Choate Investment Advisors Lowers Position in Capital One Financial Co. (NYSE:COF)

Choate Investment Advisors cut its stake in shares of Capital One Financial Co. (NYSE:COF) by 21.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,277 shares of the financial services provider’s stock after selling 631 shares during the period. Choate Investment Advisors’ holdings in Capital One Financial were worth $406,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. OneDigital Investment Advisors LLC lifted its position in shares of Capital One Financial by 7.6% in the third quarter. OneDigital Investment Advisors LLC now owns 3,068 shares of the financial services provider’s stock valued at $459,000 after acquiring an additional 217 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Capital One Financial by 5.5% in the third quarter. Empowered Funds LLC now owns 9,197 shares of the financial services provider’s stock valued at $1,377,000 after acquiring an additional 477 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Capital One Financial by 7.5% in the third quarter. Natixis Advisors LLC now owns 156,592 shares of the financial services provider’s stock valued at $23,447,000 after acquiring an additional 10,919 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Capital One Financial by 12.8% in the third quarter. Thrivent Financial for Lutherans now owns 608,581 shares of the financial services provider’s stock valued at $91,123,000 after acquiring an additional 69,110 shares in the last quarter. Finally, Quest Partners LLC lifted its position in shares of Capital One Financial by 90.1% in the third quarter. Quest Partners LLC now owns 15,079 shares of the financial services provider’s stock valued at $2,258,000 after acquiring an additional 7,145 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

Shares of COF opened at $165.06 on Tuesday. Capital One Financial Co. has a 1-year low of $128.23 and a 1-year high of $210.67. The stock has a market cap of $62.94 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47. 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 firm has a fifty day moving average price of $192.01 and a 200 day moving average price of $175.78.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, beating 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 business had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.22 billion. During the same period in the prior year, the company earned $2.81 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on COF shares. Royal Bank of Canada boosted their target price on Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 22nd. HSBC raised Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 target price on the stock in a research note on Tuesday, January 14th. Hsbc Global Res raised Capital One Financial from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Barclays increased their price objective on Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Evercore ISI raised Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 price objective on the stock in a research note on Wednesday, March 12th. 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 MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $206.67.

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.