Alhambra Investment Management LLC Has $337,000 Stake in Capital One Financial Co. (NYSE:COF)

Alhambra Investment Management LLC reduced its holdings in shares of Capital One Financial Co. (NYSE:COF) by 8.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,889 shares of the financial services provider’s stock after selling 181 shares during the quarter. Alhambra Investment Management LLC’s holdings in Capital One Financial were worth $337,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in COF. Decker Retirement Planning Inc. acquired a new stake in Capital One Financial during the fourth quarter worth approximately $32,000. Catalyst Capital Advisors LLC acquired a new stake in Capital One Financial in the third quarter worth $36,000. Creative Financial Designs Inc. ADV raised its holdings in shares of Capital One Financial by 135.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 166 shares during the period. Eastern Bank bought a new position in shares of Capital One Financial during the 3rd quarter worth about $44,000. Finally, Prospera Private Wealth LLC acquired a new stake in shares of Capital One Financial in the 3rd quarter valued at about $47,000. 89.84% of the stock is owned by institutional investors.

Capital One Financial Trading Up 1.4 %

Shares of Capital One Financial stock opened at $191.16 on Friday. The stock has a fifty day moving average price of $183.71 and a 200-day moving average price of $159.96. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $72.88 billion, a PE ratio of 18.05, a P/E/G ratio of 1.12 and a beta of 1.46. Capital One Financial Co. has a 1 year low of $123.23 and a 1 year high of $198.30.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, topping the consensus estimate of $3.70 by $0.81. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $9.88 billion. During the same quarter in the previous year, the firm posted $4.45 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Equities research analysts anticipate that Capital One Financial Co. will post 13.41 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.26%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s dividend payout ratio (DPR) is 22.66%.

Insiders Place Their Bets

In related news, insider Kara West sold 721 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $184.73, for a total value of $133,190.33. Following the completion of the transaction, the insider now directly owns 12,929 shares of the company’s stock, valued at approximately $2,388,374.17. This trade represents a 5.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Zamsky sold 10,541 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the sale, the insider now directly owns 26,482 shares in the company, valued at $5,038,465.32. The trade was a 28.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,256 shares of company stock valued at $2,462,487 over the last ninety days. 1.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Barclays upgraded Capital One Financial from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $158.00 to $219.00 in a report on Monday, January 6th. Wells Fargo & Company lifted their price target on shares of Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. The Goldman Sachs Group boosted their price target on shares of Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Hsbc Global Res raised shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a research note on Tuesday. Finally, Truist Financial assumed coverage on shares of Capital One Financial in a research report on Tuesday, January 7th. They set a “buy” rating and a $229.00 target price for the company. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Capital One Financial has a consensus rating of “Hold” and a consensus target price of $188.06.

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.