Provence Wealth Management Group Decreases Holdings in Capital One Financial Co. (NYSE:COF)

Provence Wealth Management Group cut its stake in Capital One Financial Co. (NYSE:COF) by 9.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,142 shares of the financial services provider’s stock after selling 234 shares during the quarter. Provence Wealth Management Group’s holdings in Capital One Financial were worth $281,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Householder Group Estate & Retirement Specialist LLC boosted its position in Capital One Financial by 1,658.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 211 shares of the financial services provider’s stock valued at $27,000 after buying an additional 199 shares during the last quarter. Bartlett & Co. LLC grew its stake in Capital One Financial by 726.7% during the 4th quarter. Bartlett & Co. LLC now owns 248 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 218 shares in the last quarter. Sound Income Strategies LLC increased its holdings in Capital One Financial by 109.4% during the 4th quarter. Sound Income Strategies LLC now owns 266 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 139 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Capital One Financial by 66.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 393 shares of the financial services provider’s stock valued at $38,000 after buying an additional 157 shares during the last quarter. Finally, MV Capital Management Inc. grew its position in shares of Capital One Financial by 43.9% during the fourth quarter. MV Capital Management Inc. now owns 344 shares of the financial services provider’s stock worth $45,000 after buying an additional 105 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Price Performance

COF traded up $0.60 on Friday, reaching $142.41. The company had a trading volume of 1,638,256 shares, compared to its average volume of 2,520,853. The company has a market capitalization of $54.14 billion, a P/E ratio of 11.15, a PEG 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. The company has a fifty day moving average of $141.17 and a 200-day moving average of $127.55. Capital One Financial Co. has a one year low of $83.93 and a one year high of $149.94.

Capital One Financial (NYSE:COF) last released its earnings results on Thursday, April 25th. The financial services provider reported $3.21 earnings per share for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.04). Capital One Financial had a return on equity of 9.74% and a net margin of 10.19%. The firm had revenue of $9.40 billion during the quarter, compared to analyst estimates of $9.35 billion. During the same quarter last year, the company earned $2.31 earnings per share. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, equities research analysts anticipate 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. Stockholders 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 dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, May 10th. Capital One Financial’s dividend payout ratio is presently 18.79%.

Insider Buying and Selling

In other Capital One Financial news, insider Timothy P. Golden sold 8,656 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the sale, 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 available through the SEC website. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on COF shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Capital One Financial in a report on Wednesday, January 10th. They issued a “hold” rating and a $153.00 price target on the stock. Royal Bank of Canada lifted their price target on Capital One Financial from $142.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 21st. Evercore ISI upped their price objective on Capital One Financial from $142.00 to $155.00 and gave the company an “in-line” rating in a research note on Thursday, March 28th. JPMorgan Chase & Co. lifted their target price on Capital One Financial from $134.00 to $152.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $159.00 price target on shares of Capital One Financial in a research report on Wednesday, March 27th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $138.50.

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.