NuWave Investment Management LLC has reduced its stake in Capital One Financial Co. (NYSE: COF) by 45.7% in the 1st quarter, Holdings Channel.com reports. The fund held 1,991 shares of the financial services provider after selling 1,675 shares during the quarter. NuWave Investment Management LLC’s holdings in Capital One Financial were worth $261,000 when it last filed with the SEC.
Several other hedge funds and other institutional investors have also recently changed their positions in COF. Industrial Alliance Investment Management Inc. bought a new position in Capital One Financial stock in Q4 worth about $25,000. Covestor Ltd bought a new position in shares of Capital One Financial in Q4, valued at around $33,000. Equitec Proprietary Markets LLC bought a new stock position in Capital One Financial in Q4, valued at around $35,000. Exane Derivatives bought a new position in Capital One Financial stock in Q4 valued at around $36,000. Finally, Fieldpoint Private Securities LLC increased its holdings of Capital One Financial shares by 43.2% in the fourth quarter. Fieldpoint Private Securities LLC now owns 265 shares of the financial services provider valued at $38,000 after acquiring 80 additional shares in the last quarter. Institutional investors hold 89.31% of the company’s shares.
Several brokerages have recently weighed in on COF. Robert W. Baird upgraded Capital One Financial from a “neutral” rating to an “outperforming” rating and set a price target of $145.00 for the company in a Friday, June 17 report. Wells Fargo & Company cut its price target on Capital One Financial from $180.00 to $165.00 and set an “overweight” rating for the company in a Wednesday, April 6 report. Bank of America cut its price target on Capital One Financial from $185.00 to $167.00 in a Thursday, March 17 report. Piper Sandler downgraded Capital One Financial from an “overweight” rating to a “neutral” rating and lowered its price target for the stock from $164.00 to $143.00 in a Wednesday, April 27 report. Finally, Morgan Stanley cut its price target on Capital One Financial from $217.00 to $157.00 and set an “overweight” rating for the company in a Monday, March 28 report. One research analyst rated the stock with a sell rating, eight gave the stock a hold rating, and fourteen gave the stock a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “moderate buy” and an average target price of $169.23.
In other Capital One Financial news, an insider Sheldon Room sold 14,504 shares of the company in a transaction that took place on Thursday, May 26. The shares were sold at an average price of $125.00, for a total transaction of $1,813,000.00. Following the completion of the transaction, the insider now directly owns 68,337 shares of the company, valued at $8,542,125. The sale was disclosed in a document filed with the SEC, accessible via the SEC website. 1.27% of the shares are held by insiders.
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 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 capitalization of $41.52 billion, a price-earnings ratio of 4.15, a PEG ratio of 0.31 and a beta of 1.44.
Capital One Financial (NYSE: COF – Get a rating) last released its quarterly results on Tuesday, April 26. The financial services provider reported earnings per share of $5.62 for the quarter, beating analyst 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 posted revenue of $8.17 billion in the quarter, versus a consensus estimate of $8.02 billion. In the same period a year earlier, the company had earned earnings per share of $7.03. The company’s quarterly revenue increased 14.9% year over year. On average, equity research analysts expect Capital One Financial Co. to post earnings per share of 20.14 for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 27. Shareholders of record on Monday, May 16 received a dividend of $0.60 per share. The ex-dividend date was Friday, May 13. This represents an annualized dividend of $2.40 and a yield of 2.27%. Capital One Financial’s dividend payout ratio is currently 9.44%.
About Capital One Financial (Get a rating)
Capital One Financial Corporation operates as the financial services holding company for 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 Cards, Consumer Banking and Business Banking.
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