44 Wealth Management LLC Lowers Position in Capital One Financial Co. (NYSE:COF)

44 Wealth Management LLC lessened its holdings in Capital One Financial Co. (NYSE:COF) by 7.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,276 shares of the financial services provider’s stock after selling 96 shares during the period. 44 Wealth Management LLC’s holdings in Capital One Financial were worth $228,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in COF. Foundations Investment Advisors LLC raised its position in shares of Capital One Financial by 14.6% in the third quarter. Foundations Investment Advisors LLC now owns 2,024 shares of the financial services provider’s stock worth $303,000 after buying an additional 258 shares in the last quarter. Eastern Bank purchased a new stake in shares of Capital One Financial in the third quarter worth $44,000. Private Advisor Group LLC raised its position in Capital One Financial by 10.4% during the third quarter. Private Advisor Group LLC now owns 8,601 shares of the financial services provider’s stock valued at $1,288,000 after purchasing an additional 808 shares in the last quarter. Ballentine Partners LLC raised its position in Capital One Financial by 18.0% during the third quarter. Ballentine Partners LLC now owns 3,935 shares of the financial services provider’s stock valued at $589,000 after purchasing an additional 601 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Capital One Financial by 2.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,042 shares of the financial services provider’s stock valued at $6,197,000 after purchasing an additional 933 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Down 2.4 %

NYSE COF opened at $200.38 on Friday. 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 stock has a market capitalization of $76.39 billion, a PE ratio of 17.29, a PEG ratio of 1.19 and a beta of 1.47. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $210.67. The business’s 50-day moving average is $191.46 and its 200 day moving average is $170.73.

Capital One Financial (NYSE:COF) last posted its earnings results 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. The company had revenue of $10.19 billion for 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%. Capital One Financial’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the firm earned $2.81 earnings per share. Sell-side analysts forecast that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders 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 annualized dividend and a yield of 1.20%. Capital One Financial’s payout ratio is 20.71%.

Wall Street Analyst Weigh In

COF has been the topic of a number of research reports. The Goldman Sachs Group raised their price target on Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. raised their price target on Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, December 9th. Truist Financial raised their price target on Capital One Financial from $229.00 to $257.00 and gave the company a “buy” rating in a research report on Monday, January 27th. 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 research report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods raised their price target on Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock 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.