Rhumbline Advisers Sells 22,394 Shares of Capital One Financial Co. (NYSE:COF)

Rhumbline Advisers reduced its stake in Capital One Financial Co. (NYSE:COF) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 748,822 shares of the financial services provider’s stock after selling 22,394 shares during the period. Rhumbline Advisers’ holdings in Capital One Financial were worth $133,530,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in COF. Decker Retirement Planning Inc. purchased a new stake in shares of Capital One Financial in the fourth quarter worth $32,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Capital One Financial in the third quarter worth $36,000. Creative Financial Designs Inc. ADV raised its position in shares of Capital One Financial by 135.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock worth $43,000 after buying an additional 166 shares in the last quarter. Eastern Bank purchased a new stake in shares of Capital One Financial in the third quarter worth $44,000. Finally, Prospera Private Wealth LLC purchased a new stake in shares of Capital One Financial in the third quarter worth $47,000. 89.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on COF. UBS Group upgraded Capital One Financial from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $168.00 to $235.00 in a research report on Monday, January 13th. The Goldman Sachs Group lifted their price target on Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. HSBC raised Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price target for the company in a research note on Tuesday, January 14th. Wells Fargo & Company lifted their price target on Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Finally, Robert W. Baird lifted their price target on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and a consensus price target of $196.31.

Capital One Financial Trading Up 2.5 %

NYSE COF opened at $202.25 on Friday. Capital One Financial Co. has a 1-year low of $128.23 and a 1-year high of $208.63. 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 stock has a 50-day moving average of $189.51 and a 200-day moving average of $168.35. The firm has a market cap of $77.10 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 1.26 and a beta of 1.47.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, beating 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 company had revenue of $10.19 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the previous year, the business earned $2.81 EPS. Capital One Financial’s revenue was up 7.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Capital One Financial Co. will post 15.41 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 1.19%. Capital One Financial’s dividend payout ratio is presently 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.