Fmr LLC Grows Stock Position in Capital One Financial Co. (NYSE:COF)

Fmr LLC grew its position in shares of Capital One Financial Co. (NYSE:COF) by 21.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,077,886 shares of the financial services provider’s stock after purchasing an additional 1,436,935 shares during the quarter. Fmr LLC’s holdings in Capital One Financial were worth $1,440,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Bank of America raised Capital One Financial from a “neutral” rating to a “buy” rating and raised their price target for the stock from $207.00 to $235.00 in a report on Wednesday, February 19th. UBS Group upgraded 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. BTIG Research upgraded Capital One Financial from a “neutral” rating to a “buy” rating and set a $208.00 price target on the stock in a research report on Tuesday, March 25th. Robert W. Baird upgraded shares of Capital One Financial from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $190.00 to $200.00 in a research report on Tuesday, March 11th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Four equities research 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.com, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average price target of $207.80.

Capital One Financial Price Performance

COF opened at $150.19 on Monday. The stock has a market capitalization of $57.29 billion, a P/E ratio of 12.96, a PEG ratio of 1.19 and a beta of 1.24. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. Capital One Financial Co. has a 12-month low of $128.23 and a 12-month high of $210.67. The stock has a 50-day moving average price of $187.92 and a 200-day moving average price of $178.95.

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, beating analysts’ consensus estimates of $2.78 by $0.31. The business had revenue of $10.19 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the business earned $2.81 earnings per share. Equities analysts predict that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s dividend payout ratio is presently 20.71%.

Capital One Financial 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.