Pillar Pacific Capital Management LLC Cuts Position in Capital One Financial Co. (NYSE:COF)

Pillar Pacific Capital Management LLC lessened its stake in Capital One Financial Co. (NYSE:COF) by 5.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 77,279 shares of the financial services provider’s stock after selling 4,742 shares during the quarter. Pillar Pacific Capital Management LLC’s holdings in Capital One Financial were worth $7,640,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in COF. FMR LLC increased its holdings in shares of Capital One Financial by 15.0% in the 4th quarter. FMR LLC now owns 28,406,881 shares of the financial services provider’s stock valued at $2,808,020,000 after purchasing an additional 3,713,495 shares in the last quarter. Ceredex Value Advisors LLC grew its stake in Capital One Financial by 88.3% in the 3rd quarter. Ceredex Value Advisors LLC now owns 3,843,952 shares of the financial services provider’s stock valued at $276,226,000 after acquiring an additional 1,803,088 shares during the last quarter. Pzena Investment Management LLC grew its stake in Capital One Financial by 16.6% in the 3rd quarter. Pzena Investment Management LLC now owns 6,049,748 shares of the financial services provider’s stock valued at $434,735,000 after acquiring an additional 859,517 shares during the last quarter. Fisher Asset Management LLC grew its stake in Capital One Financial by 55.8% in the 3rd quarter. Fisher Asset Management LLC now owns 1,731,572 shares of the financial services provider’s stock valued at $124,431,000 after acquiring an additional 620,416 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in Capital One Financial by 92.0% in the 4th quarter. Principal Financial Group Inc. now owns 1,217,235 shares of the financial services provider’s stock valued at $120,324,000 after acquiring an additional 583,189 shares during the last quarter. Institutional investors and hedge funds own 89.60% of the company’s stock.

Shares of COF traded down $0.33 during midday trading on Tuesday, hitting $122.25. 58,991 shares of the stock traded hands, compared to its average volume of 3,848,978. Capital One Financial Co. has a 1-year low of $38.00 and a 1-year high of $123.03. The firm has a market capitalization of $55.92 billion, a PE ratio of 61.96, a price-to-earnings-growth ratio of 1.20 and a beta of 1.72. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.91 and a current ratio of 0.92. The business’s 50 day moving average price is $111.03 and its two-hundred day moving average price is $87.48.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Monday, January 25th. The financial services provider reported $5.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $2.44. Capital One Financial had a net margin of 4.08% and a return on equity of 3.05%. The company had revenue of $7.34 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter in the previous year, the company posted $2.49 earnings per share. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, equities research analysts forecast that Capital One Financial Co. will post 3.09 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 1st. Investors of record on Wednesday, February 17th will be paid a dividend of $0.40 per share. This is a boost from Capital One Financial’s previous quarterly dividend of $0.10. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Tuesday, February 16th. Capital One Financial’s payout ratio is currently 13.23%.

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Capital One Financial from $89.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 19th. Oppenheimer reaffirmed a “buy” rating and set a $130.00 price target (up from $105.00) on shares of Capital One Financial in a research note on Tuesday, January 19th. BMO Capital Markets raised their price target on shares of Capital One Financial from $150.00 to $154.00 and gave the company an “outperform” rating in a report on Wednesday, January 27th. Compass Point raised their price target on shares of Capital One Financial from $78.00 to $102.00 in a report on Wednesday, November 18th. Finally, Piper Sandler raised their price target on shares of Capital One Financial from $93.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, November 12th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $115.12.

In other Capital One Financial news, insider Michael J. Wassmer sold 1,965 shares of the business’s stock in a transaction dated Wednesday, December 9th. The stock was sold at an average price of $95.00, for a total transaction of $186,675.00. Following the sale, the insider now owns 91,247 shares in the company, valued at approximately $8,668,465. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Frank G. LapradeIii sold 32,603 shares of the business’s stock in a transaction dated Monday, December 21st. The stock was sold at an average price of $95.00, for a total value of $3,097,285.00. Following the sale, the insider now owns 84,110 shares in the company, valued at approximately $7,990,450. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,213 shares of company stock worth $6,471,040. Company insiders own 1.47% of the company’s stock.

About Capital One Financial

Capital One Financial Corporation operates as the financial services 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.

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

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