HM Payson & Co. Cuts Holdings in Capital One Financial Co. (NYSE:COF)

HM Payson & Co. lessened its stake in Capital One Financial Co. (NYSE:COF) by 6.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,577 shares of the financial services provider’s stock after selling 497 shares during the period. HM Payson & Co.’s holdings in Capital One Financial were worth $1,351,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. AMF Tjanstepension AB purchased a new position in Capital One Financial in the 4th quarter worth approximately $18,120,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Capital One Financial in the 4th quarter worth approximately $147,000. Aviance Capital Partners LLC grew its stake in Capital One Financial by 7.5% in the 4th quarter. Aviance Capital Partners LLC now owns 15,897 shares of the financial services provider’s stock worth $2,835,000 after buying an additional 1,109 shares in the last quarter. Mesirow Financial Investment Management Inc. grew its stake in Capital One Financial by 8.8% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 1,745 shares of the financial services provider’s stock worth $311,000 after buying an additional 141 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new stake in shares of Capital One Financial in the 4th quarter worth approximately $633,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Trading Down 1.8 %

NYSE:COF opened at $173.00 on Friday. The company has a fifty day moving average of $193.50 and a 200 day moving average of $174.50. Capital One Financial Co. has a 52 week low of $128.23 and a 52 week high of $210.67. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $65.97 billion, a P/E 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 quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, topping the consensus estimate 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 business had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same period in the prior year, the business earned $2.81 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, research analysts predict that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

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 of this dividend was Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 1.39%. Capital One Financial’s dividend payout ratio (DPR) is presently 20.71%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on COF. Truist Financial boosted their price objective on shares of Capital One Financial from $229.00 to $257.00 and gave the stock a “buy” rating in a report on Monday, January 27th. 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 report on Monday, January 13th. HSBC upgraded shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price objective for the company in a report on Tuesday, January 14th. Argus upgraded shares of Capital One Financial to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group boosted their price objective on shares of Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.27.

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.