Vanguard Group Inc. Grows Position in Capital One Financial Co. (NYSE:COF)

Vanguard Group Inc. boosted its stake in shares of Capital One Financial Co. (NYSE:COF) by 0.7% during the 4th quarter, Holdings Channel reports. The firm owned 31,744,818 shares of the financial services provider’s stock after acquiring an additional 234,863 shares during the quarter. Vanguard Group Inc. owned about 0.08% of Capital One Financial worth $5,660,736,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. grew its position 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 purchasing an additional 17,825 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in 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 worth $8,234,000 after purchasing an additional 2,006 shares during the last quarter. Dai ichi Life Insurance Company Ltd grew its position in Capital One Financial by 36.8% during the 3rd 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 last quarter. Artemis Investment Management LLP purchased a new stake in Capital One Financial during the 4th quarter worth approximately $46,915,000. Finally, Fisher Asset Management LLC grew its position in Capital One Financial by 0.7% during the 3rd quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider’s stock worth $1,451,527,000 after purchasing an additional 72,097 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on COF. JPMorgan Chase & Co. lifted their price objective on shares of Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a research note on Monday, December 9th. Royal Bank of Canada lifted their price objective on shares of Capital One Financial from $190.00 to $200.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 22nd. Hsbc Global Res upgraded shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Bank of America upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $207.00 to $235.00 in a research note on Wednesday, February 19th. Finally, Baird R W upgraded shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $203.87.

Capital One Financial Price Performance

Shares of NYSE COF opened at $174.79 on Monday. The firm has a market cap of $66.65 billion, a PE ratio of 15.08, a PEG ratio of 1.19 and a beta of 1.47. The firm has a fifty day moving average of $191.50 and a 200 day moving average of $176.54. 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 one year low of $128.23 and a one 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 EPS for the quarter, topping the consensus estimate of $2.78 by $0.31. The company 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 firm’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.81 EPS. As a group, research analysts predict that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

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

About Capital One Financial

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.