Ashton Thomas Private Wealth LLC Decreases Stock Position in Capital One Financial Co. (NYSE:COF)

Ashton Thomas Private Wealth LLC lessened its stake in Capital One Financial Co. (NYSE:COF) by 11.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,908 shares of the financial services provider’s stock after selling 625 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Capital One Financial were worth $875,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of COF. FMR LLC boosted its holdings in Capital One Financial by 21.4% in the 3rd quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock worth $994,350,000 after acquiring an additional 1,169,395 shares during the period. International Assets Investment Management LLC purchased a new position in Capital One Financial in the 4th quarter worth approximately $130,683,000. Wellington Management Group LLP boosted its holdings in Capital One Financial by 268.7% in the 3rd quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock worth $146,052,000 after acquiring an additional 710,881 shares during the period. Southpoint Capital Advisors LP purchased a new position in Capital One Financial in the 3rd quarter worth approximately $104,811,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Capital One Financial during the 4th quarter valued at approximately $115,091,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on COF. Argus upgraded Capital One Financial to a “strong-buy” rating in a research note on Thursday, January 23rd. Hsbc Global Res upgraded Capital One Financial from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods increased their target price on Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Barclays increased their target price on Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Royal Bank of Canada increased their target price on Capital One Financial from $190.00 to $200.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 22nd. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Capital One Financial currently has an average rating of “Moderate Buy” and an average price target of $202.27.

Capital One Financial Price Performance

Shares of NYSE COF opened at $173.00 on Monday. Capital One Financial Co. has a 1-year low of $128.23 and a 1-year high of $210.67. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. The business’s fifty day moving average price is $193.50 and its two-hundred day moving average price is $174.75. The firm has a market capitalization of $65.97 billion, a PE ratio of 14.93, a P/E/G ratio of 1.19 and a beta of 1.47.

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, 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 analyst estimates of $10.22 billion. During the same period last year, the company earned $2.81 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, research analysts expect that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

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