Tufton Capital Management Reduces Stake in Capital One Financial Co. (NYSE:COF)

Tufton Capital Management reduced its position in Capital One Financial Co. (NYSE:COF) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,793 shares of the financial services provider’s stock after selling 528 shares during the period. Tufton Capital Management’s holdings in Capital One Financial were worth $2,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of COF. Norges Bank purchased a new position in shares of Capital One Financial in the 4th quarter worth $318,480,000. First Trust Advisors LP lifted its position in Capital One Financial by 603.3% during the first quarter. First Trust Advisors LP now owns 1,731,554 shares of the financial services provider’s stock valued at $227,336,000 after purchasing an additional 1,485,339 shares in the last quarter. Pzena Investment Management LLC lifted its position in Capital One Financial by 8.3% during the third quarter. Pzena Investment Management LLC now owns 7,626,988 shares of the financial services provider’s stock valued at $740,199,000 after purchasing an additional 585,797 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Capital One Financial by 38.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,341,798 shares of the financial services provider’s stock valued at $124,734,000 after purchasing an additional 369,649 shares in the last quarter. Finally, Morgan Stanley lifted its position in Capital One Financial by 10.6% during the fourth quarter. Morgan Stanley now owns 3,785,441 shares of the financial services provider’s stock valued at $351,895,000 after purchasing an additional 362,071 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

Shares of COF stock traded up $6.77 during trading hours on Thursday, hitting $143.54. The stock had a trading volume of 1,338,914 shares, compared to its average volume of 2,658,142. Capital One Financial Co. has a one year low of $83.93 and a one year high of $149.27. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.01 and a quick ratio of 1.01. The stock’s 50-day moving average price is $139.06 and its two-hundred day moving average price is $123.61. The stock has a market capitalization of $54.60 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 0.98 and a beta of 1.48.

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

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 12th were paid a dividend of $0.60 per share. The ex-dividend date was Friday, February 9th. This represents a $2.40 annualized dividend and a yield of 1.67%. Capital One Financial’s payout ratio is currently 20.08%.

Analysts Set New Price Targets

COF has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on Capital One Financial from $134.00 to $152.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Wells Fargo & Company lifted their target price on Capital One Financial from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Piper Sandler lifted their target price on Capital One Financial from $126.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, February 23rd. Citigroup boosted their price objective on Capital One Financial from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Finally, Royal Bank of Canada boosted their price objective on Capital One Financial from $142.00 to $150.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 21st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $137.05.

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.