Main Street Financial Solutions LLC Makes New $320,000 Investment in Capital One Financial Co. (NYSE:COF)

Main Street Financial Solutions LLC bought a new stake in Capital One Financial Co. (NYSE:COF - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,793 shares of the financial services provider's stock, valued at approximately $320,000.

Several other institutional investors and 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 stake in shares of Capital One Financial in the 4th quarter valued at $279,159,000. FMR LLC grew its holdings in shares of Capital One Financial by 21.6% in the 4th quarter. FMR LLC now owns 8,077,886 shares of the financial services provider's stock worth $1,440,449,000 after purchasing an additional 1,436,935 shares during the last quarter. Invesco Ltd. increased its position in shares of Capital One Financial by 38.7% during the 4th quarter. Invesco Ltd. now owns 4,117,444 shares of the financial services provider's stock worth $734,223,000 after purchasing an additional 1,148,443 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in Capital One Financial during the 4th quarter valued at about $130,683,000. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Stock Up 4.6 %

Shares of COF traded up $7.89 during midday trading on Wednesday, hitting $178.09. The stock had a trading volume of 4,505,398 shares, compared to its average volume of 3,117,326. The firm has a market cap of $67.94 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 1.19 and a beta of 1.24. The company has a 50 day simple moving average of $177.01 and a two-hundred day simple moving average of $179.88. Capital One Financial Co. has a twelve month low of $128.23 and a twelve 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 released its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, beating the consensus estimate of $3.75 by $0.31. The firm had revenue of $10 billion for the quarter, compared to analysts' expectations of $10.07 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. On average, analysts anticipate that Capital One Financial Co. will post 15.65 EPS for the current 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 paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.35%. Capital One Financial's dividend payout ratio is 20.71%.

Analyst Ratings Changes

A number of research firms have recently issued reports on COF. Argus upgraded shares of Capital One Financial to a "strong-buy" rating in a research note on Thursday, January 23rd. Citigroup cut their price objective on Capital One Financial from $245.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, March 24th. 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, March 21st. Evercore ISI raised Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 price objective on the stock in a report on Wednesday, March 12th. Finally, Hsbc Global Res raised Capital One Financial from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 14th. Four equities 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. Based on data from MarketBeat.com, Capital One Financial has a consensus rating of "Moderate Buy" and a consensus price target of $206.07.

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.