Meeder Asset Management Inc. Reduces Position in Capital One Financial Co. (NYSE:COF)

Meeder Asset Management Inc. cut its holdings in Capital One Financial Co. (NYSE:COF - Free Report) by 76.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,561 shares of the financial services provider's stock after selling 40,398 shares during the period. Meeder Asset Management Inc.'s holdings in Capital One Financial were worth $2,240,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in COF. Norden Group LLC increased 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 buying an additional 51 shares during the period. Catalyst Financial Partners LLC lifted its position in shares of Capital One Financial by 3.9% during the 4th quarter. Catalyst Financial Partners LLC now owns 1,428 shares of the financial services provider's stock valued at $255,000 after acquiring an additional 54 shares during the period. Gladstone Institutional Advisory LLC boosted its stake in shares of Capital One Financial by 3.3% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 1,777 shares of the financial services provider's stock worth $317,000 after acquiring an additional 56 shares in the last quarter. TFB Advisors LLC grew its holdings in shares of 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 worth $265,000 after acquiring an additional 59 shares during the period. Finally, Money Concepts Capital Corp increased its stake in Capital One Financial by 4.1% in the 4th quarter. Money Concepts Capital Corp now owns 1,565 shares of the financial services provider's stock valued at $279,000 after purchasing an additional 61 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of analysts have commented on COF shares. Keefe, Bruyette & Woods boosted their target price on Capital One Financial from $185.00 to $232.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Argus upgraded shares of Capital One Financial to a "strong-buy" rating in a research report on Thursday, January 23rd. HSBC upgraded shares of Capital One Financial from a "reduce" rating to a "hold" rating and set a $176.00 target price for the company in a report on Tuesday, January 14th. Wells Fargo & Company upped their price target on shares of Capital One Financial from $185.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 3rd. Finally, BTIG Research upgraded shares of Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price target on the stock in a research report on Tuesday, March 25th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $206.63.

Capital One Financial Trading Up 2.3 %

Shares of Capital One Financial stock traded up $4.05 during trading hours on Wednesday, hitting $182.27. The company's stock had a trading volume of 3,577,290 shares, compared to its average volume of 2,852,879. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $69.50 billion, a PE ratio of 15.73, a P/E/G ratio of 1.19 and a beta of 1.47. The business has a fifty day moving average of $190.16 and a 200 day moving average of $178.50. 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 issued its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.31. The company had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The company's revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.81 earnings per share. As a group, equities 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 announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.32%. Capital One Financial's payout ratio is currently 20.71%.

Capital One Financial 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.