Westpac Banking Corp Has $2.80 Million Holdings in Capital One Financial Co. (NYSE:COF)

Westpac Banking Corp lowered its holdings in Capital One Financial Co. (NYSE:COF - Free Report) by 51.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,707 shares of the financial services provider's stock after selling 16,594 shares during the period. Westpac Banking Corp's holdings in Capital One Financial were worth $2,801,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in COF. Bfsg LLC acquired a new position in Capital One Financial in the fourth quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Capital One Financial in the 4th quarter valued at approximately $27,000. TruNorth Capital Management LLC bought a new stake in shares of Capital One Financial during the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. acquired a new stake in shares of Capital One Financial during the 4th quarter worth approximately $32,000. Finally, Decker Retirement Planning Inc. bought a new position in Capital One Financial in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Trading Up 15.1 %

NYSE COF traded up $23.06 on Wednesday, reaching $175.41. The company had a trading volume of 10,826,787 shares, compared to its average volume of 3,019,344. The firm has a market cap of $66.92 billion, a price-to-earnings ratio of 15.13, a P/E/G ratio of 1.19 and a beta of 1.24. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $210.67. The business has a 50 day moving average of $183.73 and a two-hundred day moving average of $178.92.

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Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.31. The company had revenue of $10.19 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.81 earnings per share. Analysts forecast that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $0.60 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.37%. Capital One Financial's dividend payout ratio (DPR) is currently 20.71%.

Analyst Ratings Changes

COF has been the topic of a number of research analyst reports. BTIG Research raised Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 target price on the stock in a report on Tuesday, March 25th. Royal Bank of Canada raised their price objective on Capital One Financial from $190.00 to $200.00 and gave the company a "sector perform" rating in a research note on Wednesday, January 22nd. Hsbc Global Res raised Capital One Financial from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 14th. UBS Group upgraded shares of Capital One Financial from a "neutral" rating to a "buy" rating and raised their price target for the company from $168.00 to $235.00 in a research note on Monday, January 13th. Finally, Evercore ISI upgraded shares of Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 price objective for the company in a research report on Wednesday, March 12th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Capital One Financial presently has an average rating of "Moderate Buy" and an average price target 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.