Legato Capital Management LLC trimmed its holdings in Capital One Financial Co. (NYSE:COF) by 14.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,985 shares of the financial services provider’s stock after selling 1,841 shares during the quarter. Legato Capital Management LLC’s holdings in Capital One Financial were worth $1,959,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in COF. FMR LLC lifted its position in Capital One Financial by 21.4% during the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock worth $994,350,000 after buying an additional 1,169,395 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Capital One Financial in the 4th quarter worth $130,683,000. Wellington Management Group LLP raised its holdings in shares of Capital One Financial by 268.7% during the 3rd quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock worth $146,052,000 after acquiring an additional 710,881 shares during the period. Southpoint Capital Advisors LP acquired a new position in shares of Capital One Financial during the 3rd quarter valued at about $104,811,000. Finally, KBC Group NV grew its holdings in shares of Capital One Financial by 282.2% in the fourth quarter. KBC Group NV now owns 623,470 shares of the financial services provider’s stock valued at $111,177,000 after purchasing an additional 460,339 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.
Capital One Financial Trading Up 0.3 %
NYSE COF opened at $199.32 on Wednesday. Capital One Financial Co. has a one year low of $128.23 and a one year high of $208.63. The firm has a 50 day simple moving average of $188.77 and a 200-day simple moving average of $167.57. The firm has a market cap of $75.99 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 1.26 and a beta of 1.47. 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 Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.60 per share. The ex-dividend date is Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 1.20%. Capital One Financial’s dividend payout ratio (DPR) is 20.71%.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on COF shares. Evercore ISI lifted their target price on shares of Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Argus raised shares of Capital One Financial to a “strong-buy” rating in a research report on Thursday, January 23rd. Wells Fargo & Company increased their price objective on Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. HSBC upgraded Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 target price on the stock in a research report on Tuesday, January 14th. Finally, Hsbc Global Res upgraded Capital One Financial from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 14th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $196.31.
Get Our Latest Research Report on COF
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.
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