Investment Management Corp of Ontario Lowers Holdings in Capital One Financial Co. (NYSE:COF)

Investment Management Corp of Ontario trimmed its position in Capital One Financial Co. (NYSE:COF) by 15.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,653 shares of the financial services provider’s stock after selling 2,000 shares during the period. Investment Management Corp of Ontario’s holdings in Capital One Financial were worth $1,900,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norden Group LLC grew its position in Capital One Financial by 2.6% in the fourth quarter. Norden Group LLC now owns 2,010 shares of the financial services provider’s stock valued at $358,000 after acquiring an additional 51 shares in the last quarter. Catalyst Financial Partners LLC lifted its stake in Capital One Financial by 3.9% during the fourth quarter. Catalyst Financial Partners LLC now owns 1,428 shares of the financial services provider’s stock worth $255,000 after purchasing an additional 54 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Capital One Financial by 1.0% during the fourth quarter. Quadrant Capital Group LLC now owns 5,247 shares of the financial services provider’s stock worth $936,000 after purchasing an additional 54 shares during the last quarter. Gladstone Institutional Advisory LLC increased its position in Capital One Financial by 3.3% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 1,777 shares of the financial services provider’s stock worth $317,000 after buying an additional 56 shares during the period. Finally, TFB Advisors LLC increased its position in Capital One Financial by 4.1% in the fourth quarter. TFB Advisors LLC now owns 1,488 shares of the financial services provider’s stock worth $265,000 after buying an additional 59 shares during the period. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

NYSE COF opened at $187.68 on Monday. The company has a 50 day simple moving average of $173.12 and a 200-day simple moving average of $182.72. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $71.60 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 1.19 and a beta of 1.13. Capital One Financial Co. has a 52-week low of $128.23 and a 52-week high of $210.67.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.75 by $0.31. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.07 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. Equities research 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 business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Friday, May 23rd. Capital One Financial’s dividend payout ratio (DPR) is 20.15%.

Analyst Ratings Changes

A number of brokerages have recently commented on COF. Truist Financial raised their price target on Capital One Financial from $215.00 to $225.00 and gave the company a “buy” rating in a report on Friday, April 25th. Barclays lifted their target price on Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. UBS Group raised Capital One Financial from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $168.00 to $235.00 in a report on Monday, January 13th. Hsbc Global Res upgraded Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Argus upgraded Capital One Financial to a “strong-buy” rating in a research report on Thursday, January 23rd. Four investment 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 stock. Based on data from MarketBeat.com, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average target price of $207.73.

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.