Cerity Partners LLC Sells 2,223 Shares of Capital One Financial Co. (NYSE:COF)

Cerity Partners LLC trimmed its position in Capital One Financial Co. (NYSE:COF - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,339 shares of the financial services provider's stock after selling 2,223 shares during the period. Cerity Partners LLC's holdings in Capital One Financial were worth $16,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of COF. Vanguard Group Inc. lifted its stake in Capital One Financial by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 31,744,818 shares of the financial services provider's stock valued at $5,660,736,000 after acquiring an additional 234,863 shares during the period. Franklin Resources Inc. raised its holdings in Capital One Financial by 3.2% in the 4th quarter. Franklin Resources Inc. now owns 10,718,860 shares of the financial services provider's stock worth $1,911,387,000 after purchasing an additional 331,595 shares during the period. Geode Capital Management LLC boosted its stake in shares of Capital One Financial by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider's stock worth $1,467,393,000 after acquiring an additional 207,427 shares during the last quarter. FMR LLC grew its holdings in shares of Capital One Financial by 21.6% during the fourth quarter. FMR LLC now owns 8,077,886 shares of the financial services provider's stock worth $1,440,449,000 after buying an additional 1,436,935 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Capital One Financial by 8.2% in the 4th quarter. Bank of New York Mellon Corp now owns 4,010,648 shares of the financial services provider's stock worth $715,179,000 after purchasing an additional 304,833 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Remove Ads

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Bank of America raised Capital One Financial from a "neutral" rating to a "buy" rating and upped their price target for the company from $207.00 to $235.00 in a research note on Wednesday, February 19th. BTIG Research raised Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price objective for the company in a research report on Tuesday, March 25th. UBS Group upgraded Capital One Financial from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $168.00 to $235.00 in a research note on Monday, January 13th. Truist Financial cut their target price on Capital One Financial from $257.00 to $215.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Finally, Wells Fargo & Company increased their price target on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, January 3rd. 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $206.73.

Capital One Financial Stock Up 2.1 %

NYSE:COF traded up $3.46 during trading hours on Tuesday, reaching $165.98. 693,124 shares of the stock were exchanged, compared to its average volume of 3,038,405. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a 50 day moving average of $181.35 and a 200 day moving average of $179.44. The stock has a market cap of $63.32 billion, a PE ratio of 14.32, a PEG ratio of 1.19 and a beta of 1.24. Capital One Financial Co. has a twelve month low of $128.23 and a twelve month high of $210.67.

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 for the quarter, topping 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 company had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the prior year, the firm posted $2.81 EPS. The firm's quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts expect that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued 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 1.45%. Capital One Financial's dividend payout ratio (DPR) is currently 20.71%.

About Capital One Financial

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.