Morningstar Investment Management LLC Trims Stock Position in Capital One Financial Co. (NYSE:COF)

Morningstar Investment Management LLC lessened its stake in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 73.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,576 shares of the financial services provider's stock after selling 7,184 shares during the period. Morningstar Investment Management LLC's holdings in Capital One Financial were worth $459,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of COF. Asset Management One Co. Ltd. raised its stake in Capital One Financial by 5.3% during the third quarter. Asset Management One Co. Ltd. now owns 146,769 shares of the financial services provider's stock worth $21,976,000 after purchasing an additional 7,331 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Capital One Financial by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 430,654 shares of the financial services provider's stock worth $64,482,000 after buying an additional 17,825 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Capital One Financial by 4.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,174 shares of the financial services provider's stock valued at $8,234,000 after buying an additional 2,006 shares during the period. Catalina Capital Group LLC lifted its holdings in Capital One Financial by 8.1% in the third quarter. Catalina Capital Group LLC now owns 1,609 shares of the financial services provider's stock valued at $241,000 after acquiring an additional 121 shares during the last quarter. Finally, CWA Asset Management Group LLC purchased a new position in Capital One Financial in the third quarter worth approximately $1,649,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Capital One Financial Stock Down 2.4 %

NYSE:COF traded down $4.99 during trading hours on Friday, hitting $200.38. The company's stock had a trading volume of 3,960,178 shares, compared to its average volume of 3,417,093. Capital One Financial Co. has a 52-week low of $128.23 and a 52-week high of $210.67. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $76.39 billion, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 1.21 and a beta of 1.47. The stock has a fifty day moving average of $191.14 and a 200-day moving average of $170.00.

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

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 1.20%. Capital One Financial's payout ratio is currently 20.71%.

Wall Street Analyst Weigh In

A number of research firms have commented on COF. Argus upgraded Capital One Financial to a "strong-buy" rating in a research report on Thursday, January 23rd. Truist Financial increased their target price on Capital One Financial from $229.00 to $257.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Evercore ISI lifted their target price on Capital One Financial from $163.00 to $184.00 and gave the company an "in-line" rating in a research report on Wednesday, October 30th. Bank of America raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and increased their price target for the stock from $207.00 to $235.00 in a research report on Wednesday. Finally, Barclays lifted their price objective on shares of Capital One Financial from $219.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Capital One Financial currently has an average rating of "Moderate Buy" and an average target price of $198.50.

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.