Sound Shore Management Inc. CT Has $126.84 Million Position in Capital One Financial Co. (NYSE:COF)

Sound Shore Management Inc. CT trimmed its position in Capital One Financial Co. (NYSE:COF) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 711,288 shares of the financial services provider’s stock after selling 21,099 shares during the quarter. Capital One Financial makes up 4.2% of Sound Shore Management Inc. CT’s portfolio, making the stock its biggest position. Sound Shore Management Inc. CT owned 0.19% of Capital One Financial worth $126,837,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norden Group LLC increased its position in Capital One Financial by 2.6% in the fourth quarter. Norden Group LLC now owns 2,010 shares of the financial services provider’s stock worth $358,000 after purchasing an additional 51 shares during the period. Catalyst Financial Partners LLC increased its position in Capital One Financial by 3.9% in the fourth quarter. Catalyst Financial Partners LLC now owns 1,428 shares of the financial services provider’s stock worth $255,000 after purchasing an additional 54 shares during the period. Gladstone Institutional Advisory LLC increased its position in Capital One Financial by 3.3% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 1,777 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 56 shares during the period. TFB Advisors LLC increased its position in Capital One Financial by 4.1% in the fourth quarter. TFB Advisors LLC now owns 1,488 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 59 shares during the period. Finally, Money Concepts Capital Corp increased its position in Capital One Financial by 4.1% in the fourth quarter. Money Concepts Capital Corp now owns 1,565 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 61 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Price Performance

NYSE COF opened at $174.79 on Monday. The business has a 50 day simple moving average of $191.50 and a 200 day simple moving average of $176.54. 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 quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $66.65 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 1.19 and a beta of 1.47.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The firm had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the prior year, the firm posted $2.81 EPS. The business’s revenue was up 7.2% on a year-over-year basis. Analysts anticipate that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared 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. This represents a $2.40 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Tuesday, February 18th. Capital One Financial’s dividend payout ratio (DPR) is currently 20.71%.

Analyst Ratings Changes

A number of brokerages recently commented on COF. JPMorgan Chase & Co. lifted their price objective on Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Bank of America upgraded Capital One Financial from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $207.00 to $235.00 in a research report on Wednesday, February 19th. Truist Financial decreased their target price on Capital One Financial from $257.00 to $215.00 and set a “buy” rating for the company in a research report on Friday. Royal Bank of Canada boosted their target price on 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, Baird R W upgraded Capital One Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and an average price target of $203.87.

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.