Huntington National Bank Has $5.35 Million Stake in Capital One Financial Co. (NYSE:COF)

Huntington National Bank lessened its holdings in shares of Capital One Financial Co. (NYSE:COF) by 5.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,719 shares of the financial services provider’s stock after selling 1,988 shares during the period. Huntington National Bank’s holdings in Capital One Financial were worth $5,348,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Asset Management One Co. Ltd. grew its position in Capital One Financial by 5.3% during the third quarter. Asset Management One Co. Ltd. now owns 146,769 shares of the financial services provider’s stock worth $21,976,000 after buying an additional 7,331 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of Capital One Financial during the 3rd quarter worth $1,649,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Capital One Financial by 21.4% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 27,493 shares of the financial services provider’s stock valued at $4,093,000 after purchasing an additional 4,840 shares in the last quarter. Twin Tree Management LP lifted its position in Capital One Financial by 5.6% during the first quarter. Twin Tree Management LP now owns 68,504 shares of the financial services provider’s stock worth $10,200,000 after purchasing an additional 3,609 shares during the period. Finally, Clear Harbor Asset Management LLC bought a new stake in Capital One Financial during the second quarter worth about $511,000. 89.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on COF shares. Bank of America boosted their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Citigroup began coverage on shares of Capital One Financial in a research report on Friday, September 20th. They set a “buy” rating and a $190.00 price objective for the company. JPMorgan Chase & Co. raised their target price on Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a report on Monday, October 7th. Evercore ISI upped their price objective on Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Finally, Barclays raised their price objective on Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $156.35.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $183.00 on Friday. The firm has a market cap of $69.82 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43. Capital One Financial Co. has a 52 week low of $104.21 and a 52 week high of $198.30. The firm’s fifty day moving average is $156.00 and its 200-day moving average is $145.81. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, beating analysts’ consensus estimates of $3.70 by $0.81. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $9.88 billion. During the same quarter in the previous year, the company posted $4.45 EPS. The business’s revenue was up 6.8% on a year-over-year basis. Sell-side analysts predict that Capital One Financial Co. will post 13.46 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $2.40 annualized dividend and a yield of 1.31%. Capital One Financial’s payout ratio is 22.66%.

Insider Transactions at Capital One Financial

In related news, insider Michael Zamsky sold 10,541 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the sale, the insider now owns 26,482 shares of the company’s stock, valued at $5,038,465.32. This trade represents a 28.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Frank G. LapradeIii sold 15,751 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the transaction, the insider now directly owns 44,711 shares in the company, valued at approximately $7,153,760. This trade represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,007 shares of company stock worth $4,982,647. Company insiders own 1.30% of the company’s stock.

Capital One Financial Company 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.