Trading Report: Today, Parsons Capital Management Inc. RI invests in Capital One Financial Corp. (COF) Shares

Today, Parsons Capital Management Inc. RI invests in Capital One Financial Corp. (COF) Shares

Parsons Capital Management Inc. RI boosted its position in shares of Capital One Financial Corp. (NYSE:COF) by 4.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 10,361 shares of the financial services provider’s stock after buying an additional 395 shares during the period. Parsons Capital Management Inc. RI’s holdings in Capital One Financial Corp. were worth $744,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of COF. Advisory Services Network LLC boosted its stake in shares of Capital One Financial Corp. by 0.3% in the second quarter. Advisory Services Network LLC now owns 8,425 shares of the financial services provider’s stock worth $535,000 after buying an additional 22 shares during the last quarter. Savant Capital LLC boosted its stake in shares of Capital One Financial Corp. by 0.9% in the second quarter. Savant Capital LLC now owns 3,480 shares of the financial services provider’s stock worth $221,000 after buying an additional 31 shares during the last quarter. Krasney Financial LLC boosted its stake in shares of Capital One Financial Corp. by 0.5% in the second quarter. Krasney Financial LLC now owns 7,754 shares of the financial services provider’s stock worth $492,000 after buying an additional 40 shares during the last quarter. Pitcairn Co. boosted its stake in shares of Capital One Financial Corp. by 1.0% in the second quarter. Pitcairn Co. now owns 4,863 shares of the financial services provider’s stock worth $308,000 after buying an additional 46 shares during the last quarter. Finally, Tompkins Financial Corp boosted its stake in shares of Capital One Financial Corp. by 0.4% in the second quarter. Tompkins Financial Corp now owns 13,482 shares of the financial services provider’s stock worth $856,000 after buying an additional 54 shares during the last quarter. 90.62% of the stock is currently owned by institutional investors.

Capital One Financial Corp. (NYSE:COF) traded down 0.17% during trading on Friday, hitting $84.48. 408,126 shares of the stock traded hands. Capital One Financial Corp. has a 12 month low of $58.03 and a 12 month high of $84.80. The stock has a market cap of $42.33 billion, a PE ratio of 12.07 and a beta of 1.21. The company has a 50-day moving average price of $75.89 and a 200-day moving average price of $70.53.

Capital One Financial Corp. (NYSE:COF) last issued its quarterly earnings data on Tuesday, October 25th. The financial services provider reported $2.03 EPS for the quarter, beating the consensus estimate of $1.94 by $0.09. The company earned $6.46 billion during the quarter, compared to analysts’ expectations of $432.47 million. Capital One Financial Corp. had a net margin of 14.37% and a return on equity of 8.44%. Capital One Financial Corp.’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.10 earnings per share. Equities research analysts expect that Capital One Financial Corp. will post $7.06 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 25th. Investors of record on Monday, November 14th will be paid a dividend of $0.40 per share. The ex-dividend date is Wednesday, November 9th. This represents a $1.60 annualized dividend and a yield of 1.89%. Capital One Financial Corp.’s dividend payout ratio is currently 22.82%.

A number of brokerages have recently issued reports on COF. Nomura reaffirmed a “hold” rating and issued a $72.00 target price on shares of Capital One Financial Corp. in a report on Thursday, September 22nd. Barclays PLC reissued an “overweight” rating and issued a $80.00 price target on shares of Capital One Financial Corp. in a report on Wednesday, October 12th. Robert W. Baird reissued an “outperform” rating on shares of Capital One Financial Corp. in a report on Thursday, August 4th. Credit Suisse Group AG reissued a “hold” rating on shares of Capital One Financial Corp. in a report on Friday, September 16th. Finally, Morgan Stanley reissued a “buy” rating and issued a $83.00 price target on shares of Capital One Financial Corp. in a report on Wednesday, August 17th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $79.31.

In related news, CEO Richard D. Fairbank sold 4,300 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $75.12, for a total transaction of $323,016.00. Following the completion of the transaction, the chief executive officer now owns 2,597,316 shares of the company’s stock, valued at $195,110,377.92. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Richard D. Fairbank sold 873,024 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $77.63, for a total transaction of $67,772,853.12. Following the transaction, the chief executive officer now directly owns 2,809,767 shares of the company’s stock, valued at approximately $218,122,212.21. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

About Capital One Financial Corp.

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