IMA Wealth Inc. Reduces Stock Holdings in Capital One Financial Co. (NYSE:COF)

IMA Wealth Inc. lowered its position in Capital One Financial Co. (NYSE:COF) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,584 shares of the financial services provider’s stock after selling 666 shares during the quarter. IMA Wealth Inc.’s holdings in Capital One Financial were worth $1,781,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Pzena Investment Management LLC boosted its stake in Capital One Financial by 8.3% during the third quarter. Pzena Investment Management LLC now owns 7,626,988 shares of the financial services provider’s stock worth $740,199,000 after buying an additional 585,797 shares during the period. Wellington Management Group LLP boosted its stake in Capital One Financial by 37.7% during the third quarter. Wellington Management Group LLP now owns 1,184,671 shares of the financial services provider’s stock worth $114,972,000 after buying an additional 324,095 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in Capital One Financial by 28.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,011,849 shares of the financial services provider’s stock worth $98,200,000 after buying an additional 223,980 shares during the period. Assenagon Asset Management S.A. boosted its stake in Capital One Financial by 1,058.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 202,881 shares of the financial services provider’s stock worth $26,602,000 after buying an additional 185,370 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in Capital One Financial by 131.2% during the fourth quarter. Mackenzie Financial Corp now owns 314,989 shares of the financial services provider’s stock worth $41,301,000 after buying an additional 178,729 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Up 0.2 %

COF stock traded up $0.24 during midday trading on Friday, reaching $146.21. 4,328,677 shares of the company were exchanged, compared to its average volume of 2,287,948. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.01 and a current ratio of 1.01. Capital One Financial Co. has a 1-year low of $83.93 and a 1-year high of $149.94. The stock’s 50-day simple moving average is $140.47 and its 200 day simple moving average is $125.94. The company has a market cap of $55.62 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 1.05 and a beta of 1.48.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.21 earnings per share for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.04). The company had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.35 billion. Capital One Financial had a return on equity of 9.85% and a net margin of 10.19%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.31 EPS. On average, equities analysts forecast that Capital One Financial Co. will post 13.79 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 12th were given a dividend of $0.60 per share. The ex-dividend date was Friday, February 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.64%. Capital One Financial’s dividend payout ratio (DPR) is presently 18.79%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on COF. Royal Bank of Canada increased their target price on shares of Capital One Financial from $142.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 21st. Piper Sandler raised their price objective on shares of Capital One Financial from $126.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, February 23rd. Wolfe Research raised shares of Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price objective for the company in a research note on Thursday, April 4th. Evercore ISI raised their price objective on shares of Capital One Financial from $142.00 to $155.00 and gave the company an “in-line” rating in a research note on Thursday, March 28th. Finally, Robert W. Baird lowered shares of Capital One Financial from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $150.00 to $145.00 in a research note on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $137.05.

Capital One Financial Company 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.