CCM Investment Advisers LLC Cuts Stake in Capital One Financial Co. (NYSE:COF)

CCM Investment Advisers LLC cut its position in Capital One Financial Co. (NYSE:COF) by 7.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 78,348 shares of the financial services provider’s stock after selling 6,676 shares during the period. Capital One Financial makes up about 1.5% of CCM Investment Advisers LLC’s investment portfolio, making the stock its 28th largest holding. CCM Investment Advisers LLC’s holdings in Capital One Financial were worth $13,971,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Prossimo Advisors LLC grew its stake in Capital One Financial by 2.4% in the third quarter. Prossimo Advisors LLC now owns 2,735 shares of the financial services provider’s stock valued at $410,000 after purchasing an additional 65 shares during the last quarter. Arkadios Wealth Advisors increased its position in shares of Capital One Financial by 3.9% during the third quarter. Arkadios Wealth Advisors now owns 1,780 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 66 shares in the last quarter. Baldwin Investment Management LLC lifted its holdings in shares of Capital One Financial by 0.6% during the 3rd quarter. Baldwin Investment Management LLC now owns 12,215 shares of the financial services provider’s stock valued at $1,829,000 after purchasing an additional 70 shares during the last quarter. Harbour Investments Inc. boosted its position in shares of Capital One Financial by 0.7% in the 3rd quarter. Harbour Investments Inc. now owns 9,579 shares of the financial services provider’s stock worth $1,434,000 after purchasing an additional 71 shares in the last quarter. Finally, Arvest Investments Inc. grew its stake in Capital One Financial by 1.2% during the 3rd quarter. Arvest Investments Inc. now owns 6,513 shares of the financial services provider’s stock worth $975,000 after buying an additional 75 shares during the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Michael Zamsky sold 10,541 shares of the stock in a transaction that occurred 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 owns 26,482 shares of the company’s stock, valued at $5,038,465.32. This represents a 28.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Frank G. LapradeIii sold 15,751 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the transaction, the insider now owns 44,711 shares in the company, valued at $7,153,760. This represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,007 shares of company stock worth $4,982,647 over the last three months. Insiders own 1.30% of the company’s stock.

Capital One Financial Price Performance

Shares of COF stock traded down $3.98 on Friday, reaching $176.16. 1,194,871 shares of the company were exchanged, compared to its average volume of 1,994,694. The company has a market cap of $67.16 billion, a price-to-earnings ratio of 16.63, a P/E/G ratio of 1.36 and a beta of 1.46. Capital One Financial Co. has a 1 year low of $123.23 and a 1 year high of $198.30. The business has a 50-day moving average price of $182.66 and a 200 day moving average price of $158.31. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00.

Capital One Financial (NYSE:COF) last announced its earnings results on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, beating analysts’ consensus estimates of $3.70 by $0.81. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.45 earnings per share. Equities research analysts forecast that Capital One Financial Co. will post 13.54 earnings per share for the current fiscal 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 paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.40 annualized dividend and a yield of 1.36%. Capital One Financial’s dividend payout ratio (DPR) is presently 22.66%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Citigroup started coverage on Capital One Financial in a research note on Friday, September 20th. They set a “buy” rating and a $190.00 price target on the stock. Robert W. Baird upped their price target on shares of Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Barclays upgraded shares of Capital One Financial from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $158.00 to $219.00 in a research note on Monday. Wells Fargo & Company upped their target price on Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods lifted their price target on Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Capital One Financial currently has a consensus rating of “Hold” and an average target price of $181.12.

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.