ING Groep NV Buys New Stake in Capital One Financial Co. (NYSE:COF)

ING Groep NV purchased a new position in shares of Capital One Financial Co. (NYSE:COF) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 17,243 shares of the financial services provider’s stock, valued at approximately $3,075,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bfsg LLC purchased a new stake in shares of Capital One Financial in the fourth quarter worth about $27,000. Decker Retirement Planning Inc. acquired a new position in Capital One Financial in the fourth quarter valued at approximately $32,000. Catalyst Capital Advisors LLC purchased a new stake in Capital One Financial in the 3rd quarter worth approximately $36,000. Creative Financial Designs Inc. ADV grew its stake in shares of Capital One Financial by 135.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 166 shares during the period. Finally, Eastern Bank acquired a new stake in shares of Capital One Financial during the 3rd quarter worth approximately $44,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Royal Bank of Canada increased their price target on shares of Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 22nd. Wells Fargo & Company increased their target price on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods lifted their price target on Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Barclays upped their price target on Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Finally, UBS Group raised Capital One Financial from a “neutral” rating to a “buy” rating and raised their price objective for the company from $168.00 to $235.00 in a report on Monday, January 13th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $198.50.

Capital One Financial Price Performance

Shares of NYSE COF opened at $200.38 on Friday. The firm has a 50-day simple moving average of $191.46 and a 200-day simple moving average of $170.73. 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 stock has a market capitalization of $76.39 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47. Capital One Financial Co. has a 52 week low of $128.23 and a 52 week high of $210.67.

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, beating analysts’ consensus estimates of $2.78 by $0.31. The company had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. Capital One Financial’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.81 EPS. On average, equities analysts predict 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 announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Tuesday, February 18th. Capital One Financial’s payout ratio is currently 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.