Capital One Financial Co. (NYSE:COF) Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its position in Capital One Financial Co. (NYSE:COF - Free Report) by 24.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,438,173 shares of the financial services provider's stock after selling 793,413 shares during the quarter. Legal & General Group Plc owned 0.64% of Capital One Financial worth $434,775,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in COF. Vanguard Group Inc. boosted its holdings in Capital One Financial by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 31,744,818 shares of the financial services provider's stock worth $5,660,736,000 after purchasing an additional 234,863 shares during the period. Franklin Resources Inc. lifted its position in shares of Capital One Financial by 3.2% in the 4th quarter. Franklin Resources Inc. now owns 10,718,860 shares of the financial services provider's stock worth $1,911,387,000 after buying an additional 331,595 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Capital One Financial by 2.6% in 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 during the period. FMR LLC grew its position in shares of Capital One Financial by 21.6% during the 4th quarter. FMR LLC now owns 8,077,886 shares of the financial services provider's stock valued at $1,440,449,000 after buying an additional 1,436,935 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Capital One Financial by 38.7% during the fourth quarter. Invesco Ltd. now owns 4,117,444 shares of the financial services provider's stock worth $734,223,000 after acquiring an additional 1,148,443 shares during the period. 89.84% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

COF has been the subject of a number of research reports. UBS Group upgraded Capital One Financial from a "neutral" rating to a "buy" rating and lifted their target price for the company from $168.00 to $235.00 in a research note on Monday, January 13th. Bank of America upgraded Capital One Financial from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $207.00 to $235.00 in a research report on Wednesday, February 19th. Robert W. Baird raised Capital One Financial from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $190.00 to $200.00 in a research report on Tuesday, March 11th. Royal Bank of Canada boosted their price target on shares of Capital One Financial from $190.00 to $200.00 and gave the company a "sector perform" rating in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company increased their price objective on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 3rd. Four equities research 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's stock. According to MarketBeat, Capital One Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $206.73.

Capital One Financial Price Performance

NYSE:COF traded down $1.16 during midday trading on Friday, hitting $161.00. 5,339,028 shares of the stock were exchanged, compared to its average volume of 3,047,057. The company has a market capitalization of $61.42 billion, a price-to-earnings ratio of 13.89, a P/E/G ratio of 1.19 and a beta of 1.24. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. Capital One Financial Co. has a one year low of $128.23 and a one year high of $210.67. The business has a 50-day moving average price of $182.18 and a two-hundred day moving average price of $179.34.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the previous year, the business earned $2.81 EPS. The company's quarterly revenue was up 7.2% compared to the same quarter last year. Sell-side analysts predict that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

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

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.