Pitcairn Co. Sells 534 Shares of Capital One Financial Co. (NYSE:COF)

Pitcairn Co. decreased its position in Capital One Financial Co. (NYSE:COF) by 7.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,007 shares of the financial services provider’s stock after selling 534 shares during the period. Pitcairn Co.’s holdings in Capital One Financial were worth $1,249,000 as of its most recent SEC filing.

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

Capital One Financial Stock Down 9.9 %

COF opened at $164.06 on Friday. The firm has a market capitalization of $62.58 billion, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 1.19 and a beta of 1.24. Capital One Financial Co. has a one year low of $128.23 and a one year high of $210.67. The company has a fifty day moving average price of $188.98 and a 200-day moving average price of $178.42. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98.

Capital One Financial (NYSE:COF) last posted its earnings results 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 business had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.22 billion. During the same period in the previous year, the business earned $2.81 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. Equities research analysts expect 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 announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Tuesday, February 18th. Capital One Financial’s dividend payout ratio is currently 20.71%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Argus raised shares of Capital One Financial to a “strong-buy” rating in a research report on Thursday, January 23rd. Hsbc Global Res upgraded Capital One Financial from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Evercore ISI raised Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 target price for the company in a research report on Wednesday, March 12th. Robert W. Baird upgraded Capital One Financial from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $190.00 to $200.00 in a research note on Tuesday, March 11th. Finally, Baird R W raised Capital One Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and an average target price of $206.63.

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.