Desjardins Global Asset Management Inc. Cuts Holdings in Capital One Financial Co. (NYSE:COF)

Desjardins Global Asset Management Inc. cut its holdings in Capital One Financial Co. (NYSE:COF) by 12.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,120 shares of the financial services provider’s stock after selling 739 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Capital One Financial were worth $671,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers increased its holdings in shares of Capital One Financial by 25.3% in the 1st quarter. Cetera Investment Advisers now owns 7,940 shares of the financial services provider’s stock valued at $1,042,000 after purchasing an additional 1,601 shares in the last quarter. Moors & Cabot Inc. lifted its position in shares of Capital One Financial by 9.2% during the 1st quarter. Moors & Cabot Inc. now owns 3,979 shares of the financial services provider’s stock valued at $522,000 after acquiring an additional 335 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of Capital One Financial by 11.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,959 shares of the financial services provider’s stock worth $388,000 after acquiring an additional 303 shares in the last quarter. Candriam Luxembourg S.C.A. grew its holdings in shares of Capital One Financial by 4.1% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 43,094 shares of the financial services provider’s stock worth $5,658,000 after acquiring an additional 1,698 shares during the period. Finally, Baird Financial Group Inc. grew its holdings in shares of Capital One Financial by 4.2% in the 1st quarter. Baird Financial Group Inc. now owns 25,248 shares of the financial services provider’s stock worth $3,315,000 after acquiring an additional 1,008 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analysts Set New Price Targets

COF has been the topic of a number of research analyst reports. UBS Group boosted their target price on Capital One Financial from $132.00 to $140.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. Wolfe Research raised shares of Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price objective on the stock in a research note on Thursday, April 4th. Deutsche Bank Aktiengesellschaft began coverage on shares of Capital One Financial in a research report on Wednesday, January 10th. They set a “hold” rating and a $153.00 target price for the company. Barclays increased their price target on shares of Capital One Financial from $114.00 to $154.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, Citigroup lifted their price objective on Capital One Financial from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of “Hold” and an average target price of $137.05.

Capital One Financial Stock Up 0.2 %

Shares of NYSE:COF opened at $136.73 on Thursday. Capital One Financial Co. has a 1 year low of $83.93 and a 1 year high of $149.27. The stock has a 50-day simple moving average of $139.06 and a 200-day simple moving average of $123.61. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $52.01 billion, a P/E ratio of 11.44, a PEG ratio of 0.98 and a beta of 1.48.

Capital One Financial (NYSE:COF) last issued its earnings results on Thursday, January 25th. The financial services provider reported $2.24 EPS for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.26). Capital One Financial had a net margin of 9.88% and a return on equity of 9.24%. The business had revenue of $9.51 billion during the quarter, compared to analysts’ expectations of $9.45 billion. Equities analysts forecast that Capital One Financial Co. will post 13.84 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 12th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.76%. Capital One Financial’s dividend payout ratio (DPR) is currently 20.08%.

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.