Bridgewater Associates LP Buys 64,171 Shares of Capital One Financial Co. (NYSE:COF)

Bridgewater Associates LP boosted its position in Capital One Financial Co. (NYSE:COF - Free Report) by 73.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 151,821 shares of the financial services provider's stock after acquiring an additional 64,171 shares during the period. Bridgewater Associates LP's holdings in Capital One Financial were worth $27,073,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Capital One Financial in the 4th quarter valued at $590,279,000. Egerton Capital UK LLP acquired a new position in shares of Capital One Financial during the fourth quarter valued at about $279,159,000. FMR LLC grew its holdings in shares of Capital One Financial by 21.6% during the fourth quarter. FMR LLC now owns 8,077,886 shares of the financial services provider's stock valued at $1,440,449,000 after buying an additional 1,436,935 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Capital One Financial by 38.7% in the 4th quarter. Invesco Ltd. now owns 4,117,444 shares of the financial services provider's stock worth $734,223,000 after acquiring an additional 1,148,443 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in Capital One Financial in the 4th quarter valued at about $130,683,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on COF shares. HSBC raised Capital One Financial from a "reduce" rating to a "hold" rating and set a $176.00 price objective for the company in a research note on Tuesday, January 14th. Bank of America raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $207.00 to $235.00 in a report on Wednesday, February 19th. Robert W. Baird upgraded shares of Capital One Financial from a "neutral" rating to an "outperform" rating and increased their target price for the company from $190.00 to $200.00 in a report on Tuesday, March 11th. Hsbc Global Res upgraded shares of Capital One Financial from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 14th. Finally, Wells Fargo & Company lifted their target price on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of "Moderate Buy" and a consensus price target of $206.07.

Capital One Financial Price Performance

Shares of COF traded up $2.71 during midday trading on Friday, hitting $162.77. 2,338,807 shares of the company traded hands, compared to its average volume of 3,056,738. The stock has a 50-day moving average of $178.17 and a 200-day moving average of $179.39. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. Capital One Financial Co. has a one year low of $128.23 and a one year high of $210.67. The firm has a market cap of $62.09 billion, a P/E ratio of 14.04, a PEG ratio of 1.19 and a beta of 1.24.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 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%. The business's revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.81 EPS. As a group, sell-side analysts predict that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Tuesday, February 18th. Capital One Financial's dividend payout ratio is currently 20.71%.

Capital One Financial Company 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.