Clearbridge Investments LLC Sells 271,610 Shares of Capital One Financial Co. (NYSE:COF)

Clearbridge Investments LLC decreased its position in Capital One Financial Co. (NYSE:COF) by 6.7% during the fourth quarter, HoldingsChannel reports. The firm owned 3,811,315 shares of the financial services provider’s stock after selling 271,610 shares during the quarter. Clearbridge Investments LLC’s holdings in Capital One Financial were worth $679,634,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of COF. Norges Bank bought a new stake in Capital One Financial during the fourth quarter valued at about $590,279,000. Egerton Capital UK LLP bought a new stake in Capital One Financial during the 4th quarter valued at approximately $279,159,000. International Assets Investment Management LLC acquired a new stake in shares of Capital One Financial in the fourth quarter worth $130,683,000. Wellington Management Group LLP raised its position in shares of Capital One Financial by 268.7% during the third quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock valued at $146,052,000 after buying an additional 710,881 shares during the last quarter. Finally, Southpoint Capital Advisors LP bought a new stake in shares of Capital One Financial in the third quarter valued at about $104,811,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on COF shares. Keefe, Bruyette & Woods raised their price objective on shares of Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Argus upgraded Capital One Financial to a “strong-buy” rating in a research report on Thursday, January 23rd. Bank of America upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and raised their price objective for the company from $207.00 to $235.00 in a research report on Wednesday, February 19th. JPMorgan Chase & Co. raised their price target on shares of Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a report on Monday, December 9th. Finally, Truist Financial lowered their target price on Capital One Financial from $257.00 to $215.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average price target of $206.63.

Capital One Financial Stock Down 2.7 %

Capital One Financial stock opened at $173.32 on Friday. The stock has a market capitalization of $66.09 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47. Capital One Financial Co. has a twelve month low of $128.23 and a twelve month high of $210.67. The company has a 50 day moving average of $190.70 and a 200-day moving average of $177.63. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74.

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

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s dividend payout ratio (DPR) is presently 20.71%.

About Capital One Financial

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.