Convergence Investment Partners LLC Lowers Stock Holdings in Capital One Financial Co. (NYSE:COF)

Convergence Investment Partners LLC reduced its stake in Capital One Financial Co. (NYSE:COF) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,769 shares of the financial services provider’s stock after selling 159 shares during the period. Convergence Investment Partners LLC’s holdings in Capital One Financial were worth $1,920,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bfsg LLC bought a new stake in Capital One Financial in the 4th quarter valued at $27,000. Decker Retirement Planning Inc. bought a new stake in Capital One Financial in the 4th quarter valued at $32,000. Catalyst Capital Advisors LLC bought a new stake in Capital One Financial in the 3rd quarter valued at $36,000. Creative Financial Designs Inc. ADV increased its holdings in Capital One Financial by 135.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 166 shares during the last quarter. Finally, Eastern Bank bought a new stake in Capital One Financial in the 3rd quarter valued at $44,000. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Price Performance

Shares of COF opened at $203.06 on Wednesday. The company has a 50 day moving average price of $190.24 and a 200-day moving average price of $169.47. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $208.63. The stock has a market capitalization of $77.41 billion, a PE ratio of 17.52, a PEG ratio of 1.26 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 posted its quarterly earnings data 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 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%. Capital One Financial’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.81 EPS. Equities analysts predict that Capital One Financial Co. will post 15.41 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Tuesday, February 18th. This represents a $2.40 annualized dividend and a dividend yield of 1.18%. Capital One Financial’s dividend payout ratio (DPR) is presently 20.71%.

Analyst Ratings Changes

A number of analysts have recently weighed in on COF shares. UBS Group upgraded shares of 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. Keefe, Bruyette & Woods boosted their target price on shares of Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Robert W. Baird upped their price target on shares of Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Evercore ISI upped their price target on shares of Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Finally, Argus upgraded shares of Capital One Financial to a “strong-buy” rating in a report on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $196.31.

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.