Comerica Bank Decreases Stake in Capital One Financial Co. (NYSE:COF)

Comerica Bank lessened its stake in Capital One Financial Co. (NYSE:COF) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,684 shares of the financial services provider’s stock after selling 1,479 shares during the quarter. Comerica Bank’s holdings in Capital One Financial were worth $17,062,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barclays PLC raised its position in Capital One Financial by 2.9% during the third quarter. Barclays PLC now owns 1,042,273 shares of the financial services provider’s stock worth $156,058,000 after acquiring an additional 29,416 shares during the last quarter. Stock Yards Bank & Trust Co. raised its position in shares of Capital One Financial by 4.1% during the 3rd quarter. Stock Yards Bank & Trust Co. now owns 2,130 shares of the financial services provider’s stock worth $319,000 after purchasing an additional 83 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Capital One Financial in the 3rd quarter valued at approximately $619,000. Tidal Investments LLC grew its holdings in Capital One Financial by 10.8% during the 3rd quarter. Tidal Investments LLC now owns 20,482 shares of the financial services provider’s stock valued at $3,067,000 after buying an additional 1,994 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Capital One Financial by 2.8% during the third quarter. Franklin Resources Inc. now owns 10,387,265 shares of the financial services provider’s stock worth $1,649,488,000 after buying an additional 280,462 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Performance

COF opened at $180.56 on Friday. Capital One Financial Co. has a 12-month low of $128.23 and a 12-month high of $210.67. The firm has a market capitalization of $68.88 billion, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 1.19 and a beta of 1.24. The stock’s 50 day moving average price is $173.97 and its two-hundred day moving average price is $181.09. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, topping analysts’ consensus estimates of $3.75 by $0.31. The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.07 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. On average, equities analysts forecast that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Tuesday, February 18th. Capital One Financial’s payout ratio is 20.15%.

Analyst Upgrades and Downgrades

COF has been the subject of several recent analyst reports. Truist Financial lifted their target price on shares of Capital One Financial from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, April 25th. HSBC upgraded Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 target price for the company in a research note on Tuesday, January 14th. Citigroup decreased their price target on Capital One Financial from $245.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Barclays increased their price objective on shares of Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Finally, Royal Bank of Canada set a $190.00 target price on shares of Capital One Financial and gave the company a “sector perform” rating in a report on Monday, April 14th. Four equities research 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $207.73.

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.