Capital One Financial Co. (NYSE:COF) Shares Sold by Eastern Bank

Posted by on Apr 3rd, 2023

Eastern Bank trimmed its stake in shares of Capital One Financial Co. (NYSE:COF) by 93.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,544 shares of the financial services provider’s stock after selling 80,661 shares during the period. Eastern Bank’s holdings in Capital One Financial were worth $515,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COF. Western Pacific Wealth Management LP acquired a new stake in Capital One Financial during the third quarter worth about $31,000. Glassy Mountain Advisors Inc. purchased a new position in Capital One Financial during the fourth quarter worth approximately $32,000. Neo Ivy Capital Management purchased a new position in Capital One Financial during the second quarter worth approximately $37,000. Investors Asset Management of Georgia Inc. GA ADV boosted its position in Capital One Financial by 200.0% during the third quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 450 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 300 shares in the last quarter. Finally, Toth Financial Advisory Corp boosted its position in Capital One Financial by 20.6% during the fourth quarter. Toth Financial Advisory Corp now owns 585 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 100 shares in the last quarter. 88.30% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Price Performance

COF stock opened at $96.16 on Monday. The business has a fifty day moving average of $106.24 and a two-hundred day moving average of $101.01. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.91. The stock has a market cap of $36.66 billion, a price-to-earnings ratio of 5.40, a price-to-earnings-growth ratio of 0.93 and a beta of 1.49. Capital One Financial Co. has a 52-week low of $86.84 and a 52-week high of $144.73.

Capital One Financial (NYSE:COF – Get Rating) last posted its earnings results on Tuesday, January 24th. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.81 by ($0.99). The business had revenue of $9.04 billion for the quarter, compared to analyst estimates of $9.07 billion. Capital One Financial had a return on equity of 13.52% and a net margin of 19.18%. Capital One Financial’s revenue was up 11.4% compared to the same quarter last year. During the same period last year, the business earned $5.41 EPS. As a group, research analysts anticipate that Capital One Financial Co. will post 14.33 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 17th. Stockholders of record on Monday, February 6th were paid a $0.60 dividend. The ex-dividend date was Friday, February 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.50%. Capital One Financial’s payout ratio is presently 13.48%.

Analysts Set New Price Targets

A number of brokerages have issued reports on COF. JPMorgan Chase & Co. lowered their price target on Capital One Financial from $124.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 25th. TheStreet upgraded Capital One Financial from a “c+” rating to a “b-” rating in a research report on Friday, January 27th. BMO Capital Markets decreased their target price on Capital One Financial from $152.00 to $141.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 25th. StockNews.com began coverage on Capital One Financial in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. Finally, Stephens downgraded Capital One Financial from an “equal weight” rating to an “underweight” rating and set a $79.00 target price on the stock. in a research report on Thursday, January 5th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $120.84.

Capital One Financial Profile

(Get Rating)

Capital One Financial Corp. operates as a financial holding company. The firm engages in the provision of financial products and services. It operates through the following segments: Credit Card, Consumer Banking and Commercial Banking. The Credit Card segment includes domestic consumer and small business card lending, and international card lending businesses.

Recommended Stories

Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Co. (NYSE:COF – Get Rating).

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

Receive News & Ratings for Capital One Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital One Financial and related companies with MarketBeat.com's FREE daily email newsletter.