Capital One Financial Co. (NYSE:COF) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN cut its holdings in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 14.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 892,228 shares of the financial services provider's stock after selling 149,058 shares during the quarter. Wells Fargo & Company MN owned about 0.23% of Capital One Financial worth $159,102,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in Capital One Financial by 4.3% during the third quarter. Principal Financial Group Inc. now owns 430,654 shares of the financial services provider's stock worth $64,482,000 after purchasing an additional 17,825 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Capital One Financial by 4.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,174 shares of the financial services provider's stock worth $8,234,000 after purchasing an additional 2,006 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Capital One Financial by 2.6% in the fourth 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 purchasing an additional 207,427 shares in the last quarter. Artemis Investment Management LLP purchased a new position in Capital One Financial in the fourth quarter valued at approximately $46,915,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Capital One Financial by 9.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 250,696 shares of the financial services provider's stock worth $44,704,000 after purchasing an additional 22,063 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

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Capital One Financial Price Performance

Shares of COF stock traded down $5.03 during mid-day trading on Friday, reaching $157.13. The stock had a trading volume of 1,703,124 shares, compared to its average volume of 3,027,388. Capital One Financial Co. has a 12-month low of $128.23 and a 12-month 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 business has a 50-day simple moving average of $182.96 and a 200 day simple moving average of $179.02. The company has a market cap of $59.94 billion, a P/E ratio of 13.58, a price-to-earnings-growth ratio of 1.19 and a beta of 1.24.

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

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 1.53%. Capital One Financial's dividend payout ratio (DPR) is currently 20.71%.

Wall Street Analyst Weigh In

A number of research firms recently commented on COF. Hsbc Global Res raised shares of Capital One Financial from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 14th. Argus raised Capital One Financial to a "strong-buy" rating in a report on Thursday, January 23rd. Truist Financial reduced their target price on Capital One Financial from $257.00 to $215.00 and set a "buy" rating for the company in a report on Friday, March 21st. Barclays upped their target price on Capital One Financial from $219.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. Finally, HSBC upgraded Capital One Financial from a "reduce" rating to a "hold" rating and set a $176.00 price objective for the company in a research note on Tuesday, January 14th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $206.73.

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.