G&S Capital LLC Reduces Position in Capital One Financial Co. (NYSE:COF)

G&S Capital LLC trimmed its holdings in Capital One Financial Co. (NYSE:COF) by 14.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,287 shares of the financial services provider’s stock after selling 2,316 shares during the quarter. G&S Capital LLC’s holdings in Capital One Financial were worth $2,369,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Asset Management One Co. Ltd. increased its stake in Capital One Financial by 5.3% in the third quarter. Asset Management One Co. Ltd. now owns 146,769 shares of the financial services provider’s stock worth $21,976,000 after purchasing an additional 7,331 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Capital One Financial by 4.3% in the third quarter. Principal Financial Group Inc. now owns 430,654 shares of the financial services provider’s stock worth $64,482,000 after purchasing an additional 17,825 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Capital One Financial by 4.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,174 shares of the financial services provider’s stock worth $8,234,000 after buying an additional 2,006 shares during the period. Catalina Capital Group LLC increased its stake in Capital One Financial by 8.1% in the 3rd quarter. Catalina Capital Group LLC now owns 1,609 shares of the financial services provider’s stock worth $241,000 after buying an additional 121 shares during the period. Finally, CWA Asset Management Group LLC bought a new stake in Capital One Financial during the 3rd quarter valued at about $1,649,000. 89.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on COF. UBS Group upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and upped their target price for the stock from $168.00 to $235.00 in a research note on Monday, January 13th. Bank of America cut Capital One Financial from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $203.00 to $200.00 in a research note on Monday, December 9th. HSBC raised Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 target price for the company in a research report on Tuesday, January 14th. Barclays raised their price target on Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Argus raised shares of Capital One Financial to a “strong-buy” rating in a research note on Thursday, January 23rd. Nine equities research 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $196.31.

Capital One Financial Stock Performance

Shares of COF stock opened at $196.36 on Thursday. Capital One Financial Co. has a 12-month low of $128.23 and a 12-month high of $208.63. The business’s fifty day simple moving average is $188.99 and its 200-day simple moving average is $167.78. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The company has a market cap of $74.86 billion, a PE ratio of 16.94, a PEG ratio of 1.26 and a beta of 1.47.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.31. The company had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.81 EPS. Analysts expect that Capital One Financial Co. will post 15.41 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Tuesday, February 18th. Capital One Financial’s payout ratio is currently 20.71%.

About Capital One Financial

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.