Bank OZK Sells 489 Shares of Capital One Financial Co. (NYSE:COF)

Bank OZK cut its stake in shares of Capital One Financial Co. (NYSE:COF) by 6.7% during the 4th quarter, HoldingsChannel reports. The firm owned 6,857 shares of the financial services provider’s stock after selling 489 shares during the period. Bank OZK’s holdings in Capital One Financial were worth $899,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in COF. Pzena Investment Management LLC boosted its stake in shares of Capital One Financial by 8.3% in the 3rd 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 during the last quarter. Northern Trust Corp boosted its stake in shares of Capital One Financial by 2.6% in the 3rd quarter. Northern Trust Corp now owns 3,954,877 shares of the financial services provider’s stock valued at $383,821,000 after purchasing an additional 99,915 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Capital One Financial by 3.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,096,708 shares of the financial services provider’s stock valued at $300,536,000 after purchasing an additional 93,203 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Capital One Financial by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,498,413 shares of the financial services provider’s stock valued at $242,471,000 after purchasing an additional 40,585 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Capital One Financial by 37.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,184,671 shares of the financial services provider’s stock valued at $114,972,000 after purchasing an additional 324,095 shares during the last quarter. 89.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

COF has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Capital One Financial in a research note on Wednesday, January 10th. They issued a “hold” rating and a $153.00 price objective on the stock. Citigroup boosted their target price on shares of Capital One Financial from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Royal Bank of Canada boosted their target price on shares of 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. Wells Fargo & Company boosted their target price on shares of Capital One Financial from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Finally, UBS Group boosted their target price on shares of Capital One Financial from $132.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th. Two 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 stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $137.05.

Capital One Financial Stock Up 0.2 %

Shares of COF stock traded up $0.24 on Friday, hitting $146.21. The stock had a trading volume of 4,328,677 shares, compared to its average volume of 2,287,948. The business has a 50 day moving average of $140.47 and a 200 day moving average of $125.94. The stock has a market cap of $55.62 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 1.05 and a beta of 1.48. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.01 and a quick ratio of 1.01. Capital One Financial Co. has a 12-month low of $83.93 and a 12-month high of $149.94.

Capital One Financial (NYSE:COF) last announced its earnings results on Thursday, April 25th. The financial services provider reported $3.21 EPS for the quarter, missing the consensus estimate of $3.25 by ($0.04). The firm had revenue of $9.40 billion during the quarter, compared to analysts’ expectations of $9.35 billion. Capital One Financial had a net margin of 10.19% and a return on equity of 9.85%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.31 EPS. As a group, analysts expect that Capital One Financial Co. will post 13.79 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 12th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $2.40 annualized dividend and a yield of 1.64%. Capital One Financial’s payout ratio is currently 18.79%.

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.