Capital One Financial Co. (NYSE:COF) Shares Bought by Peloton Wealth Strategists

Peloton Wealth Strategists increased its stake in Capital One Financial Co. (NYSE:COF) by 104.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 10,625 shares of the financial services provider’s stock after buying an additional 5,430 shares during the period. Peloton Wealth Strategists’ holdings in Capital One Financial were worth $1,895,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of COF. FMR LLC grew its holdings in shares of Capital One Financial by 21.4% in the 3rd quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock worth $994,350,000 after acquiring an additional 1,169,395 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Capital One Financial in the 4th quarter worth $130,683,000. Wellington Management Group LLP grew its holdings in shares of Capital One Financial by 268.7% in the 3rd quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock worth $146,052,000 after acquiring an additional 710,881 shares during the last quarter. Southpoint Capital Advisors LP acquired a new position in shares of Capital One Financial in the 3rd quarter worth $104,811,000. Finally, KBC Group NV grew its holdings in shares of Capital One Financial by 282.2% in the 4th quarter. KBC Group NV now owns 623,470 shares of the financial services provider’s stock worth $111,177,000 after acquiring an additional 460,339 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

COF has been the topic of a number of recent research reports. UBS Group upgraded Capital One Financial from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $168.00 to $235.00 in a report on Monday, January 13th. Wells Fargo & Company raised their target price on Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. The Goldman Sachs Group raised their target price on Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Bank of America raised Capital One Financial from a “neutral” rating to a “buy” rating and raised their target price for the stock from $207.00 to $235.00 in a research report on Wednesday, February 19th. Finally, Hsbc Global Res raised Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Seven investment 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 company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $202.27.

Capital One Financial Stock Performance

Shares of NYSE COF opened at $197.00 on Friday. The business’s 50-day moving average price is $192.88 and its two-hundred day moving average price is $172.23. 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. The company has a market capitalization of $75.12 billion, a P/E ratio of 17.00, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47.

Capital One Financial (NYSE:COF) last issued 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. The firm had revenue of $10.19 billion for the quarter, compared to the consensus estimate of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.81 earnings per share. Analysts anticipate that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.40 annualized dividend and a dividend yield of 1.22%. Capital One Financial’s dividend payout ratio (DPR) is presently 20.71%.

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.