Choate Investment Advisors Cuts Stock Holdings in Capital One Financial Co. (NYSE:COF)

Choate Investment Advisors lowered its stake in shares of Capital One Financial Co. (NYSE:COF) by 21.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,277 shares of the financial services provider’s stock after selling 631 shares during the period. Choate Investment Advisors’ holdings in Capital One Financial were worth $406,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bfsg LLC purchased a new position in Capital One Financial during the fourth quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Capital One Financial in the fourth quarter worth $27,000. TruNorth Capital Management LLC acquired a new stake in shares of Capital One Financial in the fourth quarter worth $29,000. SBI Securities Co. Ltd. acquired a new stake in shares of Capital One Financial in the fourth quarter worth $32,000. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Capital One Financial in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

Shares of COF stock opened at $165.06 on Tuesday. The firm has a fifty day moving average of $192.01 and a two-hundred day moving average of $175.78. 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 Co. has a 1-year low of $128.23 and a 1-year high of $210.67. The firm has a market cap of $62.94 billion, a P/E ratio of 14.24, a P/E/G ratio of 1.19 and a beta of 1.47.

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 analysts’ consensus estimates 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 company had revenue of $10.19 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same period last year, the firm posted $2.81 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, research analysts anticipate that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.45%. Capital One Financial’s payout ratio is currently 20.71%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Barclays increased their price objective on shares of Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Evercore ISI raised shares of Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 price objective for the company in a research report on Wednesday, March 12th. Hsbc Global Res raised shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Argus raised shares of Capital One Financial to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a report on Monday, December 9th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.67.

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.