Global Trust Asset Management LLC Sells 82 Shares of Capital One Financial Co. (NYSE:COF)

Global Trust Asset Management LLC lowered its holdings in shares of Capital One Financial Co. (NYSE:COF) by 2.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,093 shares of the financial services provider’s stock after selling 82 shares during the period. Global Trust Asset Management LLC’s holdings in Capital One Financial were worth $463,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of COF. Capital Research Global Investors raised its stake in shares of Capital One Financial by 72.8% during the first quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock valued at $3,145,761,000 after acquiring an additional 8,900,241 shares during the last quarter. Eminence Capital LP bought a new position in shares of Capital One Financial during the second quarter valued at $127,465,000. Clearbridge Investments LLC raised its stake in shares of Capital One Financial by 18.8% during the first quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock valued at $517,184,000 after acquiring an additional 549,665 shares during the last quarter. International Assets Investment Management LLC raised its stake 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 valued at $107,016,000 after acquiring an additional 427,000 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Capital One Financial by 1,518.0% during the third quarter. Assenagon Asset Management S.A. now owns 412,355 shares of the financial services provider’s stock valued at $61,742,000 after acquiring an additional 386,870 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on COF shares. JPMorgan Chase & Co. increased their price objective on shares of Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Bank of America increased 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. Evercore ISI decreased their price objective on shares of Capital One Financial from $166.00 to $163.00 and set an “in-line” rating for the company in a research report on Monday, October 7th. Citigroup started coverage on shares of Capital One Financial in a research report on Friday, September 20th. They set a “buy” rating and a $190.00 price objective for the company. Finally, Royal Bank of Canada reiterated 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. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $151.56.

Capital One Financial Stock Down 0.7 %

Shares of NYSE COF opened at $153.19 on Friday. The stock has a market capitalization of $58.24 billion, a P/E ratio of 12.00, a P/E/G ratio of 1.22 and a beta of 1.44. The company has a 50-day moving average price of $147.07 and a 200-day moving average price of $142.68. Capital One Financial Co. has a 1 year low of $88.23 and a 1 year high of $160.45. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.00 and a quick ratio of 1.00.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 9.01% and a return on equity of 9.31%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.52 earnings per share. On average, equities research analysts forecast that Capital One Financial Co. will post 12.87 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date was Monday, August 12th. Capital One Financial’s payout ratio is currently 18.79%.

Insider Activity at Capital One Financial

In related news, insider Frank G. LapradeIii sold 15,751 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the transaction, the insider now directly owns 44,711 shares of the company’s stock, valued at $7,153,760. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Frank G. LapradeIii sold 15,751 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the transaction, the insider now directly owns 44,711 shares of the company’s stock, valued at $7,153,760. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the transaction, the chief executive officer now directly owns 40,934 shares in the company, valued at $5,438,491.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

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.