Frank Rimerman Advisors LLC Lowers Holdings in Capital One Financial Co. (NYSE:COF)

Frank Rimerman Advisors LLC trimmed its position in Capital One Financial Co. (NYSE:COF) by 16.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,067 shares of the financial services provider’s stock after selling 601 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Capital One Financial were worth $547,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in COF. Bfsg LLC purchased a new stake in shares of Capital One Financial in the 4th quarter worth $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Capital One Financial in the 4th quarter worth $27,000. TruNorth Capital Management LLC purchased a new stake in shares of Capital One Financial in the 4th quarter worth $29,000. Decker Retirement Planning Inc. bought a new position in shares of Capital One Financial in the 4th quarter worth $32,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Capital One Financial in the 4th quarter worth $32,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

COF has been the subject of several recent research reports. Barclays boosted their price target on Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Robert W. Baird raised Capital One Financial from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $190.00 to $200.00 in a research report on Tuesday, March 11th. Royal Bank of Canada boosted their price target on Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 22nd. Truist Financial boosted their price target on Capital One Financial from $229.00 to $257.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods boosted their price target on Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.67.

Capital One Financial Stock Performance

Shares of COF stock opened at $172.06 on Monday. The company has a market capitalization of $65.61 billion, a P/E ratio of 14.85, a P/E/G ratio of 1.19 and a beta of 1.47. The business’s 50 day moving average is $192.37 and its two-hundred day moving average is $175.64. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. Capital One Financial Co. has a 12-month low of $128.23 and a 12-month high of $210.67.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. The company had revenue of $10.19 billion for the quarter, compared to the consensus estimate of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. Capital One Financial’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.81 earnings per share. Analysts expect that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 annualized dividend and a dividend yield of 1.39%. Capital One Financial’s dividend payout ratio (DPR) 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.