Capital One Financial Co. (NYSE:COF) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp lowered its holdings in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 37.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,979 shares of the financial services provider's stock after selling 15,135 shares during the period. Van ECK Associates Corp's holdings in Capital One Financial were worth $4,455,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. MontVue Capital Management Inc. acquired a new position in Capital One Financial during the fourth quarter worth about $206,000. Gladstone Institutional Advisory LLC raised its position in Capital One Financial by 3.3% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 1,777 shares of the financial services provider's stock worth $317,000 after acquiring an additional 56 shares during the last quarter. TFB Advisors LLC grew its holdings in shares of Capital One Financial by 4.1% during the fourth quarter. TFB Advisors LLC now owns 1,488 shares of the financial services provider's stock worth $265,000 after buying an additional 59 shares in the last quarter. Quent Capital LLC grew its holdings in shares of Capital One Financial by 5.7% during the fourth quarter. Quent Capital LLC now owns 1,929 shares of the financial services provider's stock worth $344,000 after buying an additional 104 shares in the last quarter. Finally, Sovran Advisors LLC purchased a new stake in shares of Capital One Financial during the fourth quarter worth about $4,074,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Trading Down 2.4 %

COF traded down $4.99 during trading on Friday, hitting $200.38. 3,960,163 shares of the company's stock were exchanged, compared to its average volume of 3,416,621. 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 1 year low of $128.23 and a 1 year high of $210.67. The stock has a 50 day moving average price of $191.14 and a 200 day moving average price of $170.00. The firm has a market cap 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.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The company had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the previous year, the firm earned $2.81 earnings per share. Capital One Financial's revenue for the quarter was up 7.2% on a year-over-year basis. As a group, analysts expect that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced 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 of this dividend is Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.20%. Capital One Financial's payout ratio is currently 20.71%.

Wall Street Analyst Weigh In

COF has been the subject of a number of recent research reports. HSBC upgraded shares of 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. Wells Fargo & Company lifted their price target 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. Truist Financial lifted their price target on shares of Capital One Financial from $229.00 to $257.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Barclays boosted their target price 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. Finally, Robert W. Baird boosted their target price on shares of Capital One Financial from $145.00 to $150.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Capital One Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $198.50.

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.