Capital One Financial Co. (NYSE:COF) Shares Sold by Tobam

Tobam reduced its stake in shares of Capital One Financial Co. (NYSE:COF) by 14.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,236 shares of the financial services provider’s stock after selling 213 shares during the period. Tobam’s holdings in Capital One Financial were worth $220,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Money Concepts Capital Corp lifted its position in shares of Capital One Financial by 4.1% during the fourth quarter. Money Concepts Capital Corp now owns 1,565 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 61 shares during the last quarter. Grove Bank & Trust raised its stake in Capital One Financial by 7.0% during the fourth quarter. Grove Bank & Trust now owns 973 shares of the financial services provider’s stock valued at $174,000 after buying an additional 64 shares in the last quarter. Cerro Pacific Wealth Advisors LLC lifted its holdings in Capital One Financial by 1.1% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 5,861 shares of the financial services provider’s stock worth $1,045,000 after buying an additional 64 shares during the last quarter. Prossimo Advisors LLC grew its position in shares of Capital One Financial by 2.4% in the 3rd quarter. Prossimo Advisors LLC now owns 2,735 shares of the financial services provider’s stock worth $410,000 after acquiring an additional 65 shares in the last quarter. Finally, City Holding Co. raised its position in shares of Capital One Financial by 1.3% during the 4th quarter. City Holding Co. now owns 5,010 shares of the financial services provider’s stock valued at $893,000 after acquiring an additional 65 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling

In other news, insider Michael Zamsky sold 10,541 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the transaction, the insider now owns 26,482 shares in the company, valued at approximately $5,038,465.32. This trade represents a 28.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

COF has been the subject of a number of research reports. Barclays lifted their price objective on shares of Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Argus raised shares of Capital One Financial to a “strong-buy” rating in a report on Thursday, January 23rd. Truist Financial raised their target price 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. Robert W. Baird upped their target price on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, UBS Group raised Capital One Financial from a “neutral” rating to a “buy” rating and raised their price target for the stock from $168.00 to $235.00 in a report on Monday, January 13th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Capital One Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $196.31.

Capital One Financial Stock Down 1.7 %

Capital One Financial stock opened at $203.13 on Friday. The company’s 50-day moving average price is $188.08 and its two-hundred day moving average price is $166.17. The stock has a market cap of $77.44 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 1.24 and a beta of 1.47. Capital One Financial Co. has a 52 week low of $128.23 and a 52 week high of $208.63. 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 (NYSE:COF) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, topping the consensus estimate of $2.78 by $0.31. The firm 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%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.81 earnings per share. On average, analysts expect that Capital One Financial Co. will post 15.44 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.18%. Capital One Financial’s dividend payout ratio is currently 20.71%.

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.