iA Global Asset Management Inc. Makes New Investment in Capital One Financial Co. (NYSE:COF)

iA Global Asset Management Inc. 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 (SEC). The firm acquired 4,563 shares of the financial services provider’s stock, valued at approximately $814,000.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on COF. Hsbc Global Res upgraded shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Robert W. Baird upgraded shares of Capital One Financial from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $190.00 to $200.00 in a research report on Tuesday, March 11th. UBS Group upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $168.00 to $235.00 in a research report on Monday, January 13th. Argus upgraded shares of Capital One Financial to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada boosted their price target on shares of Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 22nd. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $203.87.

Capital One Financial Stock Up 0.2 %

Shares of COF opened at $174.79 on Friday. The firm has a market capitalization of $66.65 billion, a P/E ratio of 15.08, a P/E/G ratio of 1.19 and a beta of 1.47. 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. The firm has a fifty day moving average price of $191.50 and a 200-day moving average price of $176.31.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, beating 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 net margin of 9.46% and a return on equity of 9.45%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.81 earnings per share. Equities research analysts expect that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s dividend payout ratio is currently 20.71%.

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.