Federated Hermes Inc. Sells 18,211 Shares of Capital One Financial Co. (NYSE:COF)

Federated Hermes Inc. cut its stake in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 831,372 shares of the financial services provider's stock after selling 18,211 shares during the period. Federated Hermes Inc. owned about 0.22% of Capital One Financial worth $148,250,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of COF. Vanguard Group Inc. raised 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 worth $5,660,736,000 after acquiring an additional 234,863 shares during the period. Franklin Resources Inc. raised its position in shares of Capital One Financial by 3.2% during the 4th quarter. Franklin Resources Inc. now owns 10,718,860 shares of the financial services provider's stock valued at $1,911,387,000 after purchasing an additional 331,595 shares during the period. Geode Capital Management LLC lifted its stake in shares of Capital One Financial by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider's stock valued at $1,467,393,000 after buying an additional 207,427 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings 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 buying an additional 304,833 shares during the period. Finally, Norges Bank purchased a new stake in Capital One Financial in the 4th quarter worth $590,279,000. Institutional investors own 89.84% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms have recently weighed in on COF. Royal Bank of Canada upped their price objective on 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. Robert W. Baird upgraded Capital One Financial from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $190.00 to $200.00 in a research note on Tuesday, March 11th. Hsbc Global Res raised shares of Capital One Financial from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 14th. UBS Group raised shares of 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 report on Monday, January 13th. Finally, HSBC raised shares of Capital One Financial from a "reduce" rating to a "hold" rating and set a $176.00 target price for the company in a research note on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Capital One Financial has a consensus rating of "Moderate Buy" and an average price target of $206.73.

Capital One Financial Trading Down 1.4 %

COF stock traded down $2.29 during midday trading on Friday, reaching $159.87. 2,375,236 shares of the company traded hands, compared to its average volume of 3,030,321. The firm has a market capitalization of $60.99 billion, a price-to-earnings ratio of 13.75, a P/E/G ratio of 1.19 and a beta of 1.24. Capital One Financial Co. has a 52-week low of $128.23 and a 52-week high of $210.67. The business has a 50 day moving average of $182.96 and a 200-day moving average of $179.02. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.31. The company had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. Capital One Financial's quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.81 EPS. As a group, sell-side analysts expect that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a $0.60 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 annualized dividend and a dividend yield of 1.50%. Capital One Financial's dividend payout ratio (DPR) is presently 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.