FourThought Financial LLC Sells 419 Shares of Capital One Financial Co. (NYSE:COF)

FourThought Financial LLC cut its stake in Capital One Financial Co. (NYSE:COF) by 19.7% in the third quarter, Holdings Channel reports. The institutional investor owned 1,707 shares of the financial services provider’s stock after selling 419 shares during the period. FourThought Financial LLC’s holdings in Capital One Financial were worth $157,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. SVB Wealth LLC lifted its position in Capital One Financial by 13.1% in the third quarter. SVB Wealth LLC now owns 15,439 shares of the financial services provider’s stock worth $1,423,000 after buying an additional 1,791 shares during the last quarter. Pinnacle Associates Ltd. lifted its position in Capital One Financial by 2.8% in the third quarter. Pinnacle Associates Ltd. now owns 12,411 shares of the financial services provider’s stock worth $1,144,000 after buying an additional 337 shares during the last quarter. Sigma Planning Corp increased its stake in Capital One Financial by 124.5% in the third quarter. Sigma Planning Corp now owns 5,797 shares of the financial services provider’s stock worth $534,000 after purchasing an additional 3,215 shares during the period. Moors & Cabot Inc. increased its stake in Capital One Financial by 17.2% in the third quarter. Moors & Cabot Inc. now owns 4,179 shares of the financial services provider’s stock worth $385,000 after purchasing an additional 613 shares during the period. Finally, Franklin Resources Inc. increased its stake in Capital One Financial by 23.6% in the second quarter. Franklin Resources Inc. now owns 161,156 shares of the financial services provider’s stock worth $16,791,000 after purchasing an additional 30,821 shares during the period. 88.30% of the stock is currently owned by institutional investors.

Capital One Financial Trading Down 4.1 %

NYSE COF opened at $89.71 on Friday. Capital One Financial Co. has a 52 week low of $86.98 and a 52 week high of $144.73. The company has a 50 day moving average price of $108.01 and a 200 day moving average price of $101.94. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.91. The firm has a market cap of $34.19 billion, a PE ratio of 5.04, a price-to-earnings-growth ratio of 0.93 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 the consensus estimate of $3.81 by ($0.99). Capital One Financial had a return on equity of 13.52% and a net margin of 19.18%. The firm had revenue of $9.04 billion during the quarter, compared to analysts’ expectations of $9.07 billion. During the same period in the prior year, the firm posted $5.41 earnings per share. Capital One Financial’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Capital One Financial Co. will post 14.46 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 17th. Shareholders of record on Monday, February 6th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.68%. The ex-dividend date was Friday, February 3rd. Capital One Financial’s dividend payout ratio is currently 13.48%.

Wall Street Analysts Forecast Growth

COF has been the topic of a number of recent analyst reports. TheStreet upgraded Capital One Financial from a “c+” rating to a “b-” rating in a research note on Friday, January 27th. BMO Capital Markets reduced their target price on Capital One Financial from $152.00 to $141.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 25th. Wolfe Research increased their target price on Capital One Financial from $77.00 to $81.00 in a research note on Thursday, December 1st. UBS Group initiated coverage on Capital One Financial in a research note on Monday, November 21st. They issued a “neutral” rating and a $120.00 target price on the stock. Finally, Odeon Capital Group lowered Capital One Financial from a “hold” rating to a “sell” rating and set a $94.20 target price on the stock. in a research note on Thursday, March 2nd. 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. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $121.12.

Capital One Financial Company 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.