Welch & Forbes LLC Sells 28,122 Shares of Capital One Financial Co. (NYSE:COF)

Welch & Forbes LLC lowered its holdings in Capital One Financial Co. (NYSE:COF) by 45.9% in the 4th quarter, HoldingsChannel reports. The firm owned 33,106 shares of the financial services provider’s stock after selling 28,122 shares during the quarter. Welch & Forbes LLC’s holdings in Capital One Financial were worth $4,341,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Comerica Bank raised its holdings in shares of Capital One Financial by 158.7% in the 3rd quarter. Comerica Bank now owns 87,852 shares of the financial services provider’s stock valued at $8,526,000 after purchasing an additional 53,894 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Capital One Financial by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,498,413 shares of the financial services provider’s stock worth $242,471,000 after purchasing an additional 40,585 shares during the last quarter. First Trust Direct Indexing L.P. grew its stake in Capital One Financial by 14.3% during the 4th quarter. First Trust Direct Indexing L.P. now owns 12,715 shares of the financial services provider’s stock worth $1,667,000 after buying an additional 1,588 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Capital One Financial by 15.2% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 76,695 shares of the financial services provider’s stock valued at $7,443,000 after buying an additional 10,107 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its stake in Capital One Financial by 4.3% in the third quarter. Rafferty Asset Management LLC now owns 131,964 shares of the financial services provider’s stock valued at $12,807,000 after buying an additional 5,439 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling at Capital One Financial

In other news, insider Timothy P. Golden sold 8,656 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the completion of the transaction, the insider now directly owns 10,246 shares of the company’s stock, valued at approximately $1,475,833.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

COF has been the subject of a number of research analyst reports. Wolfe Research upgraded Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price target for the company in a research note on Thursday, April 4th. Piper Sandler raised their price objective on Capital One Financial from $126.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, February 23rd. Robert W. Baird cut Capital One Financial from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $150.00 to $145.00 in a research note on Monday, January 8th. Deutsche Bank Aktiengesellschaft started coverage on Capital One Financial in a research note on Wednesday, January 10th. They issued a “hold” rating and a $153.00 price objective for the company. Finally, Citigroup raised their price objective on Capital One Financial from $152.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $138.50.

Capital One Financial Stock Down 0.6 %

COF traded down $0.82 on Tuesday, hitting $142.51. 1,927,029 shares of the company were exchanged, compared to its average volume of 2,664,519. The company has a market cap of $54.18 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 1.03 and a beta of 1.46. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.86. Capital One Financial Co. has a twelve month low of $85.22 and a twelve month high of $149.94. The firm has a 50-day moving average price of $141.46 and a two-hundred day moving average price of $128.71.

Capital One Financial (NYSE:COF) last announced its earnings results on Thursday, April 25th. The financial services provider reported $3.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.04). The firm had revenue of $9.40 billion during the quarter, compared to analyst estimates of $9.35 billion. Capital One Financial had a net margin of 10.19% and a return on equity of 9.74%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the company earned $2.31 earnings per share. On average, equities analysts predict that Capital One Financial Co. will post 13.7 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.68%. The ex-dividend date is Friday, May 10th. Capital One Financial’s dividend payout ratio is presently 18.79%.

About Capital One Financial

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.