Comerica Bank Cuts Stock Holdings in Capital One Financial Co. (NYSE:COF)

Comerica Bank decreased its holdings in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,684 shares of the financial services provider's stock after selling 1,479 shares during the period. Comerica Bank's holdings in Capital One Financial were worth $17,062,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Principal Financial Group Inc. increased its stake in Capital One Financial by 4.3% in the third 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 raised its stake in Capital One Financial by 4.5% during the 4th 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 during the period. Geode Capital Management LLC grew its stake in Capital One Financial by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider's stock valued at $1,467,393,000 after acquiring an additional 207,427 shares during the period. Artemis Investment Management LLP bought a new stake in shares of Capital One Financial during the fourth quarter valued at approximately $46,915,000. Finally, Lone Pine Capital LLC acquired a new position in shares of Capital One Financial during the fourth quarter worth approximately $577,012,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on COF. Argus raised shares of Capital One Financial to a "strong-buy" rating in a research report on Thursday, January 23rd. Evercore ISI raised Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 price target for the company in a research report on Wednesday, March 12th. Truist Financial lifted their price objective on shares of Capital One Financial from $215.00 to $225.00 and gave the stock a "buy" rating in a report on Friday, April 25th. Baird R W raised shares of Capital One Financial from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. Finally, Royal Bank of Canada set a $190.00 price objective on shares of Capital One Financial and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $207.73.

Capital One Financial Price Performance

NYSE COF traded up $0.08 during trading on Monday, reaching $187.91. The company's stock had a trading volume of 3,104,658 shares, compared to its average volume of 3,167,910. The firm has a fifty day moving average of $173.85 and a 200 day moving average of $181.61. Capital One Financial Co. has a one year low of $128.23 and a one year high of $210.67. The stock has a market capitalization of $71.68 billion, a PE ratio of 16.21, a P/E/G ratio of 1.19 and a beta of 1.13. 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 - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.07 billion. Analysts expect that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued 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 was Tuesday, February 18th. Capital One Financial's payout ratio is currently 20.15%.

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.