Capital World Investors Sells 2,899,525 Shares of Capital One Financial Co. (NYSE:COF)

Capital World Investors lowered its stake in Capital One Financial Co. (NYSE:COF - Free Report) by 40.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,272,264 shares of the financial services provider's stock after selling 2,899,525 shares during the period. Capital World Investors owned approximately 1.12% of Capital One Financial worth $761,786,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Forum Financial Management LP lifted its holdings in Capital One Financial by 8.9% during the 4th quarter. Forum Financial Management LP now owns 5,652 shares of the financial services provider's stock worth $1,008,000 after purchasing an additional 461 shares during the last quarter. Frederick Financial Consultants LLC bought a new stake in shares of Capital One Financial in the fourth quarter valued at about $316,000. GeoWealth Management LLC grew its stake in shares of Capital One Financial by 78.7% in the fourth quarter. GeoWealth Management LLC now owns 2,728 shares of the financial services provider's stock valued at $486,000 after acquiring an additional 1,201 shares in the last quarter. Commerce Bank increased its position in Capital One Financial by 1.6% during the fourth quarter. Commerce Bank now owns 339,525 shares of the financial services provider's stock worth $60,544,000 after acquiring an additional 5,500 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC acquired a new stake in Capital One Financial in the 4th quarter worth about $11,276,000. 89.84% of the stock is owned by institutional investors.

Capital One Financial Trading Up 3.7 %

NYSE:COF traded up $6.31 during trading hours on Wednesday, hitting $176.51. 7,664,896 shares of the company were exchanged, compared to its average volume of 3,131,785. The stock has a market capitalization of $67.33 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 1.19 and a beta of 1.24. The company has a fifty day simple moving average of $177.01 and a 200 day simple moving average of $179.88. 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 one year low of $128.23 and a one year high of $210.67.

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

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders 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 yield of 1.36%. Capital One Financial's dividend payout ratio (DPR) is currently 20.71%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on COF. UBS Group raised Capital One Financial from a "neutral" rating to a "buy" rating and increased their price target for the stock from $168.00 to $235.00 in a research report on Monday, January 13th. Robert W. Baird raised shares of Capital One Financial from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $190.00 to $200.00 in a research report on Tuesday, March 11th. Baird R W raised shares of Capital One Financial from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 11th. Citigroup cut their price target on shares of Capital One Financial from $245.00 to $230.00 and set a "buy" rating for the company in a report on Monday, March 24th. Finally, Barclays boosted their price objective on shares of Capital One Financial from $219.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. Four investment 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 company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $206.07.

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.