Mizuho Securities USA LLC Boosts Stock Position in Capital One Financial Co. (NYSE:COF)

Mizuho Securities USA LLC lifted its stake in shares of Capital One Financial Co. (NYSE:COF) by 46.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,158 shares of the financial services provider’s stock after purchasing an additional 11,397 shares during the quarter. Mizuho Securities USA LLC’s holdings in Capital One Financial were worth $6,448,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in COF. Principal Financial Group Inc. increased its holdings in Capital One Financial by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 430,654 shares of the financial services provider’s stock worth $64,482,000 after acquiring an additional 17,825 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Capital One Financial by 4.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,174 shares of the financial services provider’s stock valued at $8,234,000 after purchasing an additional 2,006 shares in the last quarter. Dai ichi Life Insurance Company Ltd increased its holdings in shares of Capital One Financial by 36.8% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 11,162 shares of the financial services provider’s stock worth $1,671,000 after purchasing an additional 3,000 shares during the period. Artemis Investment Management LLP purchased a new stake in shares of Capital One Financial in the fourth quarter worth $46,915,000. Finally, Fisher Asset Management LLC boosted its stake in Capital One Financial by 0.7% during the third quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider’s stock valued at $1,451,527,000 after buying an additional 72,097 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analysts Set New Price Targets

COF has been the topic of several recent analyst reports. Bank of America raised Capital One Financial from a “neutral” rating to a “buy” rating and raised their price target for the company from $207.00 to $235.00 in a report on Wednesday, February 19th. Baird R W upgraded shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. Hsbc Global Res raised shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 14th. Evercore ISI raised shares of Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 price objective for the company in a report on Wednesday, March 12th. Finally, Wells Fargo & Company increased their target price 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. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $203.87.

Capital One Financial Stock Performance

NYSE:COF opened at $174.79 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $210.67. The firm has a market cap of $66.65 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47. The business has a 50 day moving average price of $191.50 and a 200-day moving average price of $176.31.

Capital One Financial (NYSE:COF) last announced its quarterly 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. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The business 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 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities research analysts predict that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently declared 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 1.37%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s payout ratio is 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.