Blume Capital Management Inc. Has $9.89 Million Stock Holdings in Capital One Financial Co. (NYSE:COF)

Blume Capital Management Inc. reduced its stake in Capital One Financial Co. (NYSE:COF) by 9.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,479 shares of the financial services provider’s stock after selling 5,605 shares during the period. Capital One Financial accounts for approximately 2.2% of Blume Capital Management Inc.’s holdings, making the stock its 14th largest holding. Blume Capital Management Inc.’s holdings in Capital One Financial were worth $9,893,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bfsg LLC bought a new position in Capital One Financial during the fourth quarter worth about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Capital One Financial in the fourth quarter valued at about $27,000. TruNorth Capital Management LLC acquired a new stake in shares of Capital One Financial in the fourth quarter valued at about $29,000. SBI Securities Co. Ltd. bought a new position in Capital One Financial during the fourth quarter worth about $32,000. Finally, Decker Retirement Planning Inc. bought a new position in Capital One Financial during the fourth quarter worth about $32,000. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Stock Down 2.8 %

Shares of NYSE:COF opened at $165.73 on Friday. The firm has a fifty day moving average price of $192.54 and a two-hundred day moving average price of $174.98. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. Capital One Financial Co. has a one year low of $128.23 and a one year high of $210.67. The company has a market cap of $63.20 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 1.19 and a beta of 1.47.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, beating the consensus estimate of $2.78 by $0.31. The firm had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The company’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.81 EPS. Analysts anticipate that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.45%. The ex-dividend date was Tuesday, February 18th. Capital One Financial’s dividend payout ratio (DPR) is currently 20.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Argus upgraded Capital One Financial to a “strong-buy” rating in a report on Thursday, January 23rd. Barclays upped their price target on shares of Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their price objective on shares of Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. HSBC raised shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price target on the stock in a research report on Tuesday, January 14th. Finally, The Goldman Sachs Group upped their target price on shares of Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and an average target price of $206.67.

Capital One Financial Profile

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.