Capital One Financial Co. (NYSE:COF) Shares Sold by Industrial Alliance Investment Management Inc.

Industrial Alliance Investment Management Inc. cut its stake in Capital One Financial Co. (NYSE:COF) by 9.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,897 shares of the financial services provider’s stock after selling 2,455 shares during the quarter. Industrial Alliance Investment Management Inc.’s holdings in Capital One Financial were worth $2,295,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Cetera Investment Advisers increased its stake in shares of Capital One Financial by 25.3% in the 1st quarter. Cetera Investment Advisers now owns 7,940 shares of the financial services provider’s stock valued at $1,042,000 after purchasing an additional 1,601 shares in the last quarter. Moors & Cabot Inc. raised its stake in shares of Capital One Financial by 9.2% during the 1st quarter. Moors & Cabot Inc. now owns 3,979 shares of the financial services provider’s stock worth $522,000 after buying an additional 335 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of Capital One Financial by 11.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,959 shares of the financial services provider’s stock valued at $388,000 after buying an additional 303 shares in the last quarter. Candriam Luxembourg S.C.A. lifted its position in shares of Capital One Financial by 4.1% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 43,094 shares of the financial services provider’s stock valued at $5,658,000 after buying an additional 1,698 shares in the last quarter. Finally, Baird Financial Group Inc. increased its holdings in Capital One Financial by 4.2% in the 1st quarter. Baird Financial Group Inc. now owns 25,248 shares of the financial services provider’s stock worth $3,315,000 after acquiring an additional 1,008 shares in the last quarter. Hedge funds and other institutional investors own 88.30% of the company’s stock.

Capital One Financial Stock Performance

Capital One Financial stock opened at $93.56 on Friday. The firm has a 50 day simple moving average of $108.16 and a 200-day simple moving average of $102.06. Capital One Financial Co. has a 1-year low of $86.98 and a 1-year high of $144.73. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $35.65 billion, a price-to-earnings ratio of 5.25, a price-to-earnings-growth ratio of 0.90 and a beta of 1.49.

Capital One Financial (NYSE:COF – Get Rating) last posted its quarterly earnings results on Tuesday, January 24th. The financial services provider reported $2.82 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $9.04 billion during the quarter, compared to analysts’ expectations of $9.07 billion. During the same period last year, the company earned $5.41 EPS. The business’s quarterly revenue was up 11.4% on a year-over-year basis. On average, analysts expect that Capital One Financial Co. will post 14.45 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 17th. Investors of record on Monday, February 6th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, February 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.57%. Capital One Financial’s payout ratio is currently 13.48%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on COF shares. Stephens lowered shares of Capital One Financial from an “equal weight” rating to an “underweight” rating and set a $79.00 target price on the stock. in a research report on Thursday, January 5th. TheStreet upgraded Capital One Financial from a “c+” rating to a “b-” rating in a research note on Friday, January 27th. Odeon Capital Group downgraded Capital One Financial from a “hold” rating to a “sell” rating and set a $94.20 target price on the stock. in a research report on Thursday, March 2nd. Wolfe Research lifted their price target on Capital One Financial from $77.00 to $81.00 in a research note on Thursday, December 1st. Finally, Barclays downgraded Capital One Financial from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $160.00 to $119.00 in a research note on Tuesday, January 3rd. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $121.12.

Capital One Financial Profile

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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.