Allspring Global Investments Holdings LLC Trims Holdings in Capital One Financial Co. (NYSE:COF)

Allspring Global Investments Holdings LLC lowered its holdings in Capital One Financial Co. (NYSE:COF) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,411 shares of the financial services provider’s stock after selling 3,061 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Capital One Financial were worth $14,370,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. purchased a new stake in Capital One Financial in the fourth quarter valued at $32,000. Catalyst Capital Advisors LLC purchased a new stake in Capital One Financial in the third quarter valued at $36,000. Creative Financial Designs Inc. ADV raised its position in Capital One Financial by 135.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 166 shares during the period. Eastern Bank purchased a new stake in Capital One Financial in the third quarter valued at $44,000. Finally, Prospera Private Wealth LLC purchased a new stake in Capital One Financial in the third quarter valued at $47,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Up 2.5 %

COF opened at $202.25 on Tuesday. The business has a 50 day moving average price of $189.51 and a two-hundred day moving average price of $168.58. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. The company has a market cap of $77.10 billion, a PE ratio of 17.45, a P/E/G ratio of 1.26 and a beta of 1.47. Capital One Financial Co. has a 52 week low of $128.23 and a 52 week high of $208.63.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, beating the consensus estimate of $2.78 by $0.31. The firm had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.81 EPS. As a group, research analysts anticipate that Capital One Financial Co. will post 15.41 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.19%. The ex-dividend date is Tuesday, February 18th. Capital One Financial’s dividend payout ratio is presently 20.71%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on COF. HSBC upgraded Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price objective on the stock in a report on Tuesday, January 14th. Evercore ISI boosted their price objective on Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Hsbc Global Res upgraded Capital One Financial from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 14th. Bank of America downgraded Capital One Financial from a “buy” rating to a “neutral” rating and cut their price objective for the company from $203.00 to $200.00 in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. boosted their price objective on Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a report on Monday, December 9th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Capital One Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $196.31.

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.