Connor Clark & Lunn Investment Management Ltd. lessened its holdings in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 49.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,478 shares of the financial services provider's stock after selling 5,386 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Capital One Financial were worth $977,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the business. Bfsg LLC purchased a new position in Capital One Financial during the fourth quarter worth about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Capital One Financial during the 4th quarter worth $27,000. TruNorth Capital Management LLC purchased a new position in shares of Capital One Financial in the 4th quarter worth $29,000. Decker Retirement Planning Inc. purchased a new position in shares of Capital One Financial in the 4th quarter worth $32,000. Finally, SBI Securities Co. Ltd. acquired a new position in Capital One Financial in the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 89.84% of the company's stock.
Capital One Financial Stock Up 3.7 %
NYSE:COF traded up $6.47 during mid-day trading on Monday, reaching $181.29. The stock had a trading volume of 3,801,274 shares, compared to its average volume of 2,732,456. 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 company has a market capitalization of $69.13 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47. Capital One Financial Co. has a 1-year low of $128.23 and a 1-year high of $210.67. The stock's 50 day simple moving average is $191.50 and its two-hundred day simple moving average is $176.54.
Capital One Financial (NYSE:COF - Get Free Report) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, topping 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 company had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same quarter last year, the firm earned $2.81 EPS. The business's revenue was up 7.2% on a year-over-year basis. Equities analysts anticipate that Capital One Financial Co. will post 15.65 EPS for the current year.
Capital One Financial Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders 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 dividend yield of 1.32%. Capital One Financial's dividend payout ratio (DPR) is 20.71%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on COF shares. Robert W. Baird raised Capital One Financial from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $190.00 to $200.00 in a research note on Tuesday, March 11th. Royal Bank of Canada boosted their price objective on shares of Capital One Financial from $190.00 to $200.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. raised their price objective on Capital One Financial from $162.00 to $186.00 and gave the company a "neutral" rating in a research report on Monday, December 9th. Hsbc Global Res raised Capital One Financial from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 14th. Finally, Bank of America upgraded shares of Capital One Financial from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $207.00 to $235.00 in a research note on Wednesday, February 19th. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Capital One Financial has an average rating of "Moderate Buy" and a consensus target price of $206.53.
Check Out Our Latest Analysis on COF
Capital One Financial Profile
(
Free Report)
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.
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