Canal Capital Management LLC Cuts Stock Holdings in Capital One Financial Co. (NYSE:COF)

Canal Capital Management LLC cut its holdings in Capital One Financial Co. (NYSE:COF - Free Report) by 21.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,924 shares of the financial services provider's stock after selling 2,117 shares during the quarter. Canal Capital Management LLC's holdings in Capital One Financial were worth $1,413,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in Capital One Financial by 4.3% in the 3rd quarter. Principal Financial Group Inc. now owns 430,654 shares of the financial services provider's stock valued at $64,482,000 after purchasing an additional 17,825 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Capital One Financial by 4.5% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,174 shares of the financial services provider's stock worth $8,234,000 after buying an additional 2,006 shares in the last quarter. Geode Capital Management LLC boosted its position in Capital One Financial by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider's stock worth $1,467,393,000 after acquiring an additional 207,427 shares during the last quarter. Artemis Investment Management LLP acquired a new position in Capital One Financial during the fourth quarter worth about $46,915,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Capital One Financial by 9.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 250,696 shares of the financial services provider's stock valued at $44,704,000 after acquiring an additional 22,063 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Capital One Financial Stock Performance

Shares of NYSE COF traded down $2.22 during trading hours on Friday, reaching $182.83. The stock had a trading volume of 3,463,926 shares, compared to its average volume of 3,140,850. The firm has a 50-day moving average of $175.76 and a 200-day moving average of $180.32. The firm has a market cap of $69.75 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 1.19 and a beta of 1.24. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $210.67.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, beating the consensus estimate of $3.75 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.07 billion. Equities research analysts predict that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 1.31%. Capital One Financial's payout ratio is 20.15%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Capital One Financial from $210.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday. Barclays increased their price target 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. Royal Bank of Canada set a $190.00 price target on shares of Capital One Financial and gave the company a "sector perform" rating in a research report on Monday, April 14th. Robert W. Baird upgraded Capital One Financial from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $190.00 to $200.00 in a research report on Tuesday, March 11th. Finally, Evercore ISI upgraded Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 target price on the stock in a research report on Wednesday, March 12th. Four investment 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $207.73.

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.