3rd. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $103.00 price target on shares of Capital One Financial Corporation in a report on Wednesday, January 25th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $83.66.

In other news, Director Pierre E. Leroy sold 8,998 shares of the business’s stock in a transaction dated Monday, January 30th. The shares were sold at an average price of $88.09, for a total value of $792,633.82. Following the sale, the director now directly owns 48,298 shares in the company, valued at approximately $4,254,570.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Richard D. Fairbank sold 600,000 shares of the business’s stock in a transaction dated Friday, January 27th. The stock was sold at an average price of $89.12, for a total transaction of $53,472,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 791,047 shares of company stock worth $70,401,849. Insiders own 1.94% of the company’s stock.

About Capital One Financial Corporation

5 Day Chart for NYSE:COF

Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corporation (NYSE:COF).

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