Empirical Finance LLC Has $1.84 Million Stake in Capital One Financial Co. (NYSE:COF)

Empirical Finance LLC trimmed its position in shares of Capital One Financial Co. (NYSE:COF) by 8.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,264 shares of the financial services provider’s stock after selling 1,180 shares during the period. Empirical Finance LLC’s holdings in Capital One Financial were worth $1,836,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Financial Security Advisor Inc. increased its holdings in Capital One Financial by 2.4% during the first quarter. Financial Security Advisor Inc. now owns 3,255 shares of the financial services provider’s stock worth $485,000 after buying an additional 75 shares during the last quarter. Valley National Advisers Inc. boosted its position in Capital One Financial by 0.5% during the first quarter. Valley National Advisers Inc. now owns 16,366 shares of the financial services provider’s stock worth $2,435,000 after purchasing an additional 75 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in Capital One Financial by 11.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 75 shares during the period. Smith Chas P & Associates PA Cpas boosted its position in Capital One Financial by 2.8% during the first quarter. Smith Chas P & Associates PA Cpas now owns 2,829 shares of the financial services provider’s stock worth $421,000 after purchasing an additional 76 shares during the period. Finally, Marcum Wealth LLC boosted its position in Capital One Financial by 3.6% during the second quarter. Marcum Wealth LLC now owns 2,295 shares of the financial services provider’s stock worth $318,000 after purchasing an additional 79 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the transaction, the chief executive officer now owns 40,934 shares of the company’s stock, valued at $5,438,491.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total value of $8,175,141.52. Following the completion of the transaction, the chief executive officer now owns 40,934 shares of the company’s stock, valued at $5,438,491.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert M. Alexander sold 30,742 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the transaction, the insider now directly owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Capital One Financial Trading Up 1.1 %

COF opened at $146.93 on Friday. Capital One Financial Co. has a twelve month low of $88.23 and a twelve month high of $153.35. The company has a 50-day simple moving average of $140.63 and a 200 day simple moving average of $140.07. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $55.86 billion, a price-to-earnings ratio of 11.51, a P/E/G ratio of 1.13 and a beta of 1.45.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.14). The business had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.52 EPS. Analysts predict that Capital One Financial Co. will post 13.17 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Monday, August 12th. Capital One Financial’s payout ratio is 18.79%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on COF. JPMorgan Chase & Co. lifted their price objective on shares of Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday, July 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $150.00 price objective on shares of Capital One Financial in a research report on Thursday, July 25th. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $145.00 to $165.00 in a research report on Thursday, June 6th. BTIG Research began coverage on shares of Capital One Financial in a research report on Friday, June 7th. They set a “neutral” rating for the company. Finally, Bank of America lifted their price objective on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of “Hold” and an average target price of $145.89.

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.