DnB Asset Management AS Cuts Holdings in Capital One Financial Co. (NYSE:COF)

DnB Asset Management AS lessened its position in shares of Capital One Financial Co. (NYSE:COF) by 52.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 70,907 shares of the financial services provider’s stock after selling 76,860 shares during the quarter. DnB Asset Management AS’s holdings in Capital One Financial were worth $12,644,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Capital One Financial in the fourth quarter valued at approximately $590,279,000. Egerton Capital UK LLP acquired a new stake in shares of Capital One Financial in the fourth quarter worth $279,159,000. International Assets Investment Management LLC purchased a new position in shares of Capital One Financial in the 4th quarter valued at $130,683,000. Wellington Management Group LLP lifted its holdings in shares of Capital One Financial by 268.7% during the 3rd quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock valued at $146,052,000 after acquiring an additional 710,881 shares in the last quarter. Finally, Southpoint Capital Advisors LP acquired a new stake in Capital One Financial in the 3rd quarter valued at $104,811,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Trading Down 2.7 %

NYSE:COF opened at $173.32 on Friday. The company has a market cap of $66.09 billion, a PE ratio of 14.95, a P/E/G ratio of 1.19 and a beta of 1.47. The business’s 50 day moving average is $190.70 and its two-hundred day moving average is $177.63. 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 Co. has a 52 week low of $128.23 and a 52 week high of $210.67.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $10.19 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same period last year, the business posted $2.81 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts predict that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s dividend payout ratio is presently 20.71%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on COF. UBS Group upgraded Capital One Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $168.00 to $235.00 in a research note on Monday, January 13th. Royal Bank of Canada increased their price objective on shares of Capital One Financial from $190.00 to $200.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 22nd. HSBC raised shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 target price on the stock in a research report on Tuesday, January 14th. Citigroup lowered their price target on shares of Capital One Financial from $245.00 to $230.00 and set a “buy” rating for the company in a report on Monday, March 24th. Finally, Evercore ISI upgraded shares of Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 price objective on the stock in a report on Wednesday, March 12th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $206.63.

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.