Hutchinson Capital Management CA Has $13.32 Million Position in Capital One Financial Co. (NYSE:COF)

Hutchinson Capital Management CA cut its stake in shares of Capital One Financial Co. (NYSE:COF) by 0.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 74,697 shares of the financial services provider’s stock after selling 563 shares during the quarter. Capital One Financial comprises approximately 2.5% of Hutchinson Capital Management CA’s investment portfolio, making the stock its 19th largest holding. Hutchinson Capital Management CA’s holdings in Capital One Financial were worth $13,320,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Natixis Advisors LLC lifted its holdings in Capital One Financial by 0.3% during the 4th quarter. Natixis Advisors LLC now owns 156,990 shares of the financial services provider’s stock worth $27,995,000 after buying an additional 398 shares during the period. Catalyst Funds Management Pty Ltd lifted its stake in shares of Capital One Financial by 66.7% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 2,000 shares of the financial services provider’s stock valued at $357,000 after purchasing an additional 800 shares during the period. Campbell Capital Management Inc. acquired a new position in shares of Capital One Financial in the 4th quarter valued at about $1,070,000. Midwest Professional Planners LTD. lifted its stake in shares of Capital One Financial by 5.6% in the 4th quarter. Midwest Professional Planners LTD. now owns 22,423 shares of the financial services provider’s stock valued at $3,999,000 after purchasing an additional 1,183 shares during the period. Finally, Intact Investment Management Inc. lifted its stake in shares of Capital One Financial by 69.0% in the 4th quarter. Intact Investment Management Inc. now owns 4,800 shares of the financial services provider’s stock valued at $856,000 after purchasing an additional 1,960 shares during the period. 89.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on COF. Hsbc Global Res raised Capital One Financial from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Truist Financial boosted their price objective on Capital One Financial from $229.00 to $257.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Bank of America raised Capital One Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $207.00 to $235.00 in a research note on Wednesday, February 19th. Argus raised Capital One Financial to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. boosted their target price on Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, December 9th. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Capital One Financial currently has an average rating of “Moderate Buy” and an average price target of $206.67.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $172.06 on Friday. The company has a market cap of $65.61 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47. Capital One Financial Co. has a 52 week low of $128.23 and a 52 week high of $210.67. The business has a 50 day moving average price of $192.37 and a 200-day moving average price of $175.42. 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 (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. The firm had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.81 earnings per share. Equities analysts anticipate that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently disclosed 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 1.39%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s dividend payout ratio (DPR) is presently 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.