Heritage Trust Co purchased a new stake in shares of Capital One Financial Co. (NYSE:COF - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 20,372 shares of the financial services provider's stock, valued at approximately $3,633,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Treasurer of the State of North Carolina lifted its holdings in Capital One Financial by 1.5% in the fourth quarter. Treasurer of the State of North Carolina now owns 229,443 shares of the financial services provider's stock valued at $40,914,000 after acquiring an additional 3,355 shares during the period. Legacy Financial Advisors Inc. lifted its stake in shares of Capital One Financial by 17.4% in the 4th quarter. Legacy Financial Advisors Inc. now owns 2,611 shares of the financial services provider's stock worth $466,000 after purchasing an additional 387 shares during the period. Scotia Capital Inc. bought a new position in shares of Capital One Financial in the 4th quarter worth approximately $1,340,000. Phoenix Financial Ltd. purchased a new position in shares of Capital One Financial in the fourth quarter worth approximately $6,773,000. Finally, Bessemer Group Inc. grew its position in Capital One Financial by 5.0% during the fourth quarter. Bessemer Group Inc. now owns 32,616 shares of the financial services provider's stock valued at $5,816,000 after buying an additional 1,539 shares during the period. 89.84% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts have recently weighed in on COF shares. Barclays lifted their price target on shares of Capital One Financial from $219.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. BTIG Research raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 target price for the company in a report on Tuesday, March 25th. UBS Group raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and lifted their price target for the company from $168.00 to $235.00 in a report on Monday, January 13th. Hsbc Global Res raised shares of Capital One Financial from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Capital One Financial from $198.00 to $170.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Four equities research 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 company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $206.73.
Read Our Latest Stock Analysis on COF
Capital One Financial Price Performance
Shares of COF traded up $1.04 during mid-day trading on Tuesday, hitting $163.56. 2,732,976 shares of the stock were exchanged, compared to its average volume of 3,046,310. 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 company has a market cap of $62.39 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 1.19 and a beta of 1.24. Capital One Financial Co. has a 52-week low of $128.23 and a 52-week high of $210.67. The firm has a 50-day moving average of $181.35 and a two-hundred day moving average of $179.44.
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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $10.19 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the prior year, the firm earned $2.81 earnings per share. Capital One Financial's revenue was up 7.2% on a year-over-year basis. On average, equities analysts predict that Capital One Financial Co. will post 15.65 earnings per share for the current year.
Capital One Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 1.47%. Capital One Financial's payout ratio is currently 20.71%.
About Capital One Financial
(
Free Report)
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.
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