SouthState Corp Lowers Holdings in Capital One Financial Co. (NYSE:COF)

SouthState Corp reduced its stake in shares of 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 and Exchange Commission (SEC). The institutional investor owned 4,447 shares of the financial services provider’s stock after selling 220 shares during the quarter. SouthState Corp’s holdings in Capital One Financial were worth $583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of COF. Pzena Investment Management LLC lifted its position in shares of 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 worth $740,199,000 after buying an additional 585,797 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Capital One Financial during the 4th quarter valued at approximately $46,268,000. Wellington Management Group LLP grew its holdings in shares of Capital One Financial by 37.7% in the third quarter. Wellington Management Group LLP now owns 1,184,671 shares of the financial services provider’s stock valued at $114,972,000 after purchasing an additional 324,095 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Capital One Financial by 1,058.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 202,881 shares of the financial services provider’s stock worth $26,602,000 after purchasing an additional 185,370 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in Capital One Financial by 131.2% during the fourth quarter. Mackenzie Financial Corp now owns 314,989 shares of the financial services provider’s stock valued at $41,301,000 after purchasing an additional 178,729 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Analysts Set New Price Targets

COF has been the topic of a number of research reports. Robert W. Baird downgraded shares of Capital One Financial from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $150.00 to $145.00 in a report on Monday, January 8th. Wolfe Research upgraded Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price objective on the stock in a research report on Thursday, April 4th. Piper Sandler lifted their target price on Capital One Financial from $126.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, February 23rd. Evercore ISI increased their price target on Capital One Financial from $142.00 to $155.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. Finally, Wells Fargo & Company boosted their price objective on shares of Capital One Financial from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $138.50.

Capital One Financial Trading Up 0.4 %

COF traded up $0.60 during trading on Friday, hitting $142.41. 1,593,864 shares of the stock were exchanged, compared to its average volume of 2,686,711. Capital One Financial Co. has a 1 year low of $83.93 and a 1 year high of $149.94. The firm has a market cap of $54.14 billion, a price-to-earnings ratio of 11.15, a P/E/G ratio of 1.02 and a beta of 1.46. The firm has a 50 day simple moving average of $141.03 and a 200 day simple moving average of $127.24. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.00 and a current ratio of 1.01.

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 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 firm had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.35 billion. During the same quarter in the prior year, the business posted $2.31 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, equities analysts expect that Capital One Financial Co. will post 13.7 EPS for the current year.

Capital One Financial Announces Dividend

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

Insider Transactions at Capital One Financial

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

About Capital One Financial

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.