Pointe Capital Management LLC Cuts Stock Holdings in Capital One Financial Co. (NYSE:COF)

Pointe Capital Management LLC lowered its position in shares of Capital One Financial Co. (NYSE:COF) by 28.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Householder Group Estate & Retirement Specialist LLC raised its holdings in Capital One Financial by 1,658.3% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 211 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 199 shares in the last quarter. Bartlett & Co. LLC lifted its position in shares of Capital One Financial by 726.7% during the fourth quarter. Bartlett & Co. LLC now owns 248 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 218 shares during the last quarter. Sound Income Strategies LLC grew its stake in Capital One Financial by 109.4% in the fourth quarter. Sound Income Strategies LLC now owns 266 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 139 shares in the last quarter. MV Capital Management Inc. increased its holdings in Capital One Financial by 43.9% in the fourth quarter. MV Capital Management Inc. now owns 344 shares of the financial services provider’s stock valued at $45,000 after buying an additional 105 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Capital One Financial during the fourth quarter valued at approximately $47,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on COF shares. Piper Sandler raised their price target on Capital One Financial from $126.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, February 23rd. Wolfe Research upgraded shares of Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price target for the company in a research report on Thursday, April 4th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $159.00 price objective on shares of Capital One Financial in a research report on Wednesday, March 27th. Deutsche Bank Aktiengesellschaft started coverage on shares of Capital One Financial in a research report on Wednesday, January 10th. They issued a “hold” rating and a $153.00 target price for the company. Finally, Royal Bank of Canada boosted their price objective on Capital One Financial from $142.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 21st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Capital One Financial currently has an average rating of “Hold” and a consensus price target of $138.50.

Capital One Financial Trading Up 0.4 %

Shares of Capital One Financial stock traded up $0.60 on Friday, hitting $142.41. 1,638,256 shares of the company’s stock traded hands, compared to its average volume of 2,520,853. The firm’s 50-day moving average price is $141.17 and its two-hundred day moving average price is $127.55. 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 stock has a market capitalization of $54.14 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 1.03 and a beta of 1.46. Capital One Financial Co. has a one year low of $83.93 and a one year high of $149.94.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.21 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $9.40 billion during the quarter, compared to the consensus estimate of $9.35 billion. During the same period last year, the company earned $2.31 earnings per share. The business’s revenue was up 5.6% compared to the same quarter last year. On average, research analysts expect that Capital One Financial Co. will post 13.7 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 13th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.69%. Capital One Financial’s dividend payout ratio (DPR) is 18.79%.

Insider Transactions at Capital One Financial

In related news, insider Timothy P. Golden sold 8,656 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the sale, the insider now owns 10,246 shares in the company, valued at $1,475,833.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is owned by insiders.

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.