SouthState Corp Sells 162 Shares of Capital One Financial Co. (NYSE:COF)

SouthState Corp reduced its holdings in Capital One Financial Co. (NYSE:COF) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,070 shares of the financial services provider’s stock after selling 162 shares during the quarter. SouthState Corp’s holdings in Capital One Financial were worth $726,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Norden Group LLC grew its holdings in shares of Capital One Financial by 2.6% during the fourth quarter. Norden Group LLC now owns 2,010 shares of the financial services provider’s stock worth $358,000 after buying an additional 51 shares in the last quarter. Catalyst Financial Partners LLC boosted its holdings in 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 worth $255,000 after purchasing an additional 54 shares during the last quarter. Gladstone Institutional Advisory LLC grew its position in 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 valued at $317,000 after purchasing an additional 56 shares in the last quarter. TFB Advisors LLC increased its stake in Capital One Financial by 4.1% in the 4th quarter. TFB Advisors LLC now owns 1,488 shares of the financial services provider’s stock valued at $265,000 after buying an additional 59 shares during the last quarter. Finally, Money Concepts Capital Corp lifted its position in Capital One Financial by 4.1% during the 4th quarter. Money Concepts Capital Corp now owns 1,565 shares of the financial services provider’s stock worth $279,000 after buying an additional 61 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on COF shares. Bank of America upgraded Capital One Financial from a “neutral” rating to a “buy” rating and upped their target price for the stock from $207.00 to $235.00 in a report on Wednesday, February 19th. Barclays increased their price objective on Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Royal Bank of Canada boosted their target price on shares of Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 22nd. Baird R W upgraded shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. Finally, UBS Group upgraded shares of 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. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and an average target price of $206.67.

Capital One Financial Trading Down 4.0 %

Shares of Capital One Financial stock opened at $165.06 on Tuesday. Capital One Financial Co. has a 52-week low of $128.23 and a 52-week high of $210.67. The stock has a market cap of $62.94 billion, a PE ratio of 14.24, a PEG ratio of 1.19 and a beta of 1.47. The firm has a 50-day moving average of $192.01 and a 200-day moving average of $175.78. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The firm had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the prior year, the business posted $2.81 EPS. The business’s revenue was up 7.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $0.60 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 1.45%. Capital One Financial’s dividend payout ratio is presently 20.71%.

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.