Mitsubishi UFJ Asset Management Co. Ltd. Raises Holdings in Capital One Financial Co. (NYSE:COF)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Capital One Financial Co. (NYSE:COF) by 8.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 608,295 shares of the financial services provider’s stock after acquiring an additional 48,248 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Capital One Financial were worth $109,755,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in COF. Bfsg LLC bought a new position in Capital One Financial during the 4th quarter worth about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Capital One Financial in the 4th quarter worth approximately $27,000. TruNorth Capital Management LLC bought a new position in shares of Capital One Financial during the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. purchased a new position in Capital One Financial during the fourth quarter valued at approximately $32,000. Finally, Decker Retirement Planning Inc. bought a new position in Capital One Financial in the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

NYSE COF opened at $178.38 on Friday. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $210.67. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $68.02 billion, a P/E ratio of 15.39, a PEG ratio of 1.19 and a beta of 1.47. The stock has a 50-day simple moving average of $191.05 and a two-hundred day simple moving average of $177.15.

Capital One Financial (NYSE:COF) last released its quarterly earnings data 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 business had revenue of $10.19 billion for 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%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.81 EPS. On average, equities analysts forecast that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $0.60 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 1.35%. Capital One Financial’s payout ratio is 20.71%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Argus upgraded Capital One Financial to a “strong-buy” rating in a research note on Thursday, January 23rd. Barclays lifted their price objective on shares of Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Baird R W raised shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. Citigroup cut their price target on shares of Capital One Financial from $245.00 to $230.00 and set a “buy” rating on the stock in a report on Monday. Finally, HSBC upgraded Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price objective for the company in a report on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and a consensus price target of $206.63.

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.