Comerica Bank cut its holdings in Capital One Financial Corp. (NYSE:COF) by 21.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 97,733 shares of the financial services provider’s stock after selling 25,909 shares during the quarter. Comerica Bank’s holdings in Capital One Financial were worth $8,507,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of COF. Bank of Montreal Can acquired a new position in shares of Capital One Financial in the 2nd quarter valued at approximately $162,373,000. Epoch Investment Partners Inc. acquired a new position in shares of Capital One Financial in the 2nd quarter valued at approximately $75,707,000. TD Asset Management Inc. grew its position in shares of Capital One Financial by 339.9% in the 2nd quarter. TD Asset Management Inc. now owns 886,903 shares of the financial services provider’s stock valued at $81,506,000 after purchasing an additional 685,275 shares during the period. Pzena Investment Management LLC grew its position in shares of Capital One Financial by 11.5% in the 2nd quarter. Pzena Investment Management LLC now owns 5,437,557 shares of the financial services provider’s stock valued at $499,711,000 after purchasing an additional 559,856 shares during the period. Finally, ANTIPODES PARTNERS Ltd acquired a new position in shares of Capital One Financial in the 2nd quarter valued at approximately $48,038,000. Institutional investors and hedge funds own 88.50% of the company’s stock.
Several equities analysts recently issued reports on COF shares. UBS Group decreased their price objective on Capital One Financial from $116.00 to $113.00 and set a “buy” rating for the company in a research report on Tuesday, August 7th. Oppenheimer set a $116.00 price objective on Capital One Financial and gave the company a “buy” rating in a research report on Tuesday, September 18th. Zacks Investment Research upgraded Capital One Financial from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research report on Friday, October 26th. Wells Fargo & Co upped their price target on Capital One Financial from $109.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, October 1st. Finally, Barclays reaffirmed a “buy” rating on shares of Capital One Financial in a research report on Monday, October 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Capital One Financial currently has an average rating of “Buy” and a consensus target price of $109.33.
Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $3.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.89 by $0.23. The firm had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.88 billion. Capital One Financial had a return on equity of 11.01% and a net margin of 11.84%. The business’s revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.42 EPS. On average, sell-side analysts forecast that Capital One Financial Corp. will post 11.38 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 23rd. Stockholders of record on Monday, November 12th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Thursday, November 8th. Capital One Financial’s payout ratio is presently 20.54%.
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About Capital One Financial
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
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