Cassaday & Co Wealth Management LLC Reduces Holdings in Capital One Financial Co. (NYSE:COF)

Cassaday & Co Wealth Management LLC decreased its holdings in shares of Capital One Financial Co. (NYSE:COF) by 19.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,358 shares of the financial services provider’s stock after selling 2,032 shares during the quarter. Cassaday & Co Wealth Management LLC’s holdings in Capital One Financial were worth $1,490,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Compass Capital Corp MA ADV acquired a new position in shares of Capital One Financial during the 4th quarter worth approximately $1,660,000. Centricity Wealth Management LLC purchased a new position in shares of Capital One Financial during the 4th quarter worth $62,000. ING Groep NV acquired a new position in shares of Capital One Financial during the 4th quarter valued at about $3,075,000. Concurrent Investment Advisors LLC acquired a new stake in Capital One Financial during the fourth quarter worth about $2,973,000. Finally, Handelsbanken Fonder AB grew its stake in shares of Capital One Financial by 40.1% in the 4th quarter. Handelsbanken Fonder AB now owns 105,880 shares of the financial services provider’s stock valued at $18,881,000 after buying an additional 30,294 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Stock Down 2.0 %

Capital One Financial stock opened at $205.73 on Friday. The stock’s fifty day moving average is $191.14 and its two-hundred day moving average is $170.00. The stock has a market cap of $78.43 billion, a PE ratio of 17.75, a P/E/G ratio of 1.17 and a beta of 1.47. Capital One Financial Co. has a 1-year low of $128.23 and a 1-year high of $210.67. 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 (NYSE:COF) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, beating the consensus estimate of $2.78 by $0.31. The company had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.81 earnings per share. On average, sell-side analysts expect that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.17%. Capital One Financial’s dividend payout ratio (DPR) is presently 20.71%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on COF shares. HSBC upgraded Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price objective for the company in a research report on Tuesday, January 14th. Hsbc Global Res upgraded shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Barclays lifted their target price on shares of Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Wells Fargo & Company raised their price target on Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Finally, Robert W. Baird boosted their price objective on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $198.50.

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.