Sumitomo Mitsui Trust Holdings Inc. reduced its position in Capital One Financial Co. (NYSE: COF) by 3.1% during the fourth quarter, according to the company in its most recent communication with the Securities and Exchange Commission (SEC). The institutional investor held 1,352,910 shares of the financial services provider after selling 43,995 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.32% of Capital One Financial worth $196,294,000 at the end of the last quarter.
Several other institutional investors have also recently changed their COF holdings. Bank of America Corp DE increased its holdings of Capital One Financial shares by 27.8% in the second quarter. Bank of America Corp DE now owns 8,148,023 shares of the financial services provider valued at $1,260,419,000 after buying an additional 1,771,101 shares last quarter. Park Avenue Securities LLC increased its stake in Capital One Financial by 22.7% during the third quarter. Park Avenue Securities LLC now owns 8,512 shares of the financial services provider worth $1,379,000 after acquiring 1,577 additional shares last quarter. PGGM Investments increased its stake in Capital One Financial by 272.5% during the third quarter. PGGM Investments now owns 134,627 shares of the financial services provider worth $21,806,000 after acquiring an additional 98,481 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in Capital One Financial by 8.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 60,531 shares of the financial services provider worth $10,101,000 after acquiring 4,734 additional shares last quarter. Finally, Spire Wealth Management increased its stake in Capital One Financial by 1.4% during the third quarter. Spire Wealth Management now owns 4,764 shares of the financial services provider worth $772,000 after acquiring 64 additional shares last quarter. Institutional investors hold 88.94% of the company’s shares.
Shares of Capital One Financial Action traded at $1.78 on Monday, reaching $133.54. The stock recorded trading volume of 17,279 shares, compared to an average trading volume of 3,088,134 shares. Capital One Financial Co. has a 12-month low of $122.43 and a 12-month high of $177.95. The company’s 50-day moving average is $141.69 and its two-hundred-day moving average is $149.98. The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt ratio of 0.69. The stock has a market capitalization of $54.97 billion, a price-to-earnings ratio of 4.91, a growth price-to-earnings ratio of 0.40 and a beta of 1.51.
Capital One Financial (NYSE: COF – Get a rating) last released its results on Tuesday, January 25. The financial services provider reported EPS of $5.41 for the quarter, beating the consensus estimate of $5.14 by $0.27. The company posted revenue of $8.12 billion for the quarter, versus a consensus estimate of $7.93 billion. Capital One Financial had a return on equity of 19.77% and a net margin of 38.68%. The company’s revenue for the quarter increased 10.6% year over year. In the same quarter a year earlier, the company had earned earnings per share of $5.29. As a group, stock analysts predict Capital One Financial Co. will post earnings per share of 20.15 for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, February 25. Investors of record on Monday, February 14 received a dividend of $0.60. This represents an annualized dividend of $2.40 and a dividend yield of 1.80%. The ex-dividend date was Friday, February 11. Capital One Financial’s dividend payout ratio (DPR) is currently 8.94%.
COF has been the subject of several analyst reports. Edward Jones upgraded Capital One Financial from a “hold” rating to a “buy” rating in a Thursday, January 13 report. Stephens lowered his target price on Capital One Financial from $210.00 to $205.00 and set an “equal weight” rating on the stock in a Wednesday, January 26 report. Citigroup raised its price target on Capital One Financial from $185.00 to $189.00 and gave the stock a “buy” rating in a Thursday, March 24 research report. Goldman Sachs Group downgraded Capital One Financial from a “buy conviction” rating to a “buy” rating in a Thursday, January 6 research report. Finally, JPMorgan Chase & Co. lowered its price target on Capital One Financial from $192.00 to $177.00 and set an “overweight” rating on the stock in a Wednesday, Jan. 19 research report. Ten investment analysts gave the stock a hold rating and fourteen gave the company a buy rating. According to MarketBeat.com, Capital One Financial currently has a consensus rating of “Buy” and an average price target of $177.88.
In related news, the Advocate General Matthew W. Cooper sold 6,767 shares of the company in a transaction that took place on Thursday, January 27. The stock was sold at an average price of $146.82, for a total value of $993,530.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC website. During the last quarter, insiders sold 6,825 shares of the company valued at $1,002,042. 1.27% of the shares are currently held by insiders.
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.
Get news and reviews for Capital One Financial Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Capital One Financial and related companies with MarketBeat.com’s free daily email newsletter.