Tribune Investment Group LP Buys Shares of 48,000 Capital One Financial Co. (NYSE:COF)

Tribune Investment Group LP acquired a new position in Capital One Financial Co. (NYSE:COF - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 48,000 shares of the financial services provider's stock, valued at approximately $8,559,000. Capital One Financial comprises approximately 4.8% of Tribune Investment Group LP's portfolio, making the stock its 8th largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in shares of Capital One Financial by 4.3% during the third quarter. Principal Financial Group Inc. now owns 430,654 shares of the financial services provider's stock worth $64,482,000 after purchasing an additional 17,825 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Capital One Financial by 4.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,174 shares of the financial services provider's stock valued at $8,234,000 after buying an additional 2,006 shares during the period. Geode Capital Management LLC increased its position in shares of Capital One Financial by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider's stock valued at $1,467,393,000 after buying an additional 207,427 shares in the last quarter. Artemis Investment Management LLP bought a new position in Capital One Financial during the fourth quarter worth about $46,915,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Capital One Financial by 9.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 250,696 shares of the financial services provider's stock worth $44,704,000 after acquiring an additional 22,063 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Stock Up 1.7 %

Shares of NYSE:COF traded up $2.71 during mid-day trading on Friday, hitting $162.77. 2,338,807 shares of the company traded hands, compared to its average volume of 3,056,738. The stock has a market cap of $62.09 billion, a P/E ratio of 14.04, a P/E/G ratio of 1.19 and a beta of 1.24. The stock has a 50-day moving average price of $178.17 and a two-hundred day moving average price of $179.39. Capital One Financial Co. has a 12-month low of $128.23 and a 12-month high of $210.67. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

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 company had revenue of $10.19 billion for the quarter, compared to analyst estimates 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 was up 7.2% on a year-over-year basis. During the same period last year, the firm earned $2.81 earnings per share. On average, equities research analysts forecast 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 given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.47%. The ex-dividend date was Tuesday, February 18th. Capital One Financial's dividend payout ratio is 20.71%.

Wall Street Analysts Forecast Growth

COF has been the topic of several recent research reports. HSBC raised Capital One Financial from a "reduce" rating to a "hold" rating and set a $176.00 price target on the stock in a research note on Tuesday, January 14th. Truist Financial reduced 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 note on Friday, March 21st. Royal Bank of Canada set a $190.00 price target on Capital One Financial and gave the company a "sector perform" rating in a research report on Monday. Citigroup lowered their target price on shares of Capital One Financial from $245.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Finally, JPMorgan Chase & Co. cut their target price on shares of Capital One Financial from $198.00 to $170.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Capital One Financial has a consensus rating of "Moderate Buy" and an average 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.