M&T Bank Corp Trims Stock Holdings in Capital One Financial Co. (NYSE:COF)

M&T Bank Corp trimmed its position in Capital One Financial Co. (NYSE:COF) by 0.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,197 shares of the financial services provider’s stock after selling 1,156 shares during the period. M&T Bank Corp’s holdings in Capital One Financial were worth $13,845,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Western Pacific Wealth Management LP bought a new position in shares of Capital One Financial in the 3rd quarter worth approximately $31,000. Neo Ivy Capital Management bought a new position in Capital One Financial during the 2nd quarter valued at about $37,000. Investors Asset Management of Georgia Inc. GA ADV raised its holdings in shares of Capital One Financial by 200.0% during the third quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 450 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 300 shares during the last quarter. Leelyn Smith LLC purchased a new stake in Capital One Financial during the 3rd quarter valued at $61,000. Finally, First Command Bank bought a new position in shares of Capital One Financial during the 3rd quarter valued at $63,000. 88.30% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

NYSE:COF opened at $92.93 on Thursday. 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 Co. has a 52 week low of $86.98 and a 52 week high of $144.73. The stock’s 50-day moving average price is $108.16 and its 200-day moving average price is $102.12. The stock has a market capitalization of $35.41 billion, a PE ratio of 5.22, a price-to-earnings-growth ratio of 0.95 and a beta of 1.49.

Capital One Financial (NYSE:COF – Get Rating) last released its quarterly earnings results on Tuesday, January 24th. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.81 by ($0.99). Capital One Financial had a net margin of 19.18% and a return on equity of 13.52%. The company had revenue of $9.04 billion during the quarter, compared to analyst estimates of $9.07 billion. During the same period in the prior year, the business posted $5.41 EPS. Capital One Financial’s revenue was up 11.4% compared to the same quarter last year. As a group, equities analysts expect that Capital One Financial Co. will post 14.45 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 17th. Stockholders of record on Monday, February 6th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date was Friday, February 3rd. Capital One Financial’s dividend payout ratio (DPR) is 13.48%.

Analysts Set New Price Targets

COF has been the topic of a number of recent research reports. Jefferies Financial Group downgraded Capital One Financial from a “buy” rating to a “hold” rating and lowered their target price for the company from $120.00 to $100.00 in a report on Tuesday, January 10th. Wells Fargo & Company lowered their price target on shares of Capital One Financial from $120.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, January 4th. TheStreet raised shares of Capital One Financial from a “c+” rating to a “b-” rating in a report on Friday, January 27th. BMO Capital Markets lowered their target price on shares of Capital One Financial from $152.00 to $141.00 and set an “outperform” rating on the stock in a report on Wednesday, January 25th. Finally, Odeon Capital Group downgraded shares of Capital One Financial from a “hold” rating to a “sell” rating and set a $94.20 target price on the stock. in a report on Thursday, March 2nd. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Capital One Financial has a consensus rating of “Hold” and a consensus target price of $121.12.

About Capital One Financial

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Capital One Financial Corp. operates as a financial holding company. The firm engages in the provision of financial products and services. It operates through the following segments: Credit Card, Consumer Banking and Commercial Banking. The Credit Card segment includes domestic consumer and small business card lending, and international card lending businesses.