Corebridge Financial Inc. Sells 11,167 Shares of Capital One Financial Co. (NYSE:COF)

Corebridge Financial Inc. lessened its holdings in shares of Capital One Financial Co. (NYSE:COF) by 11.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 87,681 shares of the financial services provider’s stock after selling 11,167 shares during the quarter. Corebridge Financial Inc.’s holdings in Capital One Financial were worth $15,635,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in COF. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Capital One Financial in the 3rd quarter valued at $1,627,000. Advisors Asset Management Inc. raised its holdings in Capital One Financial by 11.1% during the third quarter. Advisors Asset Management Inc. now owns 5,555 shares of the financial services provider’s stock valued at $832,000 after buying an additional 557 shares in the last quarter. King Luther Capital Management Corp lifted its position in shares of Capital One Financial by 6.8% in the third quarter. King Luther Capital Management Corp now owns 1,584 shares of the financial services provider’s stock worth $237,000 after buying an additional 101 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Capital One Financial by 3.9% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 33,152 shares of the financial services provider’s stock worth $4,964,000 after acquiring an additional 1,249 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Capital One Financial during the 3rd quarter valued at about $248,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. UBS Group upgraded Capital One Financial from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $168.00 to $235.00 in a report on Monday, January 13th. Argus raised shares of Capital One Financial to a “strong-buy” rating in a report on Thursday, January 23rd. Bank of America upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and raised their target price for the company from $207.00 to $235.00 in a research note on Wednesday, February 19th. Royal Bank of Canada boosted their target price on shares of Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 22nd. 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. Five 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $206.53.

Capital One Financial Trading Up 3.7 %

Shares of Capital One Financial stock opened at $181.29 on Tuesday. The company’s fifty day moving average price is $191.52 and its two-hundred day moving average price is $176.81. The firm has a market capitalization of $69.13 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47. Capital One Financial Co. has a 52-week low of $128.23 and a 52-week high of $210.67. 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 (NYSE:COF) last posted its quarterly 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 firm had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.81 earnings per share. On average, analysts expect that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s dividend payout ratio (DPR) is 20.71%.

About Capital One Financial

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.