TIG Advisors LLC Cuts Stake in Capital One Financial Co. (NYSE:COF)

TIG Advisors LLC lessened its holdings in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 85.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,381 shares of the financial services provider's stock after selling 68,436 shares during the period. TIG Advisors LLC's holdings in Capital One Financial were worth $2,029,000 at the end of the most recent quarter.

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

Capital One Financial Stock Up 0.2 %

Shares of NYSE COF opened at $183.06 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The company has a 50-day moving average of $175.22 and a 200 day moving average of $180.91. Capital One Financial Co. has a 12-month low of $128.23 and a 12-month high of $210.67. The stock has a market cap of $69.83 billion, a PE ratio of 15.79, a P/E/G ratio of 1.19 and a beta of 1.24.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data 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 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, sell-side analysts predict that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on COF. BTIG Research upgraded Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price target on the stock in a research note on Tuesday, March 25th. Hsbc Global Res raised shares of Capital One Financial from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 14th. Bank of America raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and upped their price objective for the company from $207.00 to $235.00 in a report on Wednesday, February 19th. Citigroup reduced their target price on shares of Capital One Financial from $245.00 to $230.00 and set a "buy" rating for the company in a report on Monday, March 24th. Finally, Royal Bank of Canada set a $190.00 price target on Capital One Financial and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Four equities research 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 company. Based on data from MarketBeat.com, Capital One Financial has an average 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.

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