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

Cassaday & Co Wealth Management LLC decreased its position in shares of Capital One Financial Co. (NYSE:COF) by 19.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Asset Management One Co. Ltd. boosted its holdings in Capital One Financial by 5.3% in the third quarter. Asset Management One Co. Ltd. now owns 146,769 shares of the financial services provider’s stock worth $21,976,000 after purchasing an additional 7,331 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Capital One Financial by 4.3% in the third quarter. Principal Financial Group Inc. now owns 430,654 shares of the financial services provider’s stock worth $64,482,000 after purchasing an additional 17,825 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Capital One Financial by 4.5% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,174 shares of the financial services provider’s stock worth $8,234,000 after purchasing an additional 2,006 shares during the last quarter. Catalina Capital Group LLC raised its position in Capital One Financial by 8.1% in the third quarter. Catalina Capital Group LLC now owns 1,609 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 121 shares during the period. Finally, CWA Asset Management Group LLC bought a new position in Capital One Financial in the third quarter worth approximately $1,649,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on COF shares. UBS Group upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $168.00 to $235.00 in a research report on Monday, January 13th. Bank of America raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $207.00 to $235.00 in a research note on Wednesday. Wells Fargo & Company boosted their target price on shares of Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Robert W. Baird upped their price objective on shares of Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Truist Financial upped their price objective on shares of Capital One Financial from $229.00 to $257.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. 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 company’s stock. Based on data from MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and a consensus target price of $198.50.

Capital One Financial Stock Down 2.0 %

NYSE:COF opened at $205.73 on Friday. 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. The firm has a market capitalization of $78.43 billion, a P/E ratio of 17.75, a PEG ratio of 1.17 and a beta of 1.47. The company’s fifty day moving average price is $191.14 and its 200-day moving average price is $170.00.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. The business had revenue of $10.19 billion for the quarter, compared to analysts’ expectations of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the company earned $2.81 EPS. As a group, equities research analysts anticipate that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.60 per share. The ex-dividend date 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 20.71%.

Capital One Financial 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.