Capital One Financial Co. (NYSE:COF) Shares Sold by TIG Advisors LLC

TIG Advisors LLC decreased its position in shares of Capital One Financial Co. (NYSE:COF) by 85.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 11,381 shares of the financial services provider’s stock after selling 68,436 shares during the period. TIG Advisors LLC’s holdings in Capital One Financial were worth $2,029,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Lone Pine Capital LLC acquired a new position in shares of Capital One Financial in the fourth quarter valued at approximately $577,012,000. Lido Advisors LLC raised its position in Capital One Financial by 68.3% in the 4th quarter. Lido Advisors LLC now owns 11,577 shares of the financial services provider’s stock valued at $2,064,000 after purchasing an additional 4,697 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Capital One Financial by 21.8% in the 4th quarter. Northern Trust Corp now owns 4,433,401 shares of the financial services provider’s stock valued at $790,564,000 after buying an additional 793,765 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Capital One Financial by 0.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 230,837 shares of the financial services provider’s stock worth $41,163,000 after buying an additional 904 shares in the last quarter. Finally, Beacon Pointe Advisors LLC raised its holdings in Capital One Financial by 8.9% in the fourth quarter. Beacon Pointe Advisors LLC now owns 34,781 shares of the financial services provider’s stock valued at $6,202,000 after acquiring an additional 2,839 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on COF. Truist Financial increased their price objective on shares of Capital One Financial from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Friday. Argus upgraded Capital One Financial to a “strong-buy” rating in a report on Thursday, January 23rd. Hsbc Global Res upgraded Capital One Financial from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. dropped their price target on shares of Capital One Financial from $198.00 to $170.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Finally, Citigroup reduced their price objective on shares of Capital One Financial from $245.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $207.73.

Capital One Financial Price Performance

Shares of COF opened at $183.06 on Tuesday. The company has a market capitalization of $69.83 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 1.19 and a beta of 1.24. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $210.67. The firm has a 50-day simple moving average of $175.22 and a 200-day simple moving average of $180.91. 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 (NYSE:COF) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, beating the consensus estimate of $3.75 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.07 billion. On average, equities research analysts anticipate that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Tuesday, February 18th. Capital One Financial’s payout ratio is 20.15%.

Capital One Financial Company 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.