Cibc World Markets Corp Decreases Stake in Capital One Financial Co. (NYSE:COF)

Cibc World Markets Corp cut its stake in Capital One Financial Co. (NYSE:COF - Free Report) by 26.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,190 shares of the financial services provider's stock after selling 21,790 shares during the period. Cibc World Markets Corp's holdings in Capital One Financial were worth $10,733,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of COF. Bfsg LLC purchased a new position in shares of Capital One Financial in the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Capital One Financial in the fourth quarter valued at approximately $27,000. TruNorth Capital Management LLC purchased a new position in Capital One Financial in the fourth quarter worth approximately $29,000. SBI Securities Co. Ltd. acquired a new position in Capital One Financial during the 4th quarter worth approximately $32,000. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of Capital One Financial in the 4th quarter valued at approximately $32,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

COF has been the subject of a number of analyst reports. Baird R W upgraded shares of Capital One Financial from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. Bank of America raised Capital One Financial from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $207.00 to $235.00 in a research report on Wednesday, February 19th. Evercore ISI raised Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 target price on the stock in a research report on Wednesday, March 12th. Wells Fargo & Company boosted their target price on Capital One Financial from $185.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, January 3rd. Finally, Robert W. Baird upgraded shares of Capital One Financial from a "neutral" rating to an "outperform" rating and increased their price target for the company from $190.00 to $200.00 in a research note on Tuesday, March 11th. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Capital One Financial has an average rating of "Moderate Buy" and an average price target of $203.87.

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Capital One Financial Stock Performance

NYSE COF traded up $0.32 during trading on Friday, reaching $174.79. The company's stock had a trading volume of 5,074,825 shares, compared to its average volume of 2,724,644. The business's fifty day moving average price is $191.50 and its 200-day moving average price is $176.09. Capital One Financial Co. has a twelve month low of $128.23 and a twelve month high of $210.67. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $66.65 billion, a price-to-earnings ratio of 15.08, a P/E/G ratio of 1.19 and a beta of 1.47.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The firm had revenue of $10.19 billion for the quarter, compared to analysts' expectations of $10.22 billion. During the same quarter in the previous year, the firm posted $2.81 EPS. The firm's revenue for the quarter was up 7.2% on a year-over-year basis. As a group, analysts anticipate that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a $0.60 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 1.37%. Capital One Financial's payout ratio is currently 20.71%.

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.