Matrix Asset Advisors Inc. NY Cuts Stock Position in Capital One Financial Co. (NYSE:COF)

Matrix Asset Advisors Inc. NY lessened its position in shares of Capital One Financial Co. (NYSE:COF) by 13.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,505 shares of the financial services provider’s stock after selling 850 shares during the period. Matrix Asset Advisors Inc. NY’s holdings in Capital One Financial were worth $574,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. raised its stake in shares of Capital One Financial by 566.7% during the 1st quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 200 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 170 shares during the period. Rock Creek Group LP raised its stake in shares of Capital One Financial by 287.3% during the 1st quarter. Rock Creek Group LP now owns 213 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 158 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Capital One Financial during the 4th quarter valued at $38,000. Bank of New Hampshire bought a new position in Capital One Financial in the 1st quarter worth about $36,000. Finally, Atticus Wealth Management LLC increased its stake in Capital One Financial by 7,200.0% in the 2nd quarter. Atticus Wealth Management LLC now owns 292 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 88.44% of the company’s stock.

Capital One Financial Trading Down 2.2 %

NYSE COF traded down $2.11 on Friday, hitting $93.36. The company’s stock had a trading volume of 34,310 shares, compared to its average volume of 2,434,489. The firm has a market cap of $35.83 billion, a P/E ratio of 4.19, a PEG ratio of 0.29 and a beta of 1.42. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.10. The company’s 50-day simple moving average is $108.03 and its 200 day simple moving average is $117.81. Capital One Financial Co. has a 52-week low of $95.35 and a 52-week high of $174.65.

Capital One Financial (NYSE:COFGet Rating) last released its earnings results on Thursday, July 21st. The financial services provider reported $4.96 EPS for the quarter, missing analysts’ consensus estimates of $5.11 by ($0.15). Capital One Financial had a net margin of 29.23% and a return on equity of 17.07%. During the same period in the previous year, the firm posted $7.71 earnings per share. Research analysts predict that Capital One Financial Co. will post 20.09 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 19th. Stockholders of record on Monday, August 8th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend was Friday, August 5th. Capital One Financial’s payout ratio is presently 10.54%.

Analyst Ratings Changes

A number of brokerages have weighed in on COF. Oppenheimer lowered Capital One Financial from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 12th. Wells Fargo & Company decreased their target price on Capital One Financial from $160.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 13th. Keefe, Bruyette & Woods reduced their price objective on Capital One Financial from $200.00 to $171.00 in a research report on Monday, July 11th. Deutsche Bank Aktiengesellschaft reduced their price objective on Capital One Financial from $192.00 to $170.00 in a research report on Friday, July 22nd. Finally, Barclays reduced their price objective on Capital One Financial from $207.00 to $170.00 and set an “overweight” rating on the stock in a research report on Friday, July 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and a consensus price target of $156.93.

Insider Activity

In related news, insider Kara West sold 2,778 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $109.67, for a total transaction of $304,663.26. Following the completion of the transaction, the insider now owns 8,344 shares of the company’s stock, valued at approximately $915,086.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Capital One Financial news, insider Mark Daniel Mouadeb sold 600 shares of Capital One Financial stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $100.94, for a total value of $60,564.00. Following the completion of the sale, the insider now owns 12,243 shares of the company’s stock, valued at approximately $1,235,808.42. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kara West sold 2,778 shares of the company’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $109.67, for a total value of $304,663.26. Following the transaction, the insider now directly owns 8,344 shares in the company, valued at $915,086.48. The disclosure for this sale can be found here. Insiders sold a total of 78,928 shares of company stock worth $8,506,721 in the last quarter. 1.27% of the stock is owned by company insiders.

About Capital One Financial

(Get Rating)

Capital One Financial Corporation operates as the financial services 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, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

Further Reading

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 Co. (NYSE:COFGet Rating).

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.