NEOS Investment Management LLC Raises Stake in Capital One Financial Co. (NYSE:COF)

NEOS Investment Management LLC raised its stake in shares of Capital One Financial Co. (NYSE:COF) by 30.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,265 shares of the financial services provider’s stock after buying an additional 4,974 shares during the quarter. NEOS Investment Management LLC’s holdings in Capital One Financial were worth $3,792,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bfsg LLC purchased a new position in Capital One Financial during the fourth quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Capital One Financial in the 4th quarter valued at $27,000. TruNorth Capital Management LLC purchased a new position in shares of Capital One Financial during the 4th quarter valued at $29,000. Decker Retirement Planning Inc. bought a new position in shares of Capital One Financial in the fourth quarter worth $32,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Capital One Financial in the fourth quarter worth $32,000. 89.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on COF shares. JPMorgan Chase & Co. boosted their price objective on Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, December 9th. Robert W. Baird upgraded shares of Capital One Financial from a “neutral” rating to an “outperform” rating and upped their price target for the company from $190.00 to $200.00 in a research report on Tuesday, March 11th. Citigroup cut their target price 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. UBS Group raised Capital One Financial from a “neutral” rating to a “buy” rating and raised their target price for the stock from $168.00 to $235.00 in a research note on Monday, January 13th. Finally, Royal Bank of Canada boosted 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 report on Wednesday, January 22nd. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $206.63.

Capital One Financial Price Performance

Shares of COF opened at $178.38 on Friday. The company has a market capitalization of $68.02 billion, a P/E ratio of 15.39, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47. Capital One Financial Co. has a twelve month low of $128.23 and a twelve month high of $210.67. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm has a 50 day moving average of $191.05 and a 200 day moving average of $177.15.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The firm had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter in the previous year, the business earned $2.81 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis. As a group, equities research analysts anticipate that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.35%. 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.