Morningstar Investment Management LLC Sells 7,184 Shares of Capital One Financial Co. (NYSE:COF)

Morningstar Investment Management LLC lessened its stake in shares of Capital One Financial Co. (NYSE:COF) by 73.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,576 shares of the financial services provider’s stock after selling 7,184 shares during the quarter. Morningstar Investment Management LLC’s holdings in Capital One Financial were worth $459,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in COF. Creative Planning raised its holdings in Capital One Financial by 7.2% in the third quarter. Creative Planning now owns 52,492 shares of the financial services provider’s stock worth $7,860,000 after purchasing an additional 3,507 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Capital One Financial by 105.6% during the 3rd quarter. Blue Trust Inc. now owns 3,278 shares of the financial services provider’s stock worth $454,000 after acquiring an additional 1,684 shares in the last quarter. Foundations Investment Advisors LLC lifted its position in Capital One Financial by 14.6% during the third quarter. Foundations Investment Advisors LLC now owns 2,024 shares of the financial services provider’s stock valued at $303,000 after acquiring an additional 258 shares during the last quarter. Signaturefd LLC boosted its stake in Capital One Financial by 1.6% in the third quarter. Signaturefd LLC now owns 9,162 shares of the financial services provider’s stock valued at $1,372,000 after acquiring an additional 140 shares in the last quarter. Finally, Eastern Bank purchased a new position in Capital One Financial in the third quarter worth $44,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Stock Up 3.5 %

Shares of COF opened at $209.98 on Thursday. The stock’s 50-day moving average price is $190.72 and its 200-day moving average price is $169.75. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $80.05 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 1.17 and a beta of 1.47. Capital One Financial Co. has a 52 week low of $128.23 and a 52 week high of $210.10.

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

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders 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 1.14%. Capital One Financial’s dividend payout ratio (DPR) is currently 20.71%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. UBS Group raised Capital One Financial from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $168.00 to $235.00 in a research report on Monday, January 13th. Argus upgraded Capital One Financial to a “strong-buy” rating in a research note on Thursday, January 23rd. Barclays increased their price objective on shares of Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Robert W. Baird upped their price target on shares of Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, Truist Financial raised their price target on shares of Capital One Financial from $229.00 to $257.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Eight research 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, the company presently 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.