Adage Capital Partners GP L.L.C. Sells 28,683 Shares of Capital One Financial Co. (NYSE:COF)

Adage Capital Partners GP L.L.C. reduced its position in Capital One Financial Co. (NYSE:COF) by 26.8% during the fourth quarter, HoldingsChannel reports. The firm owned 78,522 shares of the financial services provider’s stock after selling 28,683 shares during the period. Adage Capital Partners GP L.L.C.’s holdings in Capital One Financial were worth $14,002,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bfsg LLC bought a new stake in Capital One Financial during the fourth quarter valued at $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Capital One Financial during the 4th quarter valued at about $27,000. TruNorth Capital Management LLC acquired a new stake in Capital One Financial during the fourth quarter worth approximately $29,000. Decker Retirement Planning Inc. bought a new stake in Capital One Financial in the fourth quarter worth approximately $32,000. Finally, SBI Securities Co. Ltd. acquired a new position in Capital One Financial in the fourth quarter valued at approximately $32,000. 89.84% of the stock is owned by institutional investors.

Capital One Financial Trading Down 1.2 %

Shares of Capital One Financial stock opened at $182.83 on Monday. The stock has a fifty day moving average price of $175.76 and a 200-day moving average price of $180.72. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $69.75 billion, a PE ratio of 15.77, a P/E/G ratio of 1.19 and a beta of 1.24. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $210.67.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, topping the consensus estimate of $3.75 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $10.07 billion. Equities research analysts anticipate that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company 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. This represents a $2.40 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Tuesday, February 18th. Capital One Financial’s dividend payout ratio is currently 20.15%.

Analyst Ratings Changes

Several analysts have recently weighed in on COF shares. JPMorgan Chase & Co. lowered their price objective on shares of Capital One Financial from $198.00 to $170.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Barclays lifted their price target on shares of Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Truist Financial increased their price objective on shares of Capital One Financial from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday. Argus raised Capital One Financial to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, UBS Group upgraded Capital One Financial from a “neutral” rating to a “buy” rating and increased their price target for the stock from $168.00 to $235.00 in a report on Monday, January 13th. Four 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 data from MarketBeat, Capital One Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.73.

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.