Evercore Wealth Management LLC Trims Stock Holdings in Capital One Financial Co. (NYSE:COF)

Evercore Wealth Management LLC trimmed its holdings in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 27.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,963 shares of the financial services provider's stock after selling 3,000 shares during the period. Evercore Wealth Management LLC's holdings in Capital One Financial were worth $1,420,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of COF. Bfsg LLC acquired a new position in shares of Capital One Financial in the fourth quarter worth $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in Capital One Financial in the 4th quarter valued at about $27,000. TruNorth Capital Management LLC purchased a new position in Capital One Financial in the 4th quarter valued at about $29,000. Decker Retirement Planning Inc. acquired a new stake in shares of Capital One Financial during the 4th quarter worth about $32,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Capital One Financial during the fourth quarter worth about $32,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Down 1.2 %

NYSE COF traded down $2.22 during trading hours on Friday, hitting $182.83. The company had a trading volume of 3,463,926 shares, compared to its average volume of 3,136,079. The firm's 50 day moving average is $175.76 and its 200 day moving average is $180.52. The company has a market capitalization of $69.75 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 1.19 and a beta of 1.24. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $210.67. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98.

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

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 annualized dividend and a dividend yield of 1.31%. Capital One Financial's dividend payout ratio (DPR) is presently 20.15%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on COF. Bank of America upgraded shares of Capital One Financial from a "neutral" rating to a "buy" rating and raised their target price for the stock from $207.00 to $235.00 in a research report on Wednesday, February 19th. HSBC upgraded Capital One Financial from a "reduce" rating to a "hold" rating and set a $176.00 target price on the stock in a research report on Tuesday, January 14th. Evercore ISI raised shares of Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 price objective for the company in a research note on Wednesday, March 12th. JPMorgan Chase & Co. decreased their target price on shares of Capital One Financial from $198.00 to $170.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, Hsbc Global Res raised shares of Capital One Financial from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $207.73.

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.