Kennondale Capital Management LLC Acquires New Shares in Capital One Financial Co. (NYSE:COF)

Kennondale Capital Management LLC acquired a new stake in shares of Capital One Financial Co. (NYSE:COF - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,988 shares of the financial services provider's stock, valued at approximately $2,494,000. Capital One Financial makes up 2.0% of Kennondale Capital Management LLC's investment portfolio, making the stock its 8th largest position.

Several other institutional investors have also added to or reduced their stakes in the company. State Street Corp raised its position in Capital One Financial by 0.5% during the third quarter. State Street Corp now owns 16,506,861 shares of the financial services provider's stock valued at $2,471,572,000 after purchasing an additional 74,784 shares in the last quarter. Franklin Resources Inc. raised its position in Capital One Financial by 2.8% during the third quarter. Franklin Resources Inc. now owns 10,387,265 shares of the financial services provider's stock valued at $1,649,488,000 after purchasing an additional 280,462 shares in the last quarter. Fisher Asset Management LLC raised its position in Capital One Financial by 0.7% during the third quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider's stock valued at $1,451,527,000 after purchasing an additional 72,097 shares in the last quarter. Geode Capital Management LLC raised its position in Capital One Financial by 2.0% during the third quarter. Geode Capital Management LLC now owns 8,020,160 shares of the financial services provider's stock valued at $1,198,664,000 after purchasing an additional 159,616 shares in the last quarter. Finally, FMR LLC raised its position in Capital One Financial by 21.4% during the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider's stock valued at $994,350,000 after purchasing an additional 1,169,395 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

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Capital One Financial Stock Up 0.2 %

NYSE COF traded up $0.32 during trading hours on Friday, hitting $174.79. The company's stock had a trading volume of 5,074,825 shares, compared to its average volume of 2,724,644. Capital One Financial Co. has a 52 week low of $128.23 and a 52 week high of $210.67. The company has a market capitalization of $66.65 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The company's 50-day simple moving average is $191.50 and its two-hundred day simple moving average is $176.09.

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

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 1.37%. Capital One Financial's dividend payout ratio (DPR) is 20.71%.

Wall Street Analyst Weigh In

COF has been the subject of several research analyst reports. Royal Bank of Canada upped their price target on shares of Capital One Financial from $190.00 to $200.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 22nd. UBS Group upgraded shares of Capital One Financial from a "neutral" rating to a "buy" rating and upped their price target for the stock from $168.00 to $235.00 in a report on Monday, January 13th. Truist Financial lowered their price target on shares of Capital One Financial from $257.00 to $215.00 and set a "buy" rating for the company in a report on Friday. Evercore ISI upgraded shares of Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 price target for the company in a report on Wednesday, March 12th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Capital One Financial from $185.00 to $232.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $203.87.

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.