Legato Capital Management LLC Lowers Holdings in Capital One Financial Co. (NYSE:COF)

Legato Capital Management LLC decreased its holdings in Capital One Financial Co. (NYSE:COF - Free Report) by 14.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,985 shares of the financial services provider's stock after selling 1,841 shares during the quarter. Legato Capital Management LLC's holdings in Capital One Financial were worth $1,959,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Capital One Financial by 0.5% in the third quarter. State Street Corp now owns 16,506,861 shares of the financial services provider's stock worth $2,471,572,000 after purchasing an additional 74,784 shares in the last quarter. Franklin Resources Inc. raised its holdings in Capital One Financial by 2.8% in the third quarter. Franklin Resources Inc. now owns 10,387,265 shares of the financial services provider's stock worth $1,649,488,000 after purchasing an additional 280,462 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Capital One Financial by 0.7% in the third quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider's stock worth $1,451,527,000 after purchasing an additional 72,097 shares in the last quarter. Geode Capital Management LLC raised its holdings in Capital One Financial by 2.0% in the third quarter. Geode Capital Management LLC now owns 8,020,160 shares of the financial services provider's stock worth $1,198,664,000 after purchasing an additional 159,616 shares in the last quarter. Finally, FMR LLC raised its holdings in Capital One Financial by 21.4% in the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider's stock worth $994,350,000 after purchasing an additional 1,169,395 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Capital One Financial Stock Performance

Shares of COF stock traded up $4.94 during trading hours on Friday, reaching $202.25. 2,506,325 shares of the company traded hands, compared to its average volume of 3,573,576. Capital One Financial Co. has a 12-month low of $128.23 and a 12-month high of $208.63. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $77.10 billion, a P/E ratio of 17.45, a P/E/G ratio of 1.26 and a beta of 1.47. The firm has a 50-day moving average price of $189.51 and a 200 day moving average price of $168.35.

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 earnings per share for the quarter, beating 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 firm had revenue of $10.19 billion for the quarter, compared to analysts' expectations of $10.22 billion. During the same period in the previous year, the firm earned $2.81 EPS. The business's quarterly revenue was up 7.2% on a year-over-year basis. As a group, sell-side analysts predict that Capital One Financial Co. will post 15.41 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.60 per share. The ex-dividend date is Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.19%. Capital One Financial's payout ratio is currently 20.71%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. UBS Group upgraded Capital One Financial from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $168.00 to $235.00 in a report on Monday, January 13th. HSBC upgraded Capital One Financial from a "reduce" rating to a "hold" rating and set a $176.00 price target for the company in a report on Tuesday, January 14th. Evercore ISI raised their price target on Capital One Financial from $163.00 to $184.00 and gave the company an "in-line" rating in a report on Wednesday, October 30th. Barclays raised their price target on Capital One Financial from $219.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. Finally, Royal Bank of Canada raised their price target on Capital One Financial from $190.00 to $200.00 and gave the company a "sector perform" rating in a report on Wednesday, January 22nd. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $196.31.

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.