Jennison Associates LLC Sells 17,481 Shares of Capital One Financial Corp. (NYSE:COF)

Jennison Associates LLC lowered its stake in shares of Capital One Financial Corp. (NYSE:COF) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 957,491 shares of the financial services provider’s stock after selling 17,481 shares during the quarter. Jennison Associates LLC’s holdings in Capital One Financial were worth $86,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Next Capital Management LLC bought a new stake in Capital One Financial during the second quarter valued at about $25,000. Parkside Financial Bank & Trust boosted its position in Capital One Financial by 78.6% during the first quarter. Parkside Financial Bank & Trust now owns 384 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 169 shares in the last quarter. Braun Bostich & Associates Inc. bought a new stake in Capital One Financial during the first quarter valued at about $37,000. Coastal Capital Group Inc. bought a new stake in Capital One Financial during the second quarter valued at about $39,000. Finally, Camarda Financial Advisors LLC boosted its position in Capital One Financial by 318.9% during the second quarter. Camarda Financial Advisors LLC now owns 444 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 338 shares in the last quarter. 88.25% of the stock is currently owned by institutional investors.

NYSE COF traded down $2.62 during trading on Friday, hitting $83.11. The company’s stock had a trading volume of 1,638,615 shares, compared to its average volume of 3,089,823. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $40.32 billion, a PE ratio of 7.64, a P/E/G ratio of 0.93 and a beta of 1.24. The business’s 50 day simple moving average is $89.97 and its 200-day simple moving average is $87.51. Capital One Financial Corp. has a fifty-two week low of $69.90 and a fifty-two week high of $101.26.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, July 18th. The financial services provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.53. The business had revenue of $7.12 billion during the quarter, compared to the consensus estimate of $7.01 billion. Capital One Financial had a return on equity of 10.68% and a net margin of 17.50%. The company’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the company earned $3.71 earnings per share. Analysts expect that Capital One Financial Corp. will post 11.49 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 5th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Friday, August 2nd. Capital One Financial’s dividend payout ratio (DPR) is 14.71%.

In related news, insider Jory A. Berson sold 9,329 shares of Capital One Financial stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $93.00, for a total transaction of $867,597.00. Following the completion of the sale, the insider now owns 59,353 shares of the company’s stock, valued at $5,519,829. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael J. Wassmer sold 8,212 shares of Capital One Financial stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $95.03, for a total value of $780,386.36. Following the sale, the insider now directly owns 84,679 shares of the company’s stock, valued at approximately $8,047,045.37. The disclosure for this sale can be found here. Insiders have sold 55,149 shares of company stock valued at $5,053,283 in the last ninety days. Corporate insiders own 1.43% of the company’s stock.

A number of equities research analysts recently weighed in on COF shares. BMO Capital Markets set a $141.00 price objective on Capital One Financial and gave the company a “buy” rating in a research report on Friday, July 19th. Jefferies Financial Group raised Capital One Financial from a “hold” rating to a “buy” rating and raised their price objective for the company from $95.00 to $115.00 in a research report on Tuesday, May 14th. Piper Jaffray Companies set a $111.00 price objective on Capital One Financial and gave the company a “buy” rating in a research report on Friday, July 19th. Morgan Stanley set a $99.00 price target on Capital One Financial and gave the stock a “hold” rating in a report on Friday, August 9th. Finally, Credit Suisse Group set a $118.00 price target on Capital One Financial and gave the stock a “buy” rating in a report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $105.11.

About Capital One Financial

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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