Sovereign Investment Advisors LLC Invests $482,000 in Capital One Financial Co. (NYSE:COF)

Sovereign Investment Advisors LLC acquired a new position in shares of Capital One Financial Co. (NYSE:COF) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,703 shares of the financial services provider’s stock, valued at approximately $482,000.

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

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. UBS Group upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and upped their price target for the company from $168.00 to $235.00 in a research report on Monday, January 13th. Bank of America upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and upped their price target for the company from $207.00 to $235.00 in a research report on Wednesday, February 19th. Royal Bank of Canada upped their price target 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. HSBC upgraded shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price target for the company in a research report on Tuesday, January 14th. Finally, Truist Financial upped their price target on shares of Capital One Financial from $229.00 to $257.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $206.67.

Capital One Financial Stock Performance

NYSE:COF opened at $172.06 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $210.67. The stock has a market cap of $65.61 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47. The firm’s fifty day simple moving average is $192.37 and its 200-day simple moving average is $175.42.

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 analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $10.22 billion. During the same period in the prior year, the company posted $2.81 EPS. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. Analysts expect that Capital One Financial Co. will post 15.65 earnings per share 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. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.39%. Capital One Financial’s dividend payout ratio (DPR) 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.