Aviva PLC Sells 199,946 Shares of Capital One Financial Co. (NYSE:COF)

Aviva PLC lessened its holdings in Capital One Financial Co. (NYSE:COF) by 46.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 229,887 shares of the financial services provider’s stock after selling 199,946 shares during the period. Aviva PLC’s holdings in Capital One Financial were worth $40,993,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Capital One Financial by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 31,744,818 shares of the financial services provider’s stock worth $5,660,736,000 after buying an additional 234,863 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Capital One Financial by 3.2% in the 4th quarter. Franklin Resources Inc. now owns 10,718,860 shares of the financial services provider’s stock valued at $1,911,387,000 after acquiring an additional 331,595 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Capital One Financial by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider’s stock valued at $1,467,393,000 after acquiring an additional 207,427 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Capital One Financial by 8.2% during the fourth quarter. Bank of New York Mellon Corp now owns 4,010,648 shares of the financial services provider’s stock worth $715,179,000 after acquiring an additional 304,833 shares in the last quarter. Finally, Norges Bank acquired a new position in Capital One Financial during the fourth quarter valued at approximately $590,279,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

COF has been the topic of a number of recent analyst reports. Evercore ISI upgraded shares of Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 target price on the stock in a report on Wednesday, March 12th. Bank of America upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $207.00 to $235.00 in a research note on Wednesday, February 19th. UBS Group upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and raised their target price for the company from $168.00 to $235.00 in a research note on Monday, January 13th. Citigroup lowered their price target on Capital One Financial from $245.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Finally, Truist Financial cut their price objective on Capital One Financial from $257.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus price target of $207.80.

Capital One Financial Price Performance

Capital One Financial stock opened at $150.19 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. Capital One Financial Co. has a 52 week low of $128.23 and a 52 week high of $210.67. The stock has a market capitalization of $57.29 billion, a P/E ratio of 12.96, a price-to-earnings-growth ratio of 1.19 and a beta of 1.24. The stock has a fifty day moving average of $187.92 and a 200-day moving average of $178.72.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, topping the consensus estimate of $2.78 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The firm had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the previous year, the firm earned $2.81 earnings per share. The business’s quarterly revenue was up 7.2% on a year-over-year basis. On average, sell-side analysts expect that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a $0.60 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 1.60%. Capital One Financial’s dividend payout ratio is currently 20.71%.

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.