Peapack Gladstone Financial Corp Has $1.54 Million Position in Capital One Financial Co. (NYSE:COF)

Peapack Gladstone Financial Corp cut its stake in shares of Capital One Financial Co. (NYSE:COF) by 3.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,301 shares of the financial services provider’s stock after selling 366 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Capital One Financial were worth $1,543,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. FMR LLC raised its position in shares of Capital One Financial by 21.4% during the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock worth $994,350,000 after purchasing an additional 1,169,395 shares during the period. Eminence Capital LP acquired a new position in Capital One Financial during the second quarter worth $127,465,000. Wellington Management Group LLP lifted its stake in shares of Capital One Financial by 268.7% in the third quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock valued at $146,052,000 after buying an additional 710,881 shares in the last quarter. Southpoint Capital Advisors LP acquired a new position in shares of Capital One Financial during the third quarter valued at about $104,811,000. Finally, International Assets Investment Management LLC increased its position in shares of Capital One Financial by 123.4% during the second quarter. International Assets Investment Management LLC now owns 772,961 shares of the financial services provider’s stock worth $107,016,000 after acquiring an additional 427,000 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on COF shares. Royal Bank of Canada lifted their price target on Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. raised their target price on Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a report on Monday, December 9th. Bank of America downgraded Capital One Financial from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $203.00 to $200.00 in a report on Monday, December 9th. Robert W. Baird raised their price objective on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, Citigroup assumed coverage on shares of Capital One Financial in a research note on Friday, September 20th. They issued a “buy” rating and a $190.00 target price for the company. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Capital One Financial presently has an average rating of “Hold” and an average price target of $171.50.

Capital One Financial Stock Down 0.1 %

COF opened at $184.53 on Monday. Capital One Financial Co. has a twelve month low of $123.23 and a twelve month high of $198.30. The company’s 50-day moving average price is $174.06 and its two-hundred day moving average price is $152.83. The stock has a market cap of $70.40 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 1.36 and a beta of 1.45. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, beating the consensus estimate of $3.70 by $0.81. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.88 billion. During the same quarter in the prior year, the business earned $4.45 earnings per share. Capital One Financial’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, equities analysts expect that Capital One Financial Co. will post 13.54 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were given a dividend of $0.60 per share. The ex-dividend date was Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a yield of 1.30%. Capital One Financial’s dividend payout ratio is presently 22.66%.

Insider Buying and Selling at Capital One Financial

In other news, insider Michael Zamsky sold 10,541 shares of Capital One Financial stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the sale, the insider now owns 26,482 shares in the company, valued at approximately $5,038,465.32. This trade represents a 28.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total transaction of $323,765.78. Following the completion of the transaction, the insider now owns 19,776 shares in the company, 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 29,007 shares of company stock valued at $4,982,647 in the last quarter. 1.30% of the stock is currently owned by corporate insiders.

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.