Arrowstreet Capital Limited Partnership Lowers Stock Holdings in Capital One Financial Co. (NYSE:COF)

Arrowstreet Capital Limited Partnership lowered its position in shares of Capital One Financial Co. (NYSE:COF) by 39.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,716,843 shares of the financial services provider’s stock after selling 1,795,507 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Capital One Financial were worth $484,467,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Allianz SE bought a new position in shares of Capital One Financial in the fourth quarter worth $205,000. Intrust Bank NA grew its position in Capital One Financial by 2.6% during the fourth quarter. Intrust Bank NA now owns 8,189 shares of the financial services provider’s stock worth $1,460,000 after buying an additional 205 shares in the last quarter. Allstate Corp purchased a new stake in shares of Capital One Financial in the 4th quarter valued at about $2,019,000. Brown Brothers Harriman & Co. boosted its position in shares of Capital One Financial by 2.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 9,495 shares of the financial services provider’s stock valued at $1,693,000 after acquiring an additional 200 shares during the last quarter. Finally, Level Four Advisory Services LLC purchased a new position in shares of Capital One Financial during the fourth quarter worth about $231,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Bank of America upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and lifted their target price for the company from $207.00 to $235.00 in a research report on Wednesday, February 19th. Citigroup reduced their target price on Capital One Financial from $245.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Hsbc Global Res raised Capital One Financial from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Baird R W upgraded Capital One Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. Finally, Royal Bank of Canada boosted their target price on Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 22nd. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $206.63.

Capital One Financial Price Performance

COF opened at $173.32 on Friday. The firm has a market cap of $66.09 billion, a PE ratio of 14.95, a P/E/G ratio of 1.19 and a beta of 1.47. The stock has a 50-day moving average price of $190.70 and a 200-day moving average price of $177.63. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $210.67. 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 (NYSE:COF) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.31. The firm had revenue of $10.19 billion for the quarter, compared to the consensus estimate 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 revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.81 earnings per share. Sell-side analysts predict that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s dividend payout ratio is currently 20.71%.

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.