Capital Research Global Investors Sells 6,128,125 Shares of Capital One Financial Co. (NYSE:COF)

Capital Research Global Investors decreased its position in Capital One Financial Co. (NYSE:COF - Free Report) by 34.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,758,207 shares of the financial services provider's stock after selling 6,128,125 shares during the quarter. Capital Research Global Investors owned approximately 3.08% of Capital One Financial worth $2,096,722,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Norden Group LLC raised its position 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 worth $358,000 after purchasing an additional 51 shares during the last quarter. Catalyst Financial Partners LLC increased its stake in shares of 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 buying an additional 54 shares during the period. Quadrant Capital Group LLC raised its position in shares of Capital One Financial by 1.0% during the fourth quarter. Quadrant Capital Group LLC now owns 5,247 shares of the financial services provider's stock worth $936,000 after acquiring an additional 54 shares during the last quarter. Gladstone Institutional Advisory LLC lifted its stake in shares of Capital One Financial by 3.3% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 1,777 shares of the financial services provider's stock valued at $317,000 after acquiring an additional 56 shares during the period. Finally, TFB Advisors LLC boosted its holdings in Capital One Financial by 4.1% in the fourth quarter. TFB Advisors LLC now owns 1,488 shares of the financial services provider's stock valued at $265,000 after acquiring an additional 59 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wells Fargo & Company upped their target price on shares of Capital One Financial from $185.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. cut their price objective on shares of Capital One Financial from $198.00 to $170.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. BTIG Research raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 target price for the company in a report on Tuesday, March 25th. Evercore ISI raised Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 price target on the stock in a research note on Wednesday, March 12th. Finally, Robert W. Baird raised Capital One Financial from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $190.00 to $200.00 in a research note on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Capital One Financial currently has an average rating of "Moderate Buy" and an average target price of $206.07.

Capital One Financial Stock Up 3.7 %

Shares of COF traded up $6.31 on Wednesday, hitting $176.51. The company's stock had a trading volume of 7,664,757 shares, compared to its average volume of 4,573,302. 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 firm has a market capitalization of $67.33 billion, a price-to-earnings ratio of 15.23, a P/E/G ratio of 1.19 and a beta of 1.24. The firm's fifty day moving average price is $177.01 and its 200-day moving average price is $179.88. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $210.67.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.07 billion. On average, equities research analysts expect that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial's dividend payout ratio is 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.