Invesco Ltd. Grows Stake in Capital One Financial Co. (NYSE:COF)

Invesco Ltd. boosted its stake in Capital One Financial Co. (NYSE:COF - Free Report) by 38.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,117,444 shares of the financial services provider's stock after buying an additional 1,148,443 shares during the period. Invesco Ltd. owned 1.08% of Capital One Financial worth $734,223,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in shares of Capital One Financial by 4.3% in the 3rd quarter. Principal Financial Group Inc. now owns 430,654 shares of the financial services provider's stock valued at $64,482,000 after purchasing an additional 17,825 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Capital One Financial by 4.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,174 shares of the financial services provider's stock valued at $8,234,000 after buying an additional 2,006 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Capital One Financial by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider's stock valued at $1,467,393,000 after buying an additional 207,427 shares in the last quarter. Artemis Investment Management LLP purchased a new stake in shares of Capital One Financial in the 4th quarter worth about $46,915,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Capital One Financial by 9.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 250,696 shares of the financial services provider's stock worth $44,704,000 after acquiring an additional 22,063 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

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Capital One Financial Stock Performance

Capital One Financial stock traded down $1.16 during mid-day trading on Friday, reaching $161.00. 5,339,028 shares of the stock traded hands, compared to its average volume of 3,047,057. The business's 50-day moving average is $182.18 and its 200-day moving average is $179.34. The stock has a market capitalization of $61.42 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 1.19 and a beta of 1.24. Capital One Financial Co. has a 12-month low of $128.23 and a 12-month high of $210.67. 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 (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The firm had revenue of $10.19 billion for the quarter, compared to analysts' expectations of $10.22 billion. During the same quarter in the prior year, the business earned $2.81 EPS. The business's quarterly revenue was up 7.2% on a year-over-year basis. 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Tuesday, February 18th. Capital One Financial's payout ratio is 20.71%.

Analyst Upgrades and Downgrades

COF has been the topic of several research reports. Baird R W raised shares of Capital One Financial from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. JPMorgan Chase & Co. dropped their price target on Capital One Financial from $198.00 to $170.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Bank of America raised Capital One Financial from a "neutral" rating to a "buy" rating and raised their price objective for the company from $207.00 to $235.00 in a research report on Wednesday, February 19th. Robert W. Baird raised Capital One Financial from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $190.00 to $200.00 in a report on Tuesday, March 11th. Finally, Truist Financial reduced their price target on Capital One Financial from $257.00 to $215.00 and set a "buy" rating for the company in a report on Friday, March 21st. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $206.73.

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.