IMA Wealth Inc. sells 10,972 shares of Capital One Monetary Co. (NYSE:COF)
IMA Wealth INC lowered its place in Capital One Monetary INC (NYSE:COF) in the course of the third quarter, in accordance with its most up-to-date submitting with the Securities and Trade Fee.
The corporate offered this info. After promoting 10,972 shares of the monetary companies supplier’s inventory on the finish of the quarter, the agency now owns 10,334 shares.
The newest report launched by the SEC exhibits that IMA Wealth INC’s funding in Capital One Monetary was $952K.
Tuesday, January twenty fourth marked the day the quarterly earnings report for Capital One Monetary (NYSE: COF ) was made accessible to the general public.
The monetary companies firm’s quarterly earnings per share got here in at $2.82, which was $0.99 in need of the typical estimate of $3.81, indicating that the corporate carried out under expectations. Capital One Monetary has achieved fairly properly, as evidenced by its respectable web revenue margin of 19.18% and 13.52% return on fairness.
Regardless of this, the corporate was solely ready to herald $9.04 billion in income in the course of the quarter, although analysts had been forecasting $9.07 billion in income.
Earnings per share for the present yr had been $5.41, a major enhance in comparison with final yr’s outcomes for a similar quarter. In comparison with the identical quarter final yr, income development was 11.4% larger than earlier than.
For the present fiscal yr, sell-side analysts forecast that Capital One Monetary Co will submit earnings of 14.45 cents per share.
Shares of NYSE COF traded down $1.27 throughout noon buying and selling on Friday, hitting $99.67.
The inventory’s common quantity is 3,217,782 shares, so the variety of shares traded was considerably decrease than that.
A complete of 1,708,027 shares had been traded.
The corporate has a market cap of $37.98 billion, a price-to-earnings ratio of 5.67, a price-to-earnings-growth ratio of 1.02 and a beta of 1.49.
All these metrics present that the inventory is comparatively costly.
The corporate’s present share worth is $108.05, which is larger than its 50-day easy shifting common. Nevertheless, the corporate’s share worth is at the moment buying and selling at $102.61, which is under its 200-day easy shifting common.
Over the previous yr, Capital One Monetary Firm’s highest worth was $144.73 and its lowest worth was $86.98. Whereas fast and present ratios stand at 0.99, debt to fairness ratios are available at 0.91.
A number of different main traders have additionally modified the share of firm shares they personal.
Blume Capital Administration INC raised its stake in shares of Capital One Monetary by 0.9% within the third quarter Blume Capital Administration INC raised its stake in shares of Capital One Monetary by 0.9% within the third quarter . Blume Capital Administration INC now owns 58,204 shares of the monetary companies supplier’s inventory after buying a further 525 shares throughout the latest quarter.
This inventory is at the moment valued at $5,365,000.
Throughout the third quarter, EPG Wealth Administration LLC achieved its holdings in Capital One Monetary, which was 37.3% larger than the earlier quarter.
Throughout the latest reporting interval, EPG Wealth Administration LLC acquired a further 1,172 shares of the monetary companies supplier’s inventory, bringing the corporate’s complete holding to 2,428 shares.
As a direct results of this growth, the group now owns 4,315 shares of the corporate’s inventory, which has a market worth of $398,000. Jacobs Levy Fairness Administration INC grew its holdings in shares of Capital One Monetary by 14.4% in the course of the third quarter. Jacobs Levy Fairness Administration INC now owns 204,024 shares of the monetary companies firm’s inventory after buying a further 25,723 shares over the last quarter.
The shares are at the moment valued at $18,805,000.
Public Workers Retirement Affiliation of Colorado boosted its holdings in shares of Capital One Monetary by 2.7% in the course of the third quarter.
Public Workers Retirement Affiliation of Colorado now owns 68,447 shares of the monetary companies supplier’s inventory after buying a further 1,789 shares over the last quarter.
This brings the affiliation’s complete variety of shares to 68,447.
The market worth of those shares is at the moment $6,309,000.
And eventually, by the top of the third quarter, Colony Group LLC’s holdings in Capital One Monetary had grown by 4.6% in comparison with the earlier quarter. Colony Group LLC now owns 154,868 shares of the monetary companies supplier’s inventory after buying a further 6,876 shares throughout the latest interval.
The market worth of those shares in the present day is $14,274,000.
Establishments at the moment maintain 88.30% of the corporate’s shares.
Moreover, on February 17, the corporate introduced and distributed a quarterly dividend, which was paid the identical day it was introduced. Shareholders of file on Monday, February sixth had been paid a dividend of $0.60 per share.
The dividend was paid.
The day this dividend cost could be decreased or eradicated was February third, a Friday, and it was a Friday.
This interprets to a yield of two.41% and a dividend cost of $2.40 per yr for every shareholder.
By the numbers, the payout ratio for Capital One Monetary is 13.48%.
The views of a number of completely different brokerages relating to COF have been offered. Jefferies Monetary Group upgraded Capital One Monetary from a “purchase” score to a “maintain” score in a report on Tuesday, January tenth.
Moreover, they minimize their worth goal on the inventory from $120.00 to $100.00, which was beforehand set.
Wells Fargo & Firm minimize Capital One Monetary from an “chubby” score and their worth goal for the inventory to $115.00 from $120.00 in a analysis notice on January 4th.
Odeon Capital Group’s earlier “maintain” advice on Capital One Monetary has been modified to a “promote” advice, whereas the value goal remained the identical at $94.20.
The findings of a analysis notice had been offered to most of the people on Thursday 2 March.
BMO Capital Markets decreased their worth goal on Capital One Monetary from $152.00 to $140.00 and set an “outperform” score for the corporate in a analysis notice on Wednesday, January twenty fifth.
Barclays decreased their worth goal on Capital One Monetary from $160.00 to $119.00 and altered the corporate’s score from an “chubby” to an “equal weight” in a analysis notice printed on January third. 5 analysis analysts advise shoppers to purchase the corporate’s inventory. seven analysts advise shoppers to carry on to their current holdings. and 4 fairness analysis professionals advise shoppers to promote shares of the corporate.
In keeping with info from Bloomberg.com, the inventory at the moment has a median score of “Maintain” and analysts have set a consensus worth goal of $121.12.
Moreover, analysts have given the inventory a worth goal of $121.12 per share.