Moors & Cabot Inc. Trims Stake in Capital One Financial

In a recent financial move, Moors & Cabot Inc. has scaled down its investment in Capital One Financial Co. (NYSE:COF), a noted financial services company. During the third quarter, Moors & Cabot Inc. reported a 12.0% reduction in its shares held in Capital One, as stated in its latest Form 13F filing with the Securities & Exchange Commission. After selling off 500 shares, the firm's investment in Capital One stood at 3,671 shares, valued at approximately $356,000 at quarter's end.

Other Hedge Funds' Activity

Capital One Financial has seen varying levels of interest from other hedge funds and institutional investors. Financial Gravity Asset Management Inc. notably boosted its holdings by 198.2% during the second quarter, and now holds 164 shares, valued at around $207,000. In contrast, new positions were established by West Tower Group LLC and Neo Ivy Capital Management during the second quarter, valued at $31,000 and $37,000 respectively. Likewise, Resurgent Financial Advisors LLC initiated a new position in the fourth quarter, worth about $34,000. Another significant increase was seen with Venturi Wealth Management LLC, which raised its stake by 66.5% during the third quarter, now holding 393 shares with a market value of $38,000. Institutional investors and hedge funds currently own 90.09% of the company's stock.

Capital One Financial Stock Performance

On a recent trading day, the stock of Capital One Financial opened at $135.24, heavy influenced by market fluctuations. The company's performance over time is tracked with a 50-day moving average of $127.41 and a 200-day moving average of $111.51. The financials of Capital One Financial showed a year-to-date low and high of $83.93 and $140.86, respectively. The company exhibits a stable financial stance with a debt-to-equity ratio of 0.85 and liquidity ratios over 1. The market capitalization stands at $51.51 billion, and the stock has a beta of 1.49, making it moderately volatile in the stock market context.

Capital One Financial Dividend Payout

A quarterly dividend was recently declared by Capital One Financial, slated for payment to shareholders on February 23rd, with a record date on February 12th and an ex-dividend date of February 9th. This dividend is announced at $0.60 per share, amounting to a $2.40 annualized yield of 1.77%. The firm upholds a dividend payout ratio (DPR) of 20.08%, reflecting a strong commitment to returning value to shareholders.

Analyst Perspectives and Price Targets

Several analysts have updated their perspectives on COF shares, with mixed projections and price targets. Piper Sandler adjusted their target from $123.00 to $126.00, maintaining a 'neutral' stance. Bank of America shifted from a 'neutral' to a 'buy' rating, lifting their price forecast from $112.00 to $129.00. Similarly, Barclays enhanced their outlook from $114.00 to $154.00 but kept an 'equal weight' rating. Contrary to these, HSBC initiated coverage with a 'reduce' rating and a price target of $84.00. Overall, the consensus among analysts points to a 'Hold' rating with an average target price of $122.68.

Insider Sales at Capital One Financial

There have been noteworthy insider trades involving Capital One Financial's stock. CEO Richard D. Fairbank sold 3,890 shares averagely priced at $105.76, totaling to $411,406.40. Post-transaction, Fairbank's direct holdings total 3,848,412 shares, valued at over $407 million. Additionally, Director Ann F. Hackett also engaged in selling 3,000 shares at an average price point of $130.00, tallying up to $390,000.00. These transactions are as per disclosures filed with the Securities & Exchange Commission.

About Capital One Financial

Capital One Financial Corporation is a diversified financial services holding company. It functions through Capital One Bank (USA), National Association, and Capital One, National Association, offering a plethora of financial products and services across the U.S., Canada, and the U.K. The company operates in three primary segments: Credit Card, Consumer Banking, and Commercial Banking.

CapitalOne, Investment, Finance