Highland Capital Management LLC cut its position in Capital One Financial Corp. (NYSE:COF) by 0.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 107,874 shares of the financial services provider’s stock after selling 415 shares during the period. Highland Capital Management LLC’s holdings in Capital One Financial Corp. were worth $7,749,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Acrospire Investment Management LLC raised its stake in shares of Capital One Financial Corp. by 70.0% in the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $108,000 after buying an additional 700 shares during the last quarter. Cobiz Investment Management LLC acquired a new stake in shares of Capital One Financial Corp. during the third quarter worth approximately $206,000. Culbertson A N & Co. Inc. acquired a new stake in shares of Capital One Financial Corp. during the third quarter worth approximately $220,000. Banced Corp purchased a new position in Capital One Financial Corp. during the second quarter worth about $229,000. Finally, Seven Eight Capital LLC purchased a new position in Capital One Financial Corp. during the first quarter worth about $222,000. 89.72% of the stock is owned by institutional investors.

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

Capital One Financial Corp. (NYSE:COF) traded down 1.57% during mid-day trading on Monday, reaching $83.24. The company’s stock had a trading volume of 3,377,894 shares. Capital One Financial Corp. has a 12-month low of $58.03 and a 12-month high of $84.80. The company has a market cap of $41.71 billion, a PE ratio of 11.89 and a beta of 1.21. The firm’s 50 day moving average is $76.28 and its 200-day moving average is $70.63.

Capital One Financial Corp. (NYSE:COF) last issued its quarterly earnings results on Tuesday, October 25th. The financial services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.09. Capital One Financial Corp. had a return on equity of 8.44% and a net margin of 14.37%. The firm earned $6.46 billion during the quarter, compared to the consensus estimate of $432.47 million. During the same period last year, the company earned $2.10 earnings per share. The company’s revenue was up 9.5% on a year-over-year basis. Equities analysts anticipate that Capital One Financial Corp. will post $7.06 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 25th. Stockholders of record on Monday, November 14th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, November 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.91%. Capital One Financial Corp.’s payout ratio is presently 22.82%.

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A number of research firms have issued reports on COF. Jefferies Group reiterated a “hold” rating on shares of Capital One Financial Corp. in a report on Friday, August 12th. Credit Suisse Group AG reiterated a “hold” rating on shares of Capital One Financial Corp. in a report on Friday, September 16th. Morgan Stanley reiterated a “buy” rating and issued a $83.00 price objective on shares of Capital One Financial Corp. in a report on Wednesday, August 17th. Zacks Investment Research upgraded Capital One Financial Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, September 27th. Finally, Deutsche Bank AG set a $75.00 price objective on Capital One Financial Corp. and gave the stock a “hold” rating in a report on Wednesday, October 5th. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $79.31.

In related news, CEO Richard D. Fairbank sold 265,914 shares of Capital One Financial Corp. stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $75.16, for a total value of $19,986,096.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard D. Fairbank sold 4,300 shares of Capital One Financial Corp. stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $75.12, for a total value of $323,016.00. Following the completion of the sale, the chief executive officer now owns 2,597,316 shares of the company’s stock, valued at $195,110,377.92. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

About Capital One Financial Corp.

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