IndexIQ Advisors LLC reduced its stake in Capital One Financial Corp. (NYSE:COF) by 24.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 54,929 shares of the financial services provider’s stock after selling 18,219 shares during the period. IndexIQ Advisors LLC’s holdings in Capital One Financial were worth $4,487,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in COF. Pinnacle Bank bought a new position in Capital One Financial in the 4th quarter valued at about $28,000. Parkside Financial Bank & Trust grew its position in shares of Capital One Financial by 78.6% during the 1st quarter. Parkside Financial Bank & Trust now owns 384 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 169 shares in the last quarter. Bogart Wealth LLC grew its position in shares of Capital One Financial by 72.5% during the 1st quarter. Bogart Wealth LLC now owns 440 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 185 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Capital One Financial by 4,033.3% during the 4th quarter. Advisors Asset Management Inc. now owns 496 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 484 shares in the last quarter. Finally, Lavaca Capital LLC acquired a new position in shares of Capital One Financial during the 4th quarter worth approximately $40,000. 89.20% of the stock is currently owned by hedge funds and other institutional investors.

NYSE COF opened at $87.60 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.94. The company has a market cap of $41.11 billion, a P/E ratio of 8.05, a PEG ratio of 0.88 and a beta of 1.30. Capital One Financial Corp. has a 1 year low of $69.90 and a 1 year high of $101.26.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $2.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.68 by $0.22. The business had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.03 billion. Capital One Financial had a net margin of 18.47% and a return on equity of 10.95%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $2.62 EPS. Equities analysts expect that Capital One Financial Corp. will post 11.08 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Monday, May 13th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, May 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.83%. Capital One Financial’s dividend payout ratio is 14.71%.

A number of research analysts have issued reports on COF shares. Bank of America restated a “buy” rating and set a $106.00 target price (down previously from $120.00) on shares of Capital One Financial in a research report on Wednesday, January 23rd. Royal Bank of Canada restated a “sector perform” rating and set a $98.00 target price on shares of Capital One Financial in a research report on Friday, May 3rd. Zacks Investment Research upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research report on Monday, April 1st. CIBC restated a “market perform” rating on shares of Capital One Financial in a research report on Wednesday, January 23rd. Finally, Credit Suisse Group decreased their target price on shares of Capital One Financial from $109.00 to $102.00 and set a “positive” rating on the stock in a research report on Wednesday, January 23rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $104.35.

In related news, insider Kleber Santos sold 2,928 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $84.54, for a total transaction of $247,533.12. Following the sale, the insider now owns 19,454 shares in the company, valued at approximately $1,644,641.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.43% of the company’s stock.

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Capital One Financial Profile

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

Further Reading: Quick Ratio

Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corp. (NYSE:COF).

Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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