M&T Bank Corp Trims Stake in Capital One Financial Corp. (COF)

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M&T Bank Corp reduced its position in shares of Capital One Financial Corp. (NYSE:COF) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,558 shares of the financial services provider’s stock after selling 4,041 shares during the period. M&T Bank Corp’s holdings in Capital One Financial were worth $5,938,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Legacy Private Trust Co. grew its stake in shares of Capital One Financial by 91.3% during the third quarter. Legacy Private Trust Co. now owns 5,318 shares of the financial services provider’s stock worth $505,000 after purchasing an additional 2,538 shares in the last quarter. Montecito Bank & Trust grew its stake in shares of Capital One Financial by 32.2% during the third quarter. Montecito Bank & Trust now owns 5,066 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 1,234 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Capital One Financial by 15.1% during the third quarter. Bank of Montreal Can now owns 2,034,276 shares of the financial services provider’s stock worth $193,115,000 after purchasing an additional 267,426 shares in the last quarter. Winslow Evans & Crocker Inc. grew its stake in shares of Capital One Financial by 15.0% during the third quarter. Winslow Evans & Crocker Inc. now owns 11,666 shares of the financial services provider’s stock worth $1,110,000 after purchasing an additional 1,526 shares in the last quarter. Finally, First Hawaiian Bank acquired a new position in shares of Capital One Financial during the third quarter worth $1,397,000. Institutional investors own 88.09% of the company’s stock.

NYSE COF opened at $77.83 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.02 and a quick ratio of 1.01. Capital One Financial Corp. has a 1 year low of $69.90 and a 1 year high of $101.67. The firm has a market capitalization of $37.43 billion, a price-to-earnings ratio of 7.15, a P/E/G ratio of 0.86 and a beta of 1.26.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, January 22nd. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.41 by ($0.54). Capital One Financial had a net margin of 18.58% and a return on equity of 11.05%. The company had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the prior year, the company earned $1.59 EPS. The business’s revenue was up .2% on a year-over-year basis. On average, sell-side analysts anticipate that Capital One Financial Corp. will post 11.11 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 22nd. Shareholders of record on Monday, February 11th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 8th. This represents a $1.60 annualized dividend and a yield of 2.06%. Capital One Financial’s dividend payout ratio is presently 14.71%.

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of Capital One Financial from $113.00 to $107.00 and set an “overweight” rating for the company in a research note on Wednesday, October 24th. Citigroup lowered their target price on shares of Capital One Financial from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, November 1st. Nomura lowered their target price on shares of Capital One Financial from $109.00 to $98.00 and set a “neutral” rating for the company in a research note on Wednesday, October 24th. Zacks Investment Research upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a research note on Thursday, December 6th. Finally, BMO Capital Markets boosted their target price on shares of Capital One Financial from $135.00 to $146.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 24th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $104.31.

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Capital One Financial Profile

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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