Allstate Corp Makes New Investment in Capital One Financial Co. (NYSE:COF)

Allstate Corp bought a new position in Capital One Financial Co. (NYSE:COF - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 11,325 shares of the financial services provider's stock, valued at approximately $2,019,000.

Several other large investors also recently bought and sold shares of the stock. Bfsg LLC acquired a new stake in shares of Capital One Financial during the fourth quarter worth about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Capital One Financial in the 4th quarter valued at $27,000. TruNorth Capital Management LLC acquired a new stake in shares of Capital One Financial in the fourth quarter worth $29,000. SBI Securities Co. Ltd. purchased a new position in shares of Capital One Financial during the fourth quarter worth $32,000. Finally, Decker Retirement Planning Inc. acquired a new position in Capital One Financial during the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Analysts Set New Price Targets

COF has been the topic of several analyst reports. BTIG Research upgraded Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price target for the company in a research report on Tuesday, March 25th. Argus upgraded shares of Capital One Financial to a "strong-buy" rating in a research note on Thursday, January 23rd. Truist Financial dropped their price target on shares of Capital One Financial from $257.00 to $215.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Royal Bank of Canada upped their price objective on shares of Capital One Financial from $190.00 to $200.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 22nd. Finally, Citigroup dropped their target price on Capital One Financial from $245.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Capital One Financial has an average rating of "Moderate Buy" and an average target price of $206.63.

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Capital One Financial Price Performance

Shares of NYSE COF traded up $4.05 during mid-day trading on Wednesday, reaching $182.27. The company's stock had a trading volume of 3,558,932 shares, compared to its average volume of 2,852,850. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a 50-day moving average of $190.16 and a two-hundred day moving average of $178.50. Capital One Financial Co. has a 1-year low of $128.23 and a 1-year high of $210.67. The stock has a market capitalization of $69.50 billion, a P/E ratio of 15.73, a P/E/G ratio of 1.19 and a beta of 1.47.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.78 by $0.31. The firm had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. Capital One Financial's quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.81 earnings per share. On average, equities research analysts anticipate that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a $0.60 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 1.32%. Capital One Financial's dividend payout ratio is currently 20.71%.

Capital One Financial Profile

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.