Prudential Financial Inc. Has $36.74 Million Stake in Capital One Financial Co. (NYSE:COF)

Prudential Financial Inc. lowered its stake in shares of Capital One Financial Co. (NYSE:COF) by 18.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,028 shares of the financial services provider’s stock after selling 47,352 shares during the quarter. Prudential Financial Inc. owned about 0.05% of Capital One Financial worth $36,739,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Egerton Capital UK LLP acquired a new stake in shares of Capital One Financial during the 4th quarter worth $279,159,000. FMR LLC grew its stake in Capital One Financial by 21.4% during the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock worth $994,350,000 after buying an additional 1,169,395 shares in the last quarter. International Assets Investment Management LLC bought a new position in Capital One Financial in the 4th quarter valued at about $130,683,000. Wellington Management Group LLP raised its position in shares of Capital One Financial by 268.7% in the 3rd quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock valued at $146,052,000 after buying an additional 710,881 shares in the last quarter. Finally, Southpoint Capital Advisors LP bought a new stake in shares of Capital One Financial during the 3rd quarter worth approximately $104,811,000. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $182.54 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. Capital One Financial Co. has a 52 week low of $128.23 and a 52 week high of $210.67. The firm has a market cap of $69.61 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47. The firm’s fifty day moving average is $191.47 and its 200-day moving average is $177.12.

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

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 1.31%. Capital One Financial’s payout ratio is 20.71%.

Analyst Ratings Changes

COF has been the subject of several research analyst reports. BTIG Research upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and set a $208.00 price objective for the company in a research report on Tuesday. Barclays upped their price objective on Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Royal Bank of Canada lifted their target price on Capital One Financial from $190.00 to $200.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 22nd. Truist Financial lowered their target price on Capital One Financial from $257.00 to $215.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Finally, Citigroup reduced their price target on shares of Capital One Financial from $245.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Capital One Financial has an average rating of “Moderate Buy” and a consensus target price of $206.63.

About Capital One Financial

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.