Fisher Asset Management LLC Reduces Stock Holdings in Capital One Financial Co. (NYSE:COF)

Fisher Asset Management LLC trimmed its position in Capital One Financial Co. (NYSE:COF) by 6.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,086,286 shares of the financial services provider’s stock after selling 608,011 shares during the period. Fisher Asset Management LLC’s holdings in Capital One Financial were worth $1,620,267,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. SVB Wealth LLC purchased a new position in shares of Capital One Financial during the 4th quarter valued at about $1,814,000. Flputnam Investment Management Co. lifted its position in shares of Capital One Financial by 0.8% during the 4th quarter. Flputnam Investment Management Co. now owns 14,718 shares of the financial services provider’s stock valued at $2,625,000 after buying an additional 111 shares in the last quarter. Waterway Wealth Management LLC lifted its position in shares of Capital One Financial by 48.1% during the 4th quarter. Waterway Wealth Management LLC now owns 3,066 shares of the financial services provider’s stock valued at $547,000 after buying an additional 996 shares in the last quarter. Pettyjohn Wood & White Inc. lifted its position in shares of Capital One Financial by 54.7% during the 4th quarter. Pettyjohn Wood & White Inc. now owns 6,012 shares of the financial services provider’s stock valued at $1,072,000 after buying an additional 2,127 shares in the last quarter. Finally, Hosking Partners LLP lifted its position in shares of Capital One Financial by 6.7% during the 4th quarter. Hosking Partners LLP now owns 309,348 shares of the financial services provider’s stock valued at $55,163,000 after buying an additional 19,399 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on COF. Bank of America raised Capital One Financial from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $207.00 to $235.00 in a research report on Wednesday, February 19th. Wells Fargo & Company lifted their price objective on Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Argus raised Capital One Financial to a “strong-buy” rating in a report on Thursday, January 23rd. HSBC raised Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price target on the stock in a report on Tuesday, January 14th. Finally, Royal Bank of Canada boosted their price target on Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 22nd. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $202.27.

Capital One Financial Stock Performance

NYSE:COF opened at $200.57 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $210.67. The stock’s 50 day simple moving average is $193.32 and its two-hundred day simple moving average is $172.70. The company has a market cap of $76.48 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 1.19 and a beta of 1.47.

Capital One Financial (NYSE:COF) last released its quarterly earnings data 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 return on equity of 9.45% and a net margin of 9.46%. The business had revenue of $10.19 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the previous year, the company posted $2.81 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. As a group, equities analysts anticipate that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Tuesday, February 18th. Capital One Financial’s dividend payout ratio is currently 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.