Capital One Financial Co. (NYSE:COF) Shares Sold by Cibc World Markets Corp

Cibc World Markets Corp reduced its stake in Capital One Financial Co. (NYSE:COF) by 26.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 60,190 shares of the financial services provider’s stock after selling 21,790 shares during the quarter. Cibc World Markets Corp’s holdings in Capital One Financial were worth $10,733,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Bfsg LLC bought a new position in Capital One Financial in the 4th quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Capital One Financial during the 4th quarter worth about $27,000. TruNorth Capital Management LLC acquired a new stake in shares of Capital One Financial in the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. bought a new position in shares of Capital One Financial in the fourth quarter valued at approximately $32,000. Finally, Decker Retirement Planning Inc. acquired a new position in shares of Capital One Financial during the 4th quarter valued at $32,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Trading Up 2.2 %

Capital One Financial stock opened at $168.89 on Wednesday. Capital One Financial Co. has a 12 month low of $128.23 and a 12 month high of $210.67. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. The stock has a market cap of $64.40 billion, a P/E ratio of 14.57, a P/E/G ratio of 1.19 and a beta of 1.47. The company’s fifty day simple moving average is $191.75 and its 200-day simple moving average is $175.93.

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, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the previous year, the company posted $2.81 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed 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 1.42%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s payout ratio is presently 20.71%.

Analyst Ratings Changes

COF has been the subject of several research reports. Wells Fargo & Company raised their price objective on shares of Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Baird R W upgraded shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. Bank of America upgraded Capital One Financial from a “neutral” rating to a “buy” rating and increased their price objective for the company from $207.00 to $235.00 in a research report on Wednesday, February 19th. JPMorgan Chase & Co. lifted their target price on Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, December 9th. Finally, Royal Bank of Canada upped their target price on Capital One Financial from $190.00 to $200.00 and gave the company a “sector perform” rating in a report on Wednesday, January 22nd. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Capital One Financial has a consensus rating of “Moderate Buy” and a consensus target price of $206.67.

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.