Today: PNC Financial Services Group Inc. Sold shares of Capital One Financial Corp. (COF)

Today: PNC Financial Services Group Inc. Sold shares of Capital One Financial Corp. (COF)

PNC Financial Services Group Inc. cut its stake in shares of Capital One Financial Corp. (NYSE:COF) by 36.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 384,816 shares of the financial services provider’s stock after selling 220,211 shares during the period. PNC Financial Services Group Inc. owned about 0.08% of Capital One Financial Corp. worth $27,641,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Advisory Services Network LLC increased its stake in 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 valued at $535,000 after buying an additional 22 shares during the period. Savant Capital LLC increased its stake in 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 valued at $221,000 after buying an additional 31 shares during the period. Krasney Financial LLC increased its stake in 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 valued at $492,000 after buying an additional 40 shares during the period. Pitcairn Co. increased its stake in 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 valued at $308,000 after buying an additional 46 shares during the period. Finally, Tompkins Financial Corp increased its stake in 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 valued at $856,000 after buying an additional 54 shares during the period. 89.72% of the stock is owned by hedge funds and other institutional investors.

Shares of Capital One Financial Corp. (NYSE:COF) traded down 0.98% during midday trading on Monday, hitting $83.74. 2,154,896 shares of the stock were exchanged. Capital One Financial Corp. has a 1-year low of $58.03 and a 1-year high of $84.80. The company has a market capitalization of $41.96 billion, a P/E ratio of 11.97 and a beta of 1.21. The firm has a 50-day moving average of $76.28 and a 200-day moving average of $70.63.

Capital One Financial Corp. (NYSE:COF) last posted its quarterly earnings data on Tuesday, October 25th. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.09. The company had revenue of $6.46 billion for the quarter, compared to the consensus estimate of $432.47 million. Capital One Financial Corp. had a net margin of 14.37% and a return on equity of 8.44%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.10 earnings per share. On average, equities analysts expect that Capital One Financial Corp. will post $7.06 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 25th. Investors of record on Monday, November 14th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Wednesday, November 9th. Capital One Financial Corp.’s payout ratio is 22.82%.

COF has been the subject of a number of analyst reports. lifted their price objective on shares of Capital One Financial Corp. from $83.00 to $86.00 and gave the company a “buy” rating in a report on Friday, September 23rd. Stifel Nicolaus cut shares of Capital One Financial Corp. from a “buy” rating to a “hold” rating and lifted their price objective for the company from $76.00 to $84.00 in a report on Monday, November 14th. Zacks Investment Research cut shares of Capital One Financial Corp. from a “hold” rating to a “sell” rating in a report on Monday, September 19th. Barclays PLC reiterated an “overweight” rating and set a $80.00 price objective on shares of Capital One Financial Corp. in a report on Wednesday, October 12th. Finally, Oppenheimer Holdings Inc. reiterated an “underperform” rating and set a $60.00 price objective (up from $59.00) on shares of Capital One Financial Corp. in a report on Sunday, October 30th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $79.31.

In other Capital One Financial Corp. news, CEO Richard D. Fairbank sold 873,024 shares of Capital One Financial Corp. 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 owns 2,809,767 shares of the company’s stock, valued at $218,122,212.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard D. Fairbank sold 4,300 shares of Capital One Financial Corp. 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 transaction, the chief executive officer now directly owns 2,597,316 shares in the company, valued at approximately $195,110,377.92. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

Capital One Financial Corp. Company Profile

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