Legato Capital Management LLC Decreases Stake in Capital One Financial Co. (NYSE:COF)

Legato Capital Management LLC cut its position in Capital One Financial Co. (NYSE:COF) by 14.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,985 shares of the financial services provider’s stock after selling 1,841 shares during the period. Legato Capital Management LLC’s holdings in Capital One Financial were worth $1,959,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Decker Retirement Planning Inc. acquired a new position in shares of Capital One Financial during the fourth quarter worth $32,000. Catalyst Capital Advisors LLC purchased a new stake in Capital One Financial during the 3rd quarter worth about $36,000. Creative Financial Designs Inc. ADV boosted its position in shares of Capital One Financial by 135.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 166 shares in the last quarter. Eastern Bank purchased a new position in shares of Capital One Financial in the 3rd quarter valued at about $44,000. Finally, Prospera Private Wealth LLC acquired a new stake in shares of Capital One Financial during the 3rd quarter worth about $47,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on COF shares. JPMorgan Chase & Co. upped their price target on Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a report on Monday, December 9th. HSBC upgraded shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price objective for the company in a research report on Tuesday, January 14th. 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. Wells Fargo & Company boosted 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. Finally, Truist Financial raised their price objective on Capital One Financial from $229.00 to $257.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and an average price target of $196.31.

Capital One Financial Price Performance

Shares of NYSE COF opened at $199.32 on Wednesday. The stock has a fifty day moving average price of $188.77 and a 200 day moving average price of $167.57. Capital One Financial Co. has a 1-year low of $128.23 and a 1-year high of $208.63. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $75.99 billion, a PE ratio of 17.20, a P/E/G ratio of 1.26 and a beta of 1.47.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, topping the consensus estimate of $2.78 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The company had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter last year, the business earned $2.81 EPS. The business’s revenue was up 7.2% on a year-over-year basis. Sell-side analysts forecast that Capital One Financial Co. will post 15.41 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Tuesday, February 18th. Capital One Financial’s 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.