Cerity Partners LLC Sells 2,223 Shares of Capital One Financial Co. (NYSE:COF)

Cerity Partners LLC trimmed its holdings in shares of Capital One Financial Co. (NYSE:COF) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,339 shares of the financial services provider’s stock after selling 2,223 shares during the period. Cerity Partners LLC’s holdings in Capital One Financial were worth $16,288,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Capital One Financial by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 31,744,818 shares of the financial services provider’s stock worth $5,660,736,000 after purchasing an additional 234,863 shares during the period. Franklin Resources Inc. raised its stake in shares of Capital One Financial by 3.2% during the 4th quarter. Franklin Resources Inc. now owns 10,718,860 shares of the financial services provider’s stock worth $1,911,387,000 after purchasing an additional 331,595 shares during the period. Geode Capital Management LLC raised its stake in shares of Capital One Financial by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider’s stock worth $1,467,393,000 after purchasing an additional 207,427 shares during the period. FMR LLC raised its stake in shares of Capital One Financial by 21.6% during the 4th quarter. FMR LLC now owns 8,077,886 shares of the financial services provider’s stock worth $1,440,449,000 after purchasing an additional 1,436,935 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Capital One Financial by 8.2% in the 4th quarter. Bank of New York Mellon Corp now owns 4,010,648 shares of the financial services provider’s stock valued at $715,179,000 after acquiring an additional 304,833 shares during the period. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Stock Up 15.1 %

Shares of NYSE COF opened at $175.41 on Thursday. Capital One Financial Co. has a 12 month low of $128.23 and a 12 month high of $210.67. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $66.92 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 1.19 and a beta of 1.24. The business has a 50-day moving average of $183.73 and a 200-day moving average of $178.92.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, topping the consensus estimate 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 company had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the previous year, the firm earned $2.81 earnings per share. Capital One Financial’s revenue was up 7.2% on a year-over-year basis. Sell-side analysts expect that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s payout ratio is 20.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Capital One Financial from $198.00 to $170.00 and set a “neutral” rating on the stock in a research note on Tuesday. UBS Group upgraded Capital One Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $168.00 to $235.00 in a research note on Monday, January 13th. Wells Fargo & Company boosted their price objective on Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Royal Bank of Canada boosted their price objective on Capital One Financial from $190.00 to $200.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 22nd. Finally, Hsbc Global Res upgraded Capital One Financial from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Four 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. Based on data from MarketBeat.com, Capital One Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.73.

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.