IMA Wealth Inc. Decreases Stake in Capital One Financial Co. (NYSE:COF)

IMA Wealth Inc. lessened its stake in Capital One Financial Co. (NYSE:COF) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,584 shares of the financial services provider’s stock after selling 666 shares during the quarter. IMA Wealth Inc.’s holdings in Capital One Financial were worth $1,781,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Householder Group Estate & Retirement Specialist LLC boosted its holdings in Capital One Financial by 1,658.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 211 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 199 shares during the period. Bartlett & Co. LLC boosted its holdings in Capital One Financial by 726.7% in the 4th quarter. Bartlett & Co. LLC now owns 248 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 218 shares during the period. Sound Income Strategies LLC boosted its holdings in Capital One Financial by 109.4% in the 4th quarter. Sound Income Strategies LLC now owns 266 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 139 shares during the period. Venturi Wealth Management LLC boosted its holdings in Capital One Financial by 66.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 393 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 157 shares during the period. Finally, MV Capital Management Inc. boosted its holdings in Capital One Financial by 43.9% in the 4th quarter. MV Capital Management Inc. now owns 344 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 105 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

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

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

Capital One Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on COF. Deutsche Bank Aktiengesellschaft began coverage on Capital One Financial in a research report on Wednesday, January 10th. They issued a “hold” rating and a $153.00 target price on the stock. Wolfe Research raised Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 target price on the stock in a research report on Thursday, April 4th. Evercore ISI upped their target price on Capital One Financial from $142.00 to $155.00 and gave the company an “in-line” rating in a research report on Thursday, March 28th. Royal Bank of Canada upped their target price 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. Finally, JPMorgan Chase & Co. upped 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. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.