Almanack Investment Partners LLC. lowered its stake in shares of Capital One Financial Co. (NYSE:COF) by 62.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 740 shares of the financial services provider’s stock after selling 1,226 shares during the quarter. Almanack Investment Partners LLC.’s holdings in Capital One Financial were worth $69,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in COF. Western Pacific Wealth Management LP acquired a new position in shares of Capital One Financial during the third quarter worth approximately $31,000. Neo Ivy Capital Management acquired a new position in shares of Capital One Financial during the second quarter worth approximately $37,000. Investors Asset Management of Georgia Inc. GA ADV raised its stake in shares of Capital One Financial by 200.0% in the third quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 450 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 300 shares in the last quarter. Leelyn Smith LLC bought a new position in Capital One Financial in the third quarter worth $61,000. Finally, First Command Bank acquired a new stake in Capital One Financial during the third quarter worth $63,000. Institutional investors own 88.30% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on COF shares. Morgan Stanley lifted their target price on shares of Capital One Financial from $90.00 to $96.00 and gave the company an “underweight” rating in a research report on Wednesday, February 8th. Stephens lowered shares of Capital One Financial from an “equal weight” rating to an “underweight” rating and set a $79.00 target price on the stock. in a research report on Thursday, January 5th. JPMorgan Chase & Co. decreased their target price on shares of Capital One Financial from $124.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 25th. BMO Capital Markets decreased their target price on shares of Capital One Financial from $152.00 to $141.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 25th. Finally, Wolfe Research lifted their target price on shares of Capital One Financial from $77.00 to $81.00 in a research report on Thursday, December 1st. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Capital One Financial has a consensus rating of “Hold” and a consensus price target of $121.12.
Capital One Financial Trading Up 2.9 %
Capital One Financial (NYSE:COF – Get Rating) last posted its quarterly earnings results on Tuesday, January 24th. The financial services provider reported $2.82 earnings per share for the quarter, missing analysts’ consensus estimates of $3.81 by ($0.99). The business had revenue of $9.04 billion for the quarter, compared to the consensus estimate of $9.07 billion. Capital One Financial had a return on equity of 13.52% and a net margin of 19.18%. The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the firm earned $5.41 earnings per share. On average, sell-side analysts anticipate that Capital One Financial Co. will post 14.45 earnings per share for the current year.
Capital One Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 17th. Investors of record on Monday, February 6th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Friday, February 3rd. Capital One Financial’s dividend payout ratio is currently 13.48%.
Capital One Financial Profile
Capital One Financial Corp. operates as a financial holding company. The firm engages in the provision of financial products and services. It operates through the following segments: Credit Card, Consumer Banking and Commercial Banking. The Credit Card segment includes domestic consumer and small business card lending, and international card lending businesses.
Read More
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