Picton Mahoney Asset Management Sells 250 Shares of Capital One Financial Co. (NYSE:COF)

Picton Mahoney Asset Management lowered its stake in shares of Capital One Financial Co. (NYSE:COF) by 33.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 500 shares of the financial services provider’s stock after selling 250 shares during the period. Picton Mahoney Asset Management’s holdings in Capital One Financial were worth $89,000 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. Norden Group LLC lifted its holdings in Capital One Financial by 2.6% during the 4th quarter. Norden Group LLC now owns 2,010 shares of the financial services provider’s stock worth $358,000 after purchasing an additional 51 shares in the last quarter. Catalyst Financial Partners LLC increased its position in shares of Capital One Financial by 3.9% during the fourth quarter. Catalyst Financial Partners LLC now owns 1,428 shares of the financial services provider’s stock valued at $255,000 after buying an additional 54 shares during the period. Gladstone Institutional Advisory LLC lifted its holdings in shares of Capital One Financial by 3.3% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 1,777 shares of the financial services provider’s stock worth $317,000 after buying an additional 56 shares in the last quarter. TFB Advisors LLC boosted its position in shares of Capital One Financial by 4.1% in the fourth quarter. TFB Advisors LLC now owns 1,488 shares of the financial services provider’s stock valued at $265,000 after acquiring an additional 59 shares during the period. Finally, Money Concepts Capital Corp boosted its position in shares of Capital One Financial by 4.1% in the fourth quarter. Money Concepts Capital Corp now owns 1,565 shares of the financial services provider’s stock valued at $279,000 after acquiring an additional 61 shares during the period. 89.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

COF has been the topic of several recent analyst reports. Wells Fargo & Company increased their target price on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Bank of America upgraded Capital One Financial from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $207.00 to $235.00 in a research report on Wednesday, February 19th. JPMorgan Chase & Co. boosted their target price on Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Robert W. Baird upgraded Capital One Financial from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $190.00 to $200.00 in a research report on Tuesday, March 11th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of 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 investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $206.67.

Capital One Financial Stock Performance

NYSE COF opened at $172.06 on Monday. The company has a 50-day simple moving average of $192.37 and a two-hundred day simple moving average of $175.64. Capital One Financial Co. has a 12-month low of $128.23 and a 12-month high of $210.67. The firm has a market cap of $65.61 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 1.19 and a beta of 1.47. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.31. The company had revenue of $10.19 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.81 EPS. On average, equities analysts forecast that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s payout ratio is 20.71%.

Capital One Financial Profile

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.