Allspring Global Investments Holdings LLC Sells 3,061 Shares of Capital One Financial Co. (NYSE:COF)

Allspring Global Investments Holdings LLC decreased its position in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 80,411 shares of the financial services provider's stock after selling 3,061 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Capital One Financial were worth $14,370,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of COF. Decker Retirement Planning Inc. bought a new position in Capital One Financial in the 4th quarter worth about $32,000. Catalyst Capital Advisors LLC acquired a new position in shares of Capital One Financial during the third quarter worth approximately $36,000. Creative Financial Designs Inc. ADV grew its holdings in Capital One Financial by 135.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider's stock worth $43,000 after buying an additional 166 shares in the last quarter. Eastern Bank acquired a new stake in Capital One Financial in the 3rd quarter valued at approximately $44,000. Finally, Prospera Private Wealth LLC bought a new stake in Capital One Financial during the 3rd quarter valued at $47,000. Institutional investors own 89.84% of the company's stock.

Capital One Financial Stock Performance

NYSE:COF traded down $4.99 during trading hours on Friday, hitting $200.38. 3,960,178 shares of the company traded hands, compared to its average volume of 3,417,093. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. Capital One Financial Co. has a twelve month low of $128.23 and a twelve month high of $210.67. The firm has a 50-day moving average of $191.46 and a 200 day moving average of $170.48. The stock has a market capitalization of $76.39 billion, a price-to-earnings ratio of 17.29, a P/E/G ratio of 1.21 and a beta of 1.47.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, beating analysts' consensus estimates of $2.78 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The business had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the prior year, the business earned $2.81 earnings per share. The firm's revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts forecast that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Tuesday, February 18th. Capital One Financial's payout ratio is presently 20.71%.

Wall Street Analysts Forecast Growth

COF has been the topic of a number of recent analyst reports. Evercore ISI lifted their price objective on shares of Capital One Financial from $163.00 to $184.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. UBS Group raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and upped their price target for the stock from $168.00 to $235.00 in a research note on Monday, January 13th. Bank of America upgraded shares of Capital One Financial from a "neutral" rating to a "buy" rating and raised their price objective for the company from $207.00 to $235.00 in a research note on Wednesday. Truist Financial upped their target price on Capital One Financial from $229.00 to $257.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, Hsbc Global Res raised Capital One Financial from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 14th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Capital One Financial has an average rating of "Moderate Buy" and an average price target of $198.50.

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.