DnB Asset Management AS Trims Stake in Capital One Financial Co. (NYSE:COF)

DnB Asset Management AS cut its stake in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 52.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 70,907 shares of the financial services provider's stock after selling 76,860 shares during the quarter. DnB Asset Management AS's holdings in Capital One Financial were worth $12,644,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in COF. Level Four Advisory Services LLC acquired a new position in Capital One Financial during the 4th quarter worth approximately $231,000. Orion Portfolio Solutions LLC grew its stake in shares of Capital One Financial by 5.5% during the fourth quarter. Orion Portfolio Solutions LLC now owns 16,442 shares of the financial services provider's stock worth $2,932,000 after purchasing an additional 858 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in Capital One Financial by 12.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 227,943 shares of the financial services provider's stock valued at $40,647,000 after buying an additional 25,097 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Capital One Financial by 0.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 119,489 shares of the financial services provider's stock valued at $21,307,000 after buying an additional 436 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in Capital One Financial during the 4th quarter worth about $4,573,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Stock Performance

NYSE COF traded down $21.29 during trading hours on Thursday, hitting $160.89. 2,899,086 shares of the stock were exchanged, compared to its average volume of 2,857,260. 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 cap of $61.38 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 1.19 and a beta of 1.24. Capital One Financial Co. has a 12-month low of $128.23 and a 12-month high of $210.67. The stock has a 50-day moving average of $189.78 and a 200 day moving average of $178.52.

Capital One Financial (NYSE:COF - Get Free Report) last posted 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 business had revenue of $10.19 billion for the quarter, compared to analysts' expectations of $10.22 billion. During the same period in the prior year, the company posted $2.81 EPS. The business's revenue for the quarter was up 7.2% on a year-over-year basis. As a group, equities research analysts forecast that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Tuesday, February 18th. Capital One Financial's dividend payout ratio is currently 20.71%.

Analyst Ratings Changes

A number of research firms have recently commented on COF. BTIG Research upgraded Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price objective on the stock in a report on Tuesday, March 25th. JPMorgan Chase & Co. increased their price target on shares of Capital One Financial from $162.00 to $186.00 and gave the company a "neutral" rating in a research note on Monday, December 9th. Argus upgraded shares of Capital One Financial to a "strong-buy" rating in a research report on Thursday, January 23rd. Wells Fargo & Company increased 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. Finally, Baird R W raised shares of Capital One Financial from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $206.63.

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.