Sandy Spring Bank Reduces Holdings in Capital One Financial Co. (NYSE:COF)

Sandy Spring Bank decreased its position in Capital One Financial Co. (NYSE:COF) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,120 shares of the financial services provider’s stock after selling 372 shares during the period. Sandy Spring Bank’s holdings in Capital One Financial were worth $9,294,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in COF. Royal London Asset Management Ltd. boosted its position in shares of Capital One Financial by 5.0% during the 4th quarter. Royal London Asset Management Ltd. now owns 160,514 shares of the financial services provider’s stock worth $28,623,000 after purchasing an additional 7,581 shares during the period. Harvest Fund Management Co. Ltd boosted its position in shares of Capital One Financial by 102.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 7,107 shares of the financial services provider’s stock worth $1,268,000 after purchasing an additional 3,588 shares during the period. Vinva Investment Management Ltd boosted its position in shares of Capital One Financial by 18.5% during the 4th quarter. Vinva Investment Management Ltd now owns 26,597 shares of the financial services provider’s stock worth $4,732,000 after purchasing an additional 4,160 shares during the period. Xponance Inc. boosted its position in shares of Capital One Financial by 2.0% during the 4th quarter. Xponance Inc. now owns 63,094 shares of the financial services provider’s stock worth $11,251,000 after purchasing an additional 1,224 shares during the period. Finally, Intech Investment Management LLC boosted its position in shares of Capital One Financial by 274.6% during the 4th quarter. Intech Investment Management LLC now owns 6,215 shares of the financial services provider’s stock worth $1,108,000 after purchasing an additional 4,556 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $172.72 on Thursday. The company’s fifty day moving average price is $191.61 and its 200 day moving average price is $175.91. Capital One Financial Co. has a 12 month low of $128.23 and a 12 month high of $210.67. 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 firm has a market capitalization of $65.86 billion, a P/E ratio of 14.90, a P/E/G ratio of 1.19 and a beta of 1.47.

Capital One Financial (NYSE:COF) last announced its quarterly 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 firm had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same period last year, the business earned $2.81 EPS. Capital One Financial’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, sell-side analysts predict that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business 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 1.39%. Capital One Financial’s dividend payout ratio is currently 20.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Baird R W raised shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. 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. Keefe, Bruyette & Woods increased their price objective on shares of Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Argus raised shares of Capital One Financial to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Robert W. Baird raised shares of Capital One Financial from a “neutral” rating to an “outperform” rating and raised their price target for the company from $190.00 to $200.00 in a research report on Tuesday, March 11th. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $206.67.

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.