Dumont & Blake Investment Advisors LLC Decreases Holdings in Capital One Financial Corporation $COF

Dumont & Blake Investment Advisors LLC cut its stake in shares of Capital One Financial Corporation (NYSE:COF) by 1.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,346 shares of the financial services provider’s stock after selling 140 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Capital One Financial were worth $2,414,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in COF. WPG Advisers LLC purchased a new stake in shares of Capital One Financial in the 1st quarter worth $25,000. Moisand Fitzgerald Tamayo LLC increased its stake in shares of Capital One Financial by 103.3% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 62 shares in the last quarter. Olistico Wealth LLC increased its stake in shares of Capital One Financial by 439.1% in the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 101 shares in the last quarter. Saudi Central Bank purchased a new stake in shares of Capital One Financial in the 1st quarter worth $27,000. Finally, RMG Wealth Management LLC purchased a new stake in shares of Capital One Financial in the 2nd quarter worth $27,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total value of $423,980.00. Following the transaction, the general counsel directly owned 98,486 shares of the company’s stock, valued at $20,878,047.14. This represents a 1.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the company’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the completion of the transaction, the insider directly owned 68,707 shares in the company, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,298 shares of company stock valued at $5,103,824 in the last ninety days. 1.26% of the stock is currently owned by insiders.

Capital One Financial Stock Up 4.0%

COF opened at $211.25 on Friday. The firm has a 50-day simple moving average of $219.01 and a two-hundred day simple moving average of $203.37. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The company has a market capitalization of $135.10 billion, a PE ratio of 108.33, a price-to-earnings-growth ratio of 0.76 and a beta of 1.18. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. During the same period in the previous year, the business posted $3.14 EPS. The firm’s revenue was up 31.4% on a year-over-year basis. Analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial’s dividend payout ratio (DPR) is 123.08%.

Wall Street Analysts Forecast Growth

COF has been the subject of several analyst reports. Evercore ISI upped their price objective on Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. The Goldman Sachs Group cut their price target on Capital One Financial from $276.00 to $266.00 and set a “buy” rating for the company in a research note on Friday, October 3rd. Deutsche Bank Aktiengesellschaft increased their price target on Capital One Financial from $215.00 to $224.00 and gave the stock a “hold” rating in a research note on Thursday, October 2nd. UBS Group cut their price target on Capital One Financial from $270.00 to $266.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Finally, Barclays increased their price target on Capital One Financial from $253.00 to $257.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $252.78.

Capital One Financial Company 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.