Mitsubishi UFJ Trust & Banking Corp Trims Holdings in Capital One Financial Co. (NYSE:COF)

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of Capital One Financial Co. (NYSE:COF) by 7.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 202,697 shares of the financial services provider’s stock after selling 17,329 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.05% of Capital One Financial worth $36,145,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of COF. Advisors Asset Management Inc. boosted its holdings in Capital One Financial by 11.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 5,555 shares of the financial services provider’s stock worth $832,000 after buying an additional 557 shares during the period. Intech Investment Management LLC bought a new stake in Capital One Financial during the third quarter valued at about $248,000. Great Valley Advisor Group Inc. lifted its position in shares of Capital One Financial by 14.0% in the third quarter. Great Valley Advisor Group Inc. now owns 3,116 shares of the financial services provider’s stock valued at $467,000 after acquiring an additional 382 shares in the last quarter. Kingsview Wealth Management LLC boosted its stake in shares of Capital One Financial by 51.3% in the third quarter. Kingsview Wealth Management LLC now owns 7,864 shares of the financial services provider’s stock worth $1,177,000 after acquiring an additional 2,667 shares during the period. Finally, Swedbank AB grew its position in shares of Capital One Financial by 13.4% during the third quarter. Swedbank AB now owns 68,244 shares of the financial services provider’s stock worth $10,218,000 after purchasing an additional 8,074 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Stock Performance

NYSE COF opened at $179.88 on Thursday. The business’s 50 day moving average price is $191.26 and its 200-day moving average price is $177.14. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $210.67. The company has a market cap of $68.59 billion, a P/E ratio of 15.52, a P/E/G ratio of 1.19 and a beta of 1.47. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98.

Capital One Financial (NYSE:COF) last announced its 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. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The business had revenue of $10.19 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the prior year, the firm posted $2.81 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. Sell-side analysts predict that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders 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 annualized dividend and a dividend yield of 1.33%. Capital One Financial’s dividend payout ratio (DPR) is presently 20.71%.

Wall Street Analysts Forecast Growth

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 price target on the stock in a report on Tuesday. Baird R W raised shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. Citigroup cut their target price on shares of Capital One Financial from $245.00 to $230.00 and set a “buy” rating for the company in a research note on Monday. Evercore ISI upgraded shares of Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 price target on the stock in a research note on Wednesday, March 12th. Finally, Hsbc Global Res upgraded Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $206.63.

Capital One Financial Company 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.