Los Angeles Capital Management & Equity Research Inc. cut its holdings in shares of Capital One Financial Corp. (NYSE:COF) by 35.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 188,140 shares of the financial services provider’s stock after selling 103,579 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Capital One Financial were worth $17,860,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Mutual of America Capital Management LLC increased its holdings in shares of Capital One Financial by 0.8% during the second quarter. Mutual of America Capital Management LLC now owns 62,630 shares of the financial services provider’s stock worth $5,756,000 after purchasing an additional 515 shares during the period. SRS Capital Advisors Inc. increased its holdings in shares of Capital One Financial by 29.2% during the second quarter. SRS Capital Advisors Inc. now owns 2,667 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 602 shares during the period. Oppenheimer & Co. Inc. increased its holdings in shares of Capital One Financial by 9.8% during the third quarter. Oppenheimer & Co. Inc. now owns 6,919 shares of the financial services provider’s stock worth $657,000 after purchasing an additional 615 shares during the period. Oppenheimer Asset Management Inc. boosted its position in shares of Capital One Financial by 2.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 26,491 shares of the financial services provider’s stock worth $2,433,000 after acquiring an additional 641 shares in the last quarter. Finally, Bank of Stockton boosted its position in shares of Capital One Financial by 31.9% during the 2nd quarter. Bank of Stockton now owns 2,765 shares of the financial services provider’s stock worth $254,000 after acquiring an additional 668 shares in the last quarter. 88.50% of the stock is currently owned by institutional investors.

Shares of Capital One Financial stock opened at $90.40 on Friday. Capital One Financial Corp. has a fifty-two week low of $84.94 and a fifty-two week high of $106.50. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $42.88 billion, a price-to-earnings ratio of 11.60, a P/E/G ratio of 0.73 and a beta of 1.27.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, October 23rd. The financial services provider reported $3.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.89 by $0.23. Capital One Financial had a net margin of 11.84% and a return on equity of 11.01%. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.88 billion. During the same quarter last year, the business posted $2.42 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. Equities analysts anticipate that Capital One Financial Corp. will post 11.38 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 23rd. Shareholders of record on Monday, November 12th will be given a $0.40 dividend. The ex-dividend date is Thursday, November 8th. This represents a $1.60 dividend on an annualized basis and a yield of 1.77%. Capital One Financial’s dividend payout ratio is currently 20.54%.

Several analysts recently issued reports on COF shares. UBS Group reduced their price target on shares of Capital One Financial from $116.00 to $113.00 and set a “buy” rating on the stock in a research report on Tuesday, August 7th. Oppenheimer set a $116.00 price target on shares of Capital One Financial and gave the stock a “buy” rating in a research report on Tuesday, September 18th. Zacks Investment Research upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a research report on Friday, October 26th. Wells Fargo & Co increased their price target on shares of Capital One Financial from $109.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, October 1st. Finally, Barclays reiterated a “buy” rating on shares of Capital One Financial in a research report on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Capital One Financial has an average rating of “Buy” and a consensus target price of $109.33.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2018/11/10/los-angeles-capital-management-equity-research-inc-sells-103579-shares-of-capital-one-financial-corp-cof.html.

About Capital One Financial

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

Recommended Story: How are the companies in the S&P 500 selected?

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

Receive News & Ratings for Capital One Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital One Financial and related companies with MarketBeat.com's FREE daily email newsletter.