Envestnet Asset Management Inc. Increases Stock Holdings in Capital One Financial Co. (NYSE:COF)

Envestnet Asset Management Inc. grew its position in Capital One Financial Co. (NYSE:COF - Free Report) by 4.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 615,945 shares of the financial services provider's stock after acquiring an additional 26,492 shares during the period. Envestnet Asset Management Inc. owned 0.16% of Capital One Financial worth $109,835,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of COF. Dynamic Technology Lab Private Ltd raised its position in Capital One Financial by 238.1% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 9,750 shares of the financial services provider's stock valued at $1,739,000 after purchasing an additional 6,866 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new position in Capital One Financial in the 4th quarter valued at approximately $20,767,000. Integrated Quantitative Investments LLC acquired a new stake in Capital One Financial during the 4th quarter worth approximately $433,000. Unison Advisors LLC grew its holdings in Capital One Financial by 0.3% during the 4th quarter. Unison Advisors LLC now owns 29,831 shares of the financial services provider's stock worth $5,319,000 after acquiring an additional 96 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC increased its position in Capital One Financial by 1.5% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 11,376 shares of the financial services provider's stock valued at $2,029,000 after acquiring an additional 170 shares during the period. 89.84% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Evercore ISI raised shares of Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 price objective on the stock in a research note on Wednesday, March 12th. Argus upgraded Capital One Financial to a "strong-buy" rating in a research report on Thursday, January 23rd. BTIG Research upgraded Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price objective for the company in a research report on Tuesday, March 25th. Robert W. Baird upgraded shares of Capital One Financial from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $190.00 to $200.00 in a research report on Tuesday, March 11th. Finally, Truist Financial decreased their price objective on shares of Capital One Financial from $257.00 to $215.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $206.73.

Capital One Financial Stock Down 0.7 %

NYSE:COF traded down $1.16 on Friday, hitting $161.00. The stock had a trading volume of 5,339,028 shares, compared to its average volume of 3,047,057. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. Capital One Financial Co. has a 52 week low of $128.23 and a 52 week high of $210.67. The business's fifty day moving average is $182.18 and its 200 day moving average is $179.34. The company has a market cap of $61.42 billion, a PE ratio of 13.89, a P/E/G ratio of 1.19 and a beta of 1.24.

Capital One Financial (NYSE:COF - Get Free Report) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.78 by $0.31. The company had revenue of $10.19 billion for the quarter, compared to analysts' expectations of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. Capital One Financial's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business earned $2.81 EPS. On average, equities research analysts expect 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. Stockholders of record on Tuesday, February 18th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial's payout ratio is presently 20.71%.

About Capital One Financial

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.