Adage Capital Partners GP L.L.C. Has $14 Million Stock Holdings in Capital One Financial Co. (NYSE:COF)

Adage Capital Partners GP L.L.C. trimmed its holdings in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 26.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,522 shares of the financial services provider's stock after selling 28,683 shares during the period. Adage Capital Partners GP L.L.C.'s holdings in Capital One Financial were worth $14,002,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Norden Group LLC lifted its stake in Capital One Financial by 2.6% in the 4th quarter. Norden Group LLC now owns 2,010 shares of the financial services provider's stock valued at $358,000 after purchasing an additional 51 shares during the last quarter. Catalyst Financial Partners LLC lifted its stake in Capital One Financial by 3.9% in the 4th quarter. Catalyst Financial Partners LLC now owns 1,428 shares of the financial services provider's stock valued at $255,000 after purchasing an additional 54 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Capital One Financial by 1.0% in the 4th quarter. Quadrant Capital Group LLC now owns 5,247 shares of the financial services provider's stock valued at $936,000 after purchasing an additional 54 shares during the last quarter. Gladstone Institutional Advisory LLC lifted its stake in Capital One Financial by 3.3% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 1,777 shares of the financial services provider's stock valued at $317,000 after purchasing an additional 56 shares during the last quarter. Finally, TFB Advisors LLC lifted its stake in Capital One Financial by 4.1% in the 4th quarter. TFB Advisors LLC now owns 1,488 shares of the financial services provider's stock valued at $265,000 after purchasing an additional 59 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. UBS Group upgraded shares of Capital One Financial from a "neutral" rating to a "buy" rating and raised their target price for the company from $168.00 to $235.00 in a research note on Monday, January 13th. Wells Fargo & Company raised their price objective on shares of Capital One Financial from $210.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday. Bank of America upgraded shares of Capital One Financial from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $207.00 to $235.00 in a research report on Wednesday, February 19th. HSBC upgraded shares of Capital One Financial from a "reduce" rating to a "hold" rating and set a $176.00 price objective for the company in a research report on Tuesday, January 14th. Finally, Citigroup cut their price objective on shares of Capital One Financial from $245.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $207.73.

Capital One Financial Stock Performance

Shares of NYSE:COF opened at $182.83 on Monday. The company's 50 day simple moving average is $175.76 and its 200 day simple moving average is $180.72. The stock has a market capitalization of $69.75 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 1.19 and a beta of 1.24. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $210.67.

Capital One Financial (NYSE:COF - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, topping analysts' consensus estimates of $3.75 by $0.31. The firm had revenue of $10 billion for the quarter, compared to analysts' expectations of $10.07 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. As a group, research analysts predict that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

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

Capital One Financial Company 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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