Rhumbline Advisers cut its position in Capital One Financial Corp. (NYSE:COF) by 2.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 842,928 shares of the financial services provider’s stock after selling 20,177 shares during the period. Rhumbline Advisers’ holdings in Capital One Financial were worth $80,019,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in COF. Epoch Investment Partners Inc. acquired a new position in shares of Capital One Financial in the second quarter valued at about $75,707,000. TD Asset Management Inc. increased its holdings in shares of Capital One Financial by 339.9% in the second quarter. TD Asset Management Inc. now owns 886,903 shares of the financial services provider’s stock valued at $81,506,000 after purchasing an additional 685,275 shares during the period. Pzena Investment Management LLC increased its holdings in shares of Capital One Financial by 11.5% in the second quarter. Pzena Investment Management LLC now owns 5,437,557 shares of the financial services provider’s stock valued at $499,711,000 after purchasing an additional 559,856 shares during the period. ANTIPODES PARTNERS Ltd acquired a new position in shares of Capital One Financial in the second quarter valued at about $48,038,000. Finally, Chevy Chase Trust Holdings Inc. acquired a new position in shares of Capital One Financial in the second quarter valued at about $38,466,000. 89.50% of the stock is currently owned by institutional investors and hedge funds.

COF has been the topic of a number of recent research reports. BMO Capital Markets upped their target price on Capital One Financial from $135.00 to $146.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 24th. JPMorgan Chase & Co. lowered their target price on Capital One Financial from $113.00 to $107.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 24th. Barclays restated a “buy” rating on shares of Capital One Financial in a research note on Monday, October 29th. Wells Fargo & Co upped their target price on Capital One Financial from $109.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, October 1st. Finally, Nomura lowered their target price on Capital One Financial from $109.00 to $98.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the company’s stock. Capital One Financial presently has a consensus rating of “Buy” and a consensus price target of $109.33.

Shares of COF stock opened at $88.92 on Thursday. The company has a market cap of $42.21 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 0.72 and a beta of 1.27. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. Capital One Financial Corp. has a 12-month low of $84.94 and a 12-month high of $106.50.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $0.23. The company had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.88 billion. Capital One Financial had a return on equity of 11.01% and a net margin of 11.84%. Capital One Financial’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.42 earnings per share. On average, research analysts predict that Capital One Financial Corp. will post 11.38 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 23rd. Shareholders of record on Monday, November 12th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.60 dividend on an annualized basis and a yield of 1.80%. Capital One Financial’s dividend payout ratio is currently 20.54%.

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Capital One Financial Company 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.

Read More: Why is the ex-dividend date different from the record date?

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

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