Evercore Wealth Management LLC Reduces Stock Position in Capital One Financial Co. (NYSE:COF)

Evercore Wealth Management LLC decreased its position in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 27.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,963 shares of the financial services provider's stock after selling 3,000 shares during the period. Evercore Wealth Management LLC's holdings in Capital One Financial were worth $1,420,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Barclays PLC boosted its position in Capital One Financial by 2.9% in the third quarter. Barclays PLC now owns 1,042,273 shares of the financial services provider's stock valued at $156,058,000 after buying an additional 29,416 shares in the last quarter. Stock Yards Bank & Trust Co. boosted its position in Capital One Financial by 4.1% in the third quarter. Stock Yards Bank & Trust Co. now owns 2,130 shares of the financial services provider's stock valued at $319,000 after buying an additional 83 shares in the last quarter. Arvest Bank Trust Division bought a new position in shares of Capital One Financial during the third quarter valued at $8,310,000. Wilmington Savings Fund Society FSB bought a new position in shares of Capital One Financial during the third quarter valued at $619,000. Finally, Destination Wealth Management raised its stake in shares of Capital One Financial by 0.6% during the third quarter. Destination Wealth Management now owns 149,405 shares of the financial services provider's stock valued at $22,370,000 after acquiring an additional 876 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Stock Performance

Shares of NYSE COF traded down $1.01 during midday trading on Tuesday, reaching $182.12. The company's stock had a trading volume of 939,734 shares, compared to its average volume of 3,127,924. Capital One Financial Co. has a 12-month low of $128.23 and a 12-month high of $210.67. The firm has a 50 day moving average price of $175.22 and a 200-day moving average price of $180.91. The stock has a market capitalization of $69.48 billion, a P/E ratio of 15.67, a PEG ratio of 1.19 and a beta of 1.24. 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, topping analysts' consensus estimates of $3.75 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.07 billion. As a group, equities analysts predict that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $0.60 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 1.32%. Capital One Financial's payout ratio is 20.15%.

Analyst Ratings Changes

Several research firms have recently issued reports on COF. Hsbc Global Res raised shares of 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 price objective for the company in a research report on Wednesday, March 12th. Wells Fargo & Company boosted their target price on Capital One Financial from $210.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. HSBC raised Capital One Financial from a "reduce" rating to a "hold" rating and set a $176.00 target price for the company in a research report on Tuesday, January 14th. Finally, Truist Financial boosted their target price on Capital One Financial from $215.00 to $225.00 and gave the company a "buy" rating in a research report on Friday. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $207.73.

About Capital One Financial

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.