IMA Wealth Inc. cut its equity position in Capital One Financial Co. (NYSE:COF – Get Rating) by 51.5% in the third quarter, according to its latest filing with the Securities and Exchange Commission. The company owned 10,334 shares in the financial services provider after selling his 10,972 shares during the quarter. IMA Wealth Inc.’s holdings in Capital One Financial were valued at $952,000 as of the latest SEC filing.
Other big investors have also changed positions in the company. Blume Capital Management Inc. raised his position in Capital One Financial shares by 0.9% in the third quarter. Blume Capital Management Inc. now owns 58,204 shares of the financial services provider worth $5,365,000 after purchasing an additional 525 of his shares last quarter. EPG Wealth Management LLC increased its position in Capital One Financial by 37.3% in the third quarter. EPG Wealth Management LLC now owns 4,315 shares of the financial services provider worth $398,000 after acquiring an additional 1,172 of his shares last quarter. Jacobs Levy Equity Management Inc. increased its position in Capital One Financial by 14.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 204,024 shares of the financial services provider worth $18,805,000 after acquiring an additional 25,723 shares during the previous quarter. The Public Employees Retirement Association of Colorado increased its position in Capital One Financial by 2.7% in the third quarter. The Public Employees Retirement Association of Colorado owns 68,447 shares of the financial services provider worth $6,309,000 after acquiring an additional 1,789 shares during the previous quarter. Finally, Colony Group LLC increased its stake in Capital One Financial by 4.6% in the third quarter. Colony Group LLC now owns 154,868 shares of the financial services provider worth $14,274,000 after purchasing an additional 6,876 shares during the period. Currently 88.30% of the shares are owned by institutional investors.
Capital One Financial Price Performance
NYSE COF shares fell $1.27 in midday trading on Friday to reach $99.67. The stock traded 1,708,027 shares with an average turnover of 3,217,782 shares. The company has a market capitalization of $37.98 billion, a PE ratio of 5.67, a P/E/G ratio of 1.02 and a beta of 1.49. His 50-day simple moving average for this stock is $108.05 and its 200-day simple moving average is $102.61. Capital One Financial Co. has a one-year low of $86.98 and a one-year high of $144.73. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt to equity ratio of 0.91.
Capital One Financial (NYSE:COF – Get Rating) announced final results on Tuesday, Jan. 24. The financial services provider reported earnings of $2.82 per share for the quarter, beating consensus expectations of $3.81 ($0.99). Capital One Financial’s net profit margin was 19.18% and return on equity was 13.52%. The company made $9.04 billion in revenue during the quarter, compared to analyst estimates of $9.07 billion. During the same quarter last year, the business earned his EPS of $5.41. Business revenue increased by 11.4% compared to the same period last year. On average, sell-side analysts expect Capital One Financial Co. to post his 14.45 EPS this fiscal year.
Capital One Financial Announces Dividend
The company recently announced its quarterly dividend, which was paid on Friday, February 17th. Investors of record on Monday, February 6 were awarded a dividend of $0.60 per share. The ex-dividend date for this dividend was Friday, February 3. This represents his $2.40 dividend and his 2.41% yield on an annual basis. Capital One Financial’s payout rate is 13.48%.
Analyst upgrades and downgrades
Several brokerage firms are considering COF. Jefferies Financial Group downgraded Capital One Financial’s rating from ‘buy’ to ‘hold’ and lowered its price target from $120.00 to $100.00 in a report on Tuesday, January 10. Wells Fargo & Company lowered its price target for Capital One Financial from $120.00 to $115.00, setting the company’s “overweight” rating in its research notes on Wednesday, January 4. Odeon Capital Group has downgraded Capital One Financial from ‘hold’ to ‘sold’ and has set a price target of $94.20. In a research notebook on Thursday, March 2nd. BMO Capital Markets lowered Capital One Financial’s price target from $152.00 to $141.00, giving it an “excellent” rating in its research notes on Wednesday, January 25th. Finally, Barclays downgraded Capital One Financial from an ‘overweight’ rating to an ‘equal weight’ rating and lowered the company’s price target from $160.00 to $119.00 in its research notes on Tuesday, January 3. Four equity research analysts gave the company’s stock a sell rating, seven issued a hold rating, and five issued a buy rating. Based on MarketBeat.com data, the stock currently has an average rating of Hold and a consensus target price of $121.12.
Financial Profile of Capital One
Capital One Financial Corp. operates as a financial holding company. The company is engaged in the provision of financial products and services. It operates in the credit card, consumer banking and commercial banking segments. The Credit Card segment includes domestic consumer and small business card lending and international card lending operations.
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