Principal Financial Group Inc. Has $76.25 Million Stock Holdings in Capital One Financial Co. (NYSE:COF)

Principal Financial Group Inc. lessened its holdings in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 427,620 shares of the financial services provider's stock after selling 3,034 shares during the period. Principal Financial Group Inc. owned 0.11% of Capital One Financial worth $76,253,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Sierra Ocean LLC bought a new position in shares of Capital One Financial during the fourth quarter valued at approximately $48,000. J.W. Cole Advisors Inc. boosted its position in Capital One Financial by 5.6% during the 4th quarter. J.W. Cole Advisors Inc. now owns 2,411 shares of the financial services provider's stock valued at $430,000 after purchasing an additional 127 shares during the period. Valmark Advisers Inc. bought a new position in Capital One Financial during the 4th quarter worth $210,000. Csenge Advisory Group increased its position in Capital One Financial by 8.4% in the fourth quarter. Csenge Advisory Group now owns 3,492 shares of the financial services provider's stock worth $623,000 after buying an additional 270 shares during the period. Finally, Game Plan Financial Advisors LLC bought a new stake in Capital One Financial in the fourth quarter valued at $71,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Price Performance

Shares of COF traded down $5.90 during trading hours on Friday, hitting $199.47. 2,376,842 shares of the company were exchanged, compared to its average volume of 3,365,354. The firm has a fifty day simple moving average of $191.14 and a 200-day simple moving average of $170.00. The company has a market capitalization of $76.04 billion, a PE ratio of 17.22, a PEG ratio of 1.21 and a beta of 1.47. 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 Co. has a one year low of $128.23 and a one year high of $210.67.

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 for the quarter, beating analysts' consensus estimates of $2.78 by $0.31. The business had revenue of $10.19 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the company posted $2.81 EPS. As a group, sell-side analysts predict that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Tuesday, February 18th. Capital One Financial's dividend payout ratio (DPR) is currently 20.71%.

Analysts Set New Price Targets

A number of research firms recently weighed in on COF. Bank of America raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $207.00 to $235.00 in a report on Wednesday. Wells Fargo & Company lifted their price objective on shares of Capital One Financial from $185.00 to $210.00 and gave the company an "overweight" rating in a research note on Friday, January 3rd. Barclays increased their target price on shares of Capital One Financial from $219.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. 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, Truist Financial upped their price target on shares of Capital One Financial from $229.00 to $257.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $198.50.

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.