Cresset Asset Management LLC Sells 97,030 Shares of Capital One Financial Co. (NYSE:COF)

Cresset Asset Management LLC decreased its position in Capital One Financial Co. (NYSE:COF - Free Report) by 83.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in COF. Vanguard Group Inc. boosted its stake in shares of Capital One Financial by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 31,744,818 shares of the financial services provider's stock worth $5,660,736,000 after acquiring an additional 234,863 shares in the last quarter. Franklin Resources Inc. boosted its position in Capital One Financial by 3.2% during the fourth quarter. Franklin Resources Inc. now owns 10,718,860 shares of the financial services provider's stock worth $1,911,387,000 after purchasing an additional 331,595 shares during the period. Geode Capital Management LLC grew its holdings 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 valued at $1,467,393,000 after purchasing an additional 207,427 shares during the last quarter. FMR LLC lifted its stake in shares of Capital One Financial by 21.6% in the fourth quarter. FMR LLC now owns 8,077,886 shares of the financial services provider's stock worth $1,440,449,000 after buying an additional 1,436,935 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Capital One Financial by 21.8% during the 4th quarter. Northern Trust Corp now owns 4,433,401 shares of the financial services provider's stock worth $790,564,000 after buying an additional 793,765 shares during the period. Institutional investors and hedge funds own 89.84% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on COF. Argus raised shares of Capital One Financial to a "strong-buy" rating in a research note on Thursday, January 23rd. BTIG Research raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price objective for the company in a report on Tuesday, March 25th. Robert W. Baird upgraded Capital One Financial from a "neutral" rating to an "outperform" rating and raised their target price for the company from $190.00 to $200.00 in a research note on Tuesday, March 11th. HSBC upgraded shares of Capital One Financial from a "reduce" rating to a "hold" rating and set a $176.00 price objective for the company in a research report on Tuesday, January 14th. Finally, Bank of America upgraded Capital One Financial from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $207.00 to $235.00 in a research report on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Capital One Financial has an average rating of "Moderate Buy" and an average price target of $207.73.

Capital One Financial Stock Performance

COF traded down $3.28 on Wednesday, reaching $197.76. The company had a trading volume of 4,236,861 shares, compared to its average volume of 3,249,851. The stock has a market cap of $75.77 billion, a P/E ratio of 17.06, 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 quick ratio of 0.98 and a current ratio of 0.98. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $210.67. The company's fifty day moving average is $173.90 and its 200 day moving average is $183.12.

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, topping 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 analyst estimates of $10.07 billion. As a group, analysts predict that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.40 annualized dividend and a yield of 1.21%. Capital One Financial's dividend payout ratio is currently 20.15%.

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.