Blume Capital Management Inc. Reduces Stake in Capital One Financial Co. (NYSE:COF)

Blume Capital Management Inc. reduced its stake in shares of Capital One Financial Co. (NYSE:COF) by 0.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,451 shares of the financial services provider’s stock after selling 215 shares during the quarter. Capital One Financial comprises about 2.2% of Blume Capital Management Inc.’s investment portfolio, making the stock its 15th biggest position. Blume Capital Management Inc.’s holdings in Capital One Financial were worth $8,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Householder Group Estate & Retirement Specialist LLC increased its stake in Capital One Financial by 1,658.3% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 211 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 199 shares during the period. Bartlett & Co. LLC boosted its position in Capital One Financial by 726.7% in the 4th quarter. Bartlett & Co. LLC now owns 248 shares of the financial services provider’s stock valued at $33,000 after buying an additional 218 shares during the period. Sound Income Strategies LLC grew its stake in Capital One Financial by 109.4% in the 4th quarter. Sound Income Strategies LLC now owns 266 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 139 shares in the last quarter. MV Capital Management Inc. increased 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 acquiring an additional 105 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of Capital One Financial during the fourth quarter valued at approximately $47,000. 89.84% of the stock is owned by institutional investors.

Capital One Financial Price Performance

COF stock traded up $0.37 during mid-day trading on Thursday, reaching $143.20. 149,938 shares of the company’s stock were exchanged, compared to its average volume of 2,620,501. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.01 and a quick ratio of 1.00. Capital One Financial Co. has a 12-month low of $85.22 and a 12-month high of $149.94. The stock’s 50 day moving average is $141.46 and its 200 day moving average is $128.71. The company has a market cap of $54.44 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 1.03 and a beta of 1.46.

Capital One Financial (NYSE:COF) last released its quarterly 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 company 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%. Capital One Financial’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.31 EPS. On average, research analysts expect that Capital One Financial Co. will post 13.7 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 13th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis 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%.

Wall Street Analyst Weigh In

COF has been the topic of several research reports. JPMorgan Chase & Co. raised their price target on Capital One Financial from $134.00 to $152.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Wolfe Research upgraded Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price target on the stock in a report on Thursday, April 4th. Citigroup upped 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. UBS Group lifted their target price on Capital One Financial from $132.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Finally, BMO Capital Markets lifted their price objective on shares of Capital One Financial from $124.00 to $125.00 and gave the stock a “market perform” rating in a research report on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $138.50.

Insider Buying and Selling

In other news, insider Timothy P. Golden sold 8,656 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total value of $1,246,810.24. Following the completion of the sale, the insider now directly owns 10,246 shares in the company, valued at $1,475,833.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by insiders.

Capital One Financial Profile

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.