Legal & General Group Plc Reduces Stock Holdings in Capital One Financial Co. (NYSE:COF)

Legal & General Group Plc decreased its position in Capital One Financial Co. (NYSE:COF) by 24.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,438,173 shares of the financial services provider’s stock after selling 793,413 shares during the quarter. Legal & General Group Plc’s holdings in Capital One Financial were worth $434,775,000 at the end of the most recent quarter.

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

Capital One Financial Price Performance

NYSE COF opened at $154.73 on Tuesday. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $210.67. The business’s fifty day moving average is $186.97 and its two-hundred day moving average is $178.97. The stock has a market capitalization of $59.03 billion, a P/E ratio of 13.35, a P/E/G ratio of 1.19 and a beta of 1.24. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, topping 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 company had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same period in the previous year, the firm earned $2.81 earnings per share. Capital One Financial’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, research analysts forecast that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s payout ratio is 20.71%.

Wall Street Analyst Weigh In

Several research firms have recently commented on COF. Citigroup reduced their target price on Capital One Financial from $245.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Keefe, Bruyette & Woods increased their price objective on shares of Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Wells Fargo & Company boosted their target price on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Barclays upped their target price on shares of Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Baird R W upgraded Capital One Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $207.80.

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.