Evercore Wealth Management LLC reduced 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 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the business. Bfsg LLC bought a new stake in Capital One Financial in the fourth quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Capital One Financial during the 4th quarter worth approximately $27,000. TruNorth Capital Management LLC acquired a new stake in shares of Capital One Financial during the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. bought a new stake in shares of Capital One Financial in the 4th quarter valued at $32,000. Finally, Decker Retirement Planning Inc. acquired a new position in shares of Capital One Financial during the 4th quarter valued at $32,000. 89.84% of the stock is owned by institutional investors.
Capital One Financial Trading Up 3.7 %
Shares of COF stock opened at $176.51 on Thursday. 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 firm has a market cap of $67.33 billion, a P/E ratio of 15.23, a PEG ratio of 1.19 and a beta of 1.24. The company has a 50 day moving average of $176.50 and a 200-day moving average of $179.86. Capital One Financial Co. has a 12-month low of $128.23 and a 12-month high of $210.67.
Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, topping the consensus estimate of $3.75 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 billion during the quarter, compared to the consensus estimate of $10.07 billion. Sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial's dividend payout ratio (DPR) is presently 20.15%.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on COF shares. Bank of America raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and lifted 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 target price for the company in a research report on Tuesday, March 25th. Wells Fargo & Company increased their price target on Capital One Financial from $185.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 3rd. Argus raised Capital One Financial to a "strong-buy" rating in a research note on Thursday, January 23rd. Finally, Robert W. Baird raised Capital One Financial from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $190.00 to $200.00 in a research report on Tuesday, March 11th. Four equities research 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 MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $206.07.
View Our Latest Analysis on COF
About Capital One Financial
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Capital One Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Capital One Financial wasn't on the list.
While Capital One Financial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
