Cresset Asset Management LLC lessened its position in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 83.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,697 shares of the financial services provider's stock after selling 97,030 shares during the quarter. Cresset Asset Management LLC's holdings in Capital One Financial were worth $3,512,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in COF. Cetera Investment Advisers grew its holdings in shares of Capital One Financial by 11.5% during the 4th quarter. Cetera Investment Advisers now owns 58,593 shares of the financial services provider's stock worth $10,448,000 after purchasing an additional 6,044 shares during the period. Brave Warrior Advisors LLC acquired a new position in Capital One Financial in the fourth quarter valued at about $267,000. Cary Street Partners Financial LLC acquired a new position in Capital One Financial in the fourth quarter valued at about $1,190,000. Bayesian Capital Management LP acquired a new position in Capital One Financial in the fourth quarter valued at about $4,922,000. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of Capital One Financial in the 4th quarter valued at approximately $70,046,000. Hedge funds and other institutional investors own 89.84% of the company's stock.
Capital One Financial Stock Down 1.0%
Shares of COF traded down $1.82 during midday trading on Friday, reaching $187.68. The stock had a trading volume of 3,178,344 shares, compared to its average volume of 3,216,219. Capital One Financial Co. has a 1-year low of $128.23 and a 1-year high of $210.67. The company's fifty day simple moving average is $173.12 and its two-hundred day simple moving average is $182.72. The company has a market cap of $71.60 billion, a price-to-earnings ratio of 16.19, a PEG 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 posted its 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. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.07 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. Equities research analysts expect that Capital One Financial Co. will post 15.65 earnings per share for the current year.
Capital One Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Friday, May 23rd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.28%. The ex-dividend date is Friday, May 23rd. Capital One Financial's payout ratio is 20.15%.
Analyst Ratings Changes
A number of research firms have recently issued reports on COF. 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 note on Monday, April 14th. Argus upgraded Capital One Financial to a "strong-buy" rating in a research report on Thursday, January 23rd. BTIG Research upgraded Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price target for the company in a research report on Tuesday, March 25th. Citigroup decreased their target price on Capital One Financial from $245.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Finally, HSBC raised Capital One Financial from a "reduce" rating to a "hold" rating and set a $176.00 target price on the stock in a research note on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $207.73.
View Our Latest Research Report on COF
About Capital One Financial
(
Free Report)
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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