Blume Capital Management Inc. Cuts Stake in Capital One Financial Co. (NYSE:COF)

Blume Capital Management Inc. decreased its stake in Capital One Financial Co. (NYSE:COF) by 9.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,479 shares of the financial services provider’s stock after selling 5,605 shares during the period. Capital One Financial accounts for 2.2% of Blume Capital Management Inc.’s investment portfolio, making the stock its 14th largest holding. Blume Capital Management Inc.’s holdings in Capital One Financial were worth $9,893,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Bfsg LLC purchased a new position in shares of Capital One Financial in the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in Capital One Financial during the 4th quarter valued at about $27,000. TruNorth Capital Management LLC purchased a new position in Capital One Financial during the 4th quarter valued at about $29,000. SBI Securities Co. Ltd. purchased a new position in Capital One Financial during the 4th quarter valued at about $32,000. Finally, Decker Retirement Planning Inc. purchased a new position in Capital One Financial during the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on COF shares. Truist Financial raised their price target on shares of Capital One Financial from $229.00 to $257.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Evercore ISI raised shares of Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 price target on the stock in a research note on Wednesday. Robert W. Baird raised shares of Capital One Financial from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $190.00 to $200.00 in a research note on Tuesday. Barclays raised their price target on shares of Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Hsbc Global Res raised shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Capital One Financial presently has an average rating of “Moderate Buy” and an average price target of $206.67.

Capital One Financial Price Performance

NYSE COF opened at $165.73 on Friday. The stock’s 50-day moving average price is $192.54 and its two-hundred day moving average price is $174.98. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The company has a market cap of $63.20 billion, a PE ratio of 14.30, a PEG ratio of 1.19 and a beta of 1.47. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $210.67.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The firm had revenue of $10.19 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the previous year, the company posted $2.81 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, analysts predict that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 1.45%. Capital One Financial’s dividend payout ratio is 20.71%.

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.