Advisory Services Network LLC Cuts Position in Capital One Financial Co. (NYSE:COF)

Advisory Services Network LLC lowered its stake in shares of Capital One Financial Co. (NYSE:COF) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,981 shares of the financial services provider’s stock after selling 363 shares during the period. Advisory Services Network LLC’s holdings in Capital One Financial were worth $1,958,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COF. Abacus FCF Advisors LLC boosted its stake in shares of Capital One Financial by 46.5% during the 4th quarter. Abacus FCF Advisors LLC now owns 25,384 shares of the financial services provider’s stock worth $4,526,000 after acquiring an additional 8,060 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Capital One Financial by 22.6% during the fourth quarter. Renaissance Technologies LLC now owns 308,899 shares of the financial services provider’s stock worth $55,083,000 after purchasing an additional 57,005 shares during the last quarter. Bank of Nova Scotia boosted its position in Capital One Financial by 5.3% during the fourth quarter. Bank of Nova Scotia now owns 51,473 shares of the financial services provider’s stock worth $9,179,000 after purchasing an additional 2,608 shares in the last quarter. FIL Ltd grew its holdings in Capital One Financial by 15.5% in the fourth quarter. FIL Ltd now owns 4,434 shares of the financial services provider’s stock valued at $791,000 after purchasing an additional 595 shares during the last quarter. Finally, Twin Capital Management Inc. increased its position in shares of Capital One Financial by 2.6% in the fourth quarter. Twin Capital Management Inc. now owns 20,289 shares of the financial services provider’s stock valued at $3,618,000 after buying an additional 508 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Trading Down 0.7 %

Shares of COF stock opened at $161.00 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $210.67. The firm’s 50 day moving average price is $182.18 and its two-hundred day moving average price is $179.12. The stock has a market cap of $61.42 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 1.19 and a beta of 1.24.

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

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.49%. The ex-dividend date was Tuesday, February 18th. Capital One Financial’s dividend payout ratio (DPR) is presently 20.71%.

Wall Street Analyst Weigh In

COF has been the topic of several research reports. HSBC upgraded 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. Citigroup cut their target price on shares of Capital One Financial from $245.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, March 24th. BTIG Research raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and set a $208.00 price target on the stock in a research note on Tuesday, March 25th. Royal Bank of Canada increased their price target on Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 22nd. Finally, Barclays lifted their price objective on Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus price target of $206.73.

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.