Concord Wealth Partners Reduces Stock Position in Capital One Financial Co. (NYSE:COF)

Concord Wealth Partners lessened its stake in Capital One Financial Co. (NYSE:COF) by 50.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 360 shares of the financial services provider’s stock after selling 363 shares during the period. Concord Wealth Partners’ holdings in Capital One Financial were worth $47,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Householder Group Estate & Retirement Specialist LLC grew its position in shares of Capital One Financial by 1,658.3% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 211 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 199 shares during the period. Bartlett & Co. LLC grew its stake in shares of Capital One Financial by 726.7% during the 4th quarter. Bartlett & Co. LLC now owns 248 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 218 shares during the period. Sound Income Strategies LLC increased its holdings in Capital One Financial by 109.4% in the 4th quarter. Sound Income Strategies LLC now owns 266 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 139 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in Capital One Financial by 66.5% during the third quarter. Venturi Wealth Management LLC now owns 393 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 157 shares in the last quarter. Finally, MV Capital Management Inc. increased its stake in shares of Capital One Financial by 43.9% in the fourth quarter. MV Capital Management Inc. now owns 344 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 105 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on COF. Piper Sandler raised their price target on Capital One Financial from $126.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, February 23rd. Wolfe Research upgraded 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 report on Thursday, April 4th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $159.00 target price on shares of Capital One Financial in a research report on Wednesday, March 27th. Wells Fargo & Company increased their price objective on shares of Capital One Financial from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Finally, UBS Group raised their price target on Capital One Financial from $132.00 to $140.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Capital One Financial presently has a consensus rating of “Hold” and a consensus price target of $138.50.

Capital One Financial Stock Up 0.4 %

Shares of NYSE:COF opened at $142.41 on Friday. Capital One Financial Co. has a 52-week low of $83.93 and a 52-week high of $149.94. The stock has a market cap of $54.14 billion, a P/E ratio of 11.15, a price-to-earnings-growth ratio of 1.03 and a beta of 1.46. The business’s 50 day moving average is $141.03 and its 200 day moving average is $127.24. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.86.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.21 earnings per share for the quarter, missing the consensus estimate of $3.25 by ($0.04). The firm had revenue of $9.40 billion during the quarter, compared to the consensus estimate of $9.35 billion. Capital One Financial had a net margin of 10.19% and a return on equity of 9.74%. The business’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.31 earnings per share. Sell-side analysts predict that Capital One Financial Co. will post 13.7 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.60 per share. The ex-dividend date is Friday, May 10th. This represents a $2.40 dividend on an annualized basis and a yield of 1.69%. Capital One Financial’s dividend payout ratio is currently 18.79%.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Timothy P. Golden sold 8,656 shares of Capital One Financial stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $144.04, for a total value of $1,246,810.24. Following the transaction, the insider now owns 10,246 shares in the company, valued at $1,475,833.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.30% of the company’s stock.

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.