Strategic Financial Concepts LLC Buys Shares of 35,486 Capital One Financial Co. (NYSE:COF)

Strategic Financial Concepts LLC acquired a new stake in shares of Capital One Financial Co. (NYSE:COF) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 35,486 shares of the financial services provider’s stock, valued at approximately $6,328,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Decker Retirement Planning Inc. bought a new position in shares of Capital One Financial in the 4th quarter valued at about $32,000. Catalyst Capital Advisors LLC bought a new position in shares of Capital One Financial in the third quarter worth $36,000. Creative Financial Designs Inc. ADV raised its position in shares of Capital One Financial by 135.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock valued at $43,000 after buying an additional 166 shares in the last quarter. Eastern Bank acquired a new stake in shares of Capital One Financial in the 3rd quarter valued at $44,000. Finally, Prospera Private Wealth LLC acquired a new stake in Capital One Financial in the third quarter valued at about $47,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Price Performance

COF opened at $202.25 on Friday. The firm has a market capitalization of $77.10 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 1.26 and a beta of 1.47. The business’s 50-day moving average is $189.51 and its two-hundred day moving average is $168.35. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $208.63. 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) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 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 during the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter in the prior year, the company posted $2.81 earnings per share. Capital One Financial’s revenue for the quarter was up 7.2% compared to the same quarter last year. Research analysts anticipate that Capital One Financial Co. will post 15.41 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Tuesday, February 18th. Capital One Financial’s dividend payout ratio (DPR) is presently 20.71%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a research note on Monday, December 9th. Wells Fargo & Company increased their target price on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. 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 research report on Monday, January 13th. Truist Financial lifted their target price on Capital One Financial from $229.00 to $257.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Bank of America cut Capital One Financial from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $203.00 to $200.00 in a research report on Monday, December 9th. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and an average price target of $196.31.

About Capital One Financial

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.