Candriam S.C.A. Purchases 4,248 Shares of Capital One Financial Co. (NYSE:COF)

Candriam S.C.A. lifted its position in Capital One Financial Co. (NYSE:COF) by 12.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 38,510 shares of the financial services provider’s stock after acquiring an additional 4,248 shares during the period. Candriam S.C.A.’s holdings in Capital One Financial were worth $6,867,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in COF. Bfsg LLC acquired a new stake in shares of Capital One Financial during the fourth quarter worth $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Capital One Financial in the fourth quarter valued at about $27,000. TruNorth Capital Management LLC bought a new stake in shares of Capital One Financial during the fourth quarter worth about $29,000. Decker Retirement Planning Inc. bought a new stake in shares of Capital One Financial during the fourth quarter worth about $32,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Capital One Financial during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Performance

NYSE COF opened at $173.00 on Friday. The stock has a market capitalization of $65.97 billion, a PE ratio of 14.93, a P/E/G ratio of 1.19 and a beta of 1.47. The business has a 50 day simple moving average of $193.50 and a two-hundred day simple moving average of $174.27. 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 1-year low of $128.23 and a 1-year high of $210.67.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. The firm 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 quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $2.81 EPS. On average, research analysts predict that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Tuesday, February 18th. Capital One Financial’s dividend payout ratio (DPR) is presently 20.71%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on COF. Hsbc Global Res raised shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Wells Fargo & Company raised their price objective on Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Bank of America upgraded Capital One Financial from a “neutral” rating to a “buy” rating and raised their price objective for the company from $207.00 to $235.00 in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods lifted their target price on Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, Truist Financial lifted their price objective on Capital One Financial from $229.00 to $257.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $202.27.

Capital One Financial Company 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.