Pointe Capital Management LLC Decreases Stake in Capital One Financial Co. (NYSE:COF)

Pointe Capital Management LLC decreased its holdings in Capital One Financial Co. (NYSE:COF) by 28.3% in the 4th quarter, HoldingsChannel reports. The fund owned 2,736 shares of the financial services provider’s stock after selling 1,080 shares during the quarter. Pointe Capital Management LLC’s holdings in Capital One Financial were worth $359,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pzena Investment Management LLC grew its holdings in Capital One Financial by 8.3% in the third 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 grew its stake in 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 acquiring an additional 99,915 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Capital One Financial by 3.1% during 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 acquiring an additional 93,203 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Capital One Financial by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,498,413 shares of the financial services provider’s stock worth $242,471,000 after acquiring an additional 40,585 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in Capital One Financial by 37.7% during 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 buying an additional 324,095 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

COF has been the topic of a number of analyst reports. Evercore ISI raised their target price on shares of Capital One Financial from $142.00 to $155.00 and gave the stock an “in-line” rating in a research report on Thursday, March 28th. UBS Group raised their price target on Capital One Financial from $132.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. Citigroup upped their price objective on shares of Capital One Financial from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Piper Sandler raised their target price on shares of Capital One Financial from $126.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. Finally, BMO Capital Markets upped their price target on shares of Capital One Financial from $124.00 to $125.00 and gave the stock a “market perform” rating in a research report on Monday, January 29th. Two equities 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $138.50.

Capital One Financial Stock Up 0.4 %

COF traded up $0.60 during trading hours on Friday, reaching $142.41. 1,638,256 shares of the stock traded hands, compared to its average volume of 2,520,853. 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 market cap of $54.14 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 1.03 and a beta of 1.46. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.01 and a quick ratio of 1.00. The firm’s fifty day simple moving average is $141.17 and its two-hundred day simple moving average is $127.55.

Capital One Financial (NYSE:COF) last announced 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 net margin of 10.19% and a return on equity of 9.74%. The business had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.35 billion. During the same quarter in the prior year, the business earned $2.31 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. As a group, analysts forecast that Capital One Financial Co. will post 13.7 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Friday, May 10th. Capital One Financial’s payout ratio is 18.79%.

Insider Activity

In other Capital One Financial news, insider Timothy P. Golden sold 8,656 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the completion of the transaction, the insider now directly owns 10,246 shares of the company’s stock, valued at approximately $1,475,833.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.30% of the company’s stock.

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.