Plimoth Trust Co. LLC Lowers Stake in Capital One Financial Co. (NYSE:COF)

Plimoth Trust Co. LLC lessened its holdings in shares of Capital One Financial Co. (NYSE:COF) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,868 shares of the financial services provider’s stock after selling 105 shares during the period. Plimoth Trust Co. LLC’s holdings in Capital One Financial were worth $333,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in COF. Decker Retirement Planning Inc. purchased a new stake in shares of Capital One Financial during the 4th quarter valued at $32,000. Catalyst Capital Advisors LLC acquired a new position in shares of Capital One Financial in the 3rd quarter valued at $36,000. Creative Financial Designs Inc. ADV increased its position in shares of Capital One Financial by 135.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 166 shares during the period. Eastern Bank acquired a new position in shares of Capital One Financial in the 3rd quarter valued at $44,000. Finally, Prospera Private Wealth LLC acquired a new position in shares of Capital One Financial in the 3rd quarter valued at $47,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

COF traded up $1.69 during trading on Wednesday, reaching $204.81. The company’s stock had a trading volume of 193,679 shares, compared to its average volume of 3,428,490. The firm has a fifty day simple moving average of $185.91 and a two-hundred day simple moving average of $163.69. The company has a market cap of $78.08 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 1.29 and a beta of 1.46. The company has a quick ratio of 1.00, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $207.24.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The firm had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter last year, the firm earned $2.81 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, analysts anticipate that Capital One Financial Co. will post 15.22 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were issued a $0.60 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.40 annualized dividend and a yield of 1.17%. Capital One Financial’s dividend payout ratio (DPR) is presently 20.71%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on COF. Hsbc Global Res raised Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group increased their price target on Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Barclays increased their price target on Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. increased their target price on shares of Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday, December 9th. Finally, Argus raised shares of Capital One Financial to a “strong-buy” rating in a research note on Thursday, January 23rd. Ten equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $192.12.

Insiders Place Their Bets

In related news, insider Michael Zamsky sold 10,541 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total value of $2,005,530.66. Following the completion of the sale, the insider now directly owns 26,482 shares of the company’s stock, valued at $5,038,465.32. The trade was a 28.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total transaction of $323,765.78. Following the completion of the sale, the insider now directly owns 19,776 shares of the company’s stock, valued at approximately $3,211,029.12. This trade represents a 9.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,256 shares of company stock worth $2,462,487 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.

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.