MetLife Investment Management LLC Decreases Stock Holdings in Capital One Financial Co. (NYSE:COF)

MetLife Investment Management LLC lowered its position in Capital One Financial Co. (NYSE:COF) by 2.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 99,234 shares of the financial services provider’s stock after selling 2,618 shares during the period. MetLife Investment Management LLC’s holdings in Capital One Financial were worth $14,858,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Asset Management One Co. Ltd. grew its position in Capital One Financial by 5.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 146,769 shares of the financial services provider’s stock worth $21,976,000 after purchasing an additional 7,331 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Capital One Financial in the 3rd quarter valued at $1,649,000. Clear Harbor Asset Management LLC purchased a new position in Capital One Financial in the 2nd quarter worth $511,000. QRG Capital Management Inc. lifted its position in Capital One Financial by 3.2% during the 2nd quarter. QRG Capital Management Inc. now owns 122,264 shares of the financial services provider’s stock worth $16,927,000 after acquiring an additional 3,776 shares during the period. Finally, Cetera Advisors LLC grew its stake in Capital One Financial by 114.0% during the 1st quarter. Cetera Advisors LLC now owns 7,948 shares of the financial services provider’s stock valued at $1,183,000 after purchasing an additional 4,234 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

Capital One Financial stock opened at $191.27 on Thursday. The stock has a market capitalization of $72.97 billion, a P/E ratio of 18.06, a P/E/G ratio of 1.40 and a beta of 1.43. The company’s fifty day moving average price is $165.02 and its 200 day moving average price is $148.80. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00. Capital One Financial Co. has a 1 year low of $106.14 and a 1 year high of $198.30.

Capital One Financial (NYSE:COF) last announced its earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.81. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $9.88 billion. During the same quarter last year, the business earned $4.45 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Capital One Financial Co. will post 13.54 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.40 annualized dividend and a yield of 1.25%. Capital One Financial’s dividend payout ratio (DPR) is currently 22.66%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on COF. JPMorgan Chase & Co. raised their price objective on Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. The Goldman Sachs Group upped their price objective on shares of Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Citigroup initiated coverage on shares of Capital One Financial in a report on Friday, September 20th. They set a “buy” rating and a $190.00 target price for the company. Robert W. Baird upped their price target on shares of Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Barclays lifted their price objective on Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $160.18.

Insider Buying and Selling at Capital One Financial

In other news, insider Frank G. LapradeIii sold 15,751 shares of the company’s stock in a transaction on 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 completion of the sale, the insider now owns 44,711 shares of the company’s stock, valued at $7,153,760. This represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Zamsky sold 10,541 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the transaction, the insider now directly owns 26,482 shares in the company, valued at approximately $5,038,465.32. This represents a 28.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,007 shares of company stock valued at $4,982,647 over the last quarter. 1.30% of the stock is currently 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.