Bank of New York Mellon Corp Buys 304,833 Shares of Capital One Financial Co. (NYSE:COF)

Bank of New York Mellon Corp lifted its position in Capital One Financial Co. (NYSE:COF) by 8.2% during the 4th quarter, Holdings Channel reports. The firm owned 4,010,648 shares of the financial services provider’s stock after buying an additional 304,833 shares during the quarter. Bank of New York Mellon Corp’s holdings in Capital One Financial were worth $715,179,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Bfsg LLC bought a new stake in Capital One Financial during the fourth quarter worth about $27,000. Decker Retirement Planning Inc. acquired a new position in shares of Capital One Financial in the 4th quarter worth approximately $32,000. Catalyst Capital Advisors LLC acquired a new position in shares of Capital One Financial in the 3rd quarter worth approximately $36,000. Sierra Ocean LLC bought a new stake in Capital One Financial during the 4th quarter worth approximately $48,000. Finally, FPC Investment Advisory Inc. acquired a new stake in Capital One Financial during the 4th quarter valued at $51,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Performance

COF stock opened at $193.94 on Wednesday. Capital One Financial Co. has a twelve month low of $128.23 and a twelve month high of $210.67. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. The company has a market cap of $73.96 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47. The business’s fifty day moving average is $192.01 and its 200-day moving average is $171.88.

Capital One Financial (NYSE:COF) last released its 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 firm had revenue of $10.19 billion for 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%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.81 earnings per share. Equities research analysts forecast that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Tuesday, February 18th. Capital One Financial’s payout ratio is 20.71%.

Analysts Set New Price Targets

A number of equities analysts have commented on COF shares. Truist Financial boosted their price objective on Capital One Financial from $229.00 to $257.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Bank of America upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and upped their price target for the stock from $207.00 to $235.00 in a research report on Wednesday, February 19th. Argus raised shares of Capital One Financial to a “strong-buy” rating in a report on Thursday, January 23rd. Evercore ISI boosted their target price on shares of Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company increased their price target 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. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Capital One Financial has an average rating of “Moderate Buy” and a consensus target price of $202.27.

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.