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Envestnet Asset Management Inc. cuts stake in Capital One Financial Co. (NYSE:COF)

Envestnet Asset Management Inc. has sold its stake in Capital One Financial Co. (NYSE:COF) fell 18.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 441,574 shares of the financial services provider, after selling 100,232 shares during the quarter. Envestnet Asset Management Inc. owned 0.12% of Capital One Financial worth $57,899,000 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 the stock. Comerica Bank grew its stake in Capital One Financial by 158.7% in the third quarter. Comerica Bank now owns 87,852 shares of the financial services provider’s stock valued at $8,526,000 after purchasing an additional 53,894 shares in the last quarter. Cantor Fitzgerald Investment Advisors LP bought a new position in Capital One Financial in the 4th quarter valued at approximately $2,299,000. Montag A & Associates Inc. increased its stake in Capital One Financial by 42,536.0% during the fourth quarter. Montag A & Associates Inc. now owns 21,318 shares of the financial services provider’s stock worth $2,795,000 after purchasing an additional 21,268 shares in the last quarter. First Trust Direct Indexing LP increased its position in Capital One Financial by 14.3% in the fourth quarter. First Trust Direct Indexing LP now owns 12,715 shares of the financial services provider’s stock worth $1,667,000 after purchasing an additional 1,588 shares in the last quarter. Finally, National Pension Service grew its stake in Capital One Financial by 2.8% in the fourth quarter. National Pension Service now owns 804,678 shares of the financial services provider’s stock valued at $105,509,000 after purchasing an additional 21,845 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s shares.

Insiders place their bets

In other news, insider Celia Karam sold 16,913 shares of the company’s stock in a transaction on Wednesday, May 8. The shares sold at an average price of $142.88, for a total value of $2,416,529.44. Following the transaction, the insider now owns 47,081 shares of the company’s stock, valued at approximately $6,726,933.28. The sale was disclosed in a legal filing with the SEC, which can be accessed via this hyperlink. In other news, insider Celia Karam sold 16,913 shares in a transaction dated Wednesday, May 8. The stock sold at an average price of $142.88, for a total value of $2,416,529.44. Following the completion of the sale, the insider now owns 47,081 shares in the company, valued at $6,726,933.28. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Timothy P. Golden sold 8,656 shares of the company’s stock in a transaction that occurred on Tuesday, April 30. The stock sold at an average price of $144.04, for a total value of $1,246,810.24. Following the transaction, the insider now directly owns 10,246 shares in the company, valued at $1,475,833.84. The explanation of this sale can be found here. 1.30% of the shares are owned by insiders.

Wall Street analysts weigh in

Several equity research analysts have recently commented on the stock. Royal Bank of Canada raised their target price on shares of Capital One Financial from $142.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 21st. BTIG Research weighed in on coverage of Capital One Financial stock in a report on Friday. They gave a ‘neutral’ rating to the stock. Evercore ISI raised their price objective on shares of Capital One Financial from $142.00 to $155.00 and gave the stock an “in-line” rating in a research note on Thursday, March 28. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $159.00 target price on shares of Capital One Financial in a research note on Wednesday, March 27. Finally, Wells Fargo & Company raised their price target on Capital One Financial from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, April 10. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $141.25.

Read our latest stock report on COF

Capital One financial shares rise 0.8%

Shares of NYSE COF opened at $140.97 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.86. The stock has a market cap of $53.60 billion, a price-to-earnings ratio of 11.04, a price-to-earnings ratio of 1.10 and a beta of 1.45. The company has a fifty-day moving average of $141.16 and a 200-day moving average of $135.00. Capital One Financial Co. has a 52-week low of $88.23 and a 52-week high of $149.94.

Capital One Financial (NYSE:COF – Get Free Report) last reported its quarterly earnings results on Thursday, April 25. The financial services provider reported $3.21 earnings per share for the quarter, missing the consensus estimate of $3.25 by ($0.04). The company had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.35 billion. Capital One Financial had a return on equity of 9.74% and a net margin of 10.19%. The company’s revenue increased by 5.6% compared to the same quarter last year. In the same quarter of the previous year, the company earned earnings per share of $2.31. On average, analysts expect Capital One Financial Co. will post earnings per share of 13.05 for the current year.

Capital One Financial announces dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 24. Shareholders of record on Monday, May 13, received a dividend of $0.60 per share. The ex-dividend date was Friday, May 10. This represents a dividend of $2.40 annually and a yield of 1.70%. Capital One Financial’s dividend payout ratio (DPR) is 18.79%.

Capital One financial company profile

(Free report)

Capital One Financial Corporation operates as the financial services holding company for Capital One, National Association, which is engaged in offering 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.

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Would you like to see which other hedge funds hold COF? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Capital One Financial Co. (NYSE:COF – Free Report).

Quarterly Institutional Ownership for Capital One Financial (NYSE:COF)

This instant news alert was generated by narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat editorial staff before publication. Send any questions or comments about this story to [email protected].

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