PGGM Investments Decreases Holdings in Capital One Financial Co. (NYSE:COF)

PGGM Investments lowered its stake in shares of Capital One Financial Co. (NYSE:COF) by 9.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,572 shares of the financial services provider’s stock after selling 4,467 shares during the period. PGGM Investments’ holdings in Capital One Financial were worth $7,413,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Egerton Capital UK LLP purchased a new stake in Capital One Financial during the 4th quarter worth approximately $279,159,000. FMR LLC boosted its stake in shares of Capital One Financial by 21.4% in the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock worth $994,350,000 after acquiring an additional 1,169,395 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Capital One Financial during the fourth quarter worth approximately $130,683,000. Wellington Management Group LLP raised its stake in Capital One Financial by 268.7% in the 3rd quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock valued at $146,052,000 after purchasing an additional 710,881 shares during the last quarter. Finally, Southpoint Capital Advisors LP acquired a new position in Capital One Financial in the 3rd quarter valued at $104,811,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on COF shares. Royal Bank of Canada upped their target price on shares of Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 22nd. Baird R W upgraded shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Wells Fargo & Company increased their price objective on shares of Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. HSBC upgraded Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 target price on the stock in a report on Tuesday, January 14th. Finally, Barclays increased their price target on Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $206.67.

Capital One Financial Price Performance

COF opened at $165.73 on Friday. The firm has a market cap of $63.20 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 1.19 and a beta of 1.47. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The stock’s 50-day moving average price is $192.54 and its 200 day moving average price is $174.98. Capital One Financial Co. has a 12-month low of $128.23 and a 12-month high of $210.67.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data 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. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The business had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same quarter last year, the firm posted $2.81 earnings per share. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, sell-side analysts expect that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s dividend payout ratio is currently 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.