Grantham Mayo firm cuts Capital One holdings despite strong earnings beating analyst forecasts.

Boston-based investment firm Grantham Mayo Van Otterloo & Co. LLC reduced its holdings in Capital One Financial (COF) by 26.4% in the fourth quarter, selling 101,456 shares, while another firm, World Investment Advisors, increased its position by 13.3%. Capital One reported strong earnings, surpassing analyst expectations with EPS of $3.09 and revenue of $10.19 billion, up 7.2% year-over-year. The stock has a dividend yield of 1.60% and analysts predict 15.65 EPS for the year.

5 days ago
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