NuWave Investment Management LLC decreased its stake in Capital One Financial Co. (NYSE:COF) by 45.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 1,991 shares of the financial services provider’s stock after selling 1,675 shares during the quarter. NuWave Investment Management LLC’s holdings in Capital One Financial were worth $261,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in COF. Industrial Alliance Investment Management Inc. bought a new position in shares of Capital One Financial in the 4th quarter valued at about $25,000. Covestor Ltd bought a new position in shares of Capital One Financial in the 4th quarter valued at about $33,000. Equitec Proprietary Markets LLC bought a new position in shares of Capital One Financial in the 4th quarter valued at about $35,000. Exane Derivatives bought a new position in shares of Capital One Financial in the 4th quarter valued at about $36,000. Finally, Fieldpoint Private Securities LLC grew its holdings in shares of Capital One Financial by 43.2% in the 4th quarter. Fieldpoint Private Securities LLC now owns 265 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 89.31% of the company’s stock.
Several brokerages have recently weighed in on COF. Robert W. Baird upgraded Capital One Financial from a “neutral” rating to an “outperform” rating and set a $145.00 price objective for the company in a report on Friday, June 17th. Wells Fargo & Company reduced their price target on Capital One Financial from $180.00 to $165.00 and set an “overweight” rating for the company in a report on Wednesday, April 6th. Bank of America reduced their price target on Capital One Financial from $185.00 to $167.00 in a report on Thursday, March 17th. Piper Sandler cut Capital One Financial from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $164.00 to $143.00 in a report on Wednesday, April 27th. Finally, Morgan Stanley reduced their price target on Capital One Financial from $217.00 to $157.00 and set an “overweight” rating for the company in a report on Monday, March 28th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $169.23.
NYSE COF opened at $105.63 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.79. Capital One Financial Co. has a 1-year low of $98.54 and a 1-year high of $177.95. The company has a 50 day moving average of $122.48 and a 200-day moving average of $136.92. The company has a market cap of $41.52 billion, a price-to-earnings ratio of 4.15, a PEG ratio of 0.31 and a beta of 1.44.
Capital One Financial (NYSE:COF – Get Rating) last released its quarterly earnings results on Tuesday, April 26th. The financial services provider reported $5.62 earnings per share for the quarter, beating analysts’ consensus estimates of $5.39 by $0.23. Capital One Financial had a net margin of 34.71% and a return on equity of 18.66%. The company had revenue of $8.17 billion during the quarter, compared to the consensus estimate of $8.02 billion. During the same period in the previous year, the business earned $7.03 earnings per share. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. On average, equities research analysts forecast that Capital One Financial Co. will post 20.14 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 27th. Shareholders of record on Monday, May 16th were given a dividend of $0.60 per share. The ex-dividend date was Friday, May 13th. This represents a $2.40 annualized dividend and a yield of 2.27%. Capital One Financial’s dividend payout ratio is currently 9.44%.
About Capital One Financial (Get Rating)
Capital One Financial Corporation operates as the financial services holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides 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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