Capital One Financial Co. (NYSE:COF) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its holdings in Capital One Financial Co. (NYSE:COF) by 53.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 4,092 shares of the financial services provider’s stock after acquiring an additional 1,424 shares during the period. Farther Finance Advisors LLC’s holdings in Capital One Financial were worth $730,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in Capital One Financial by 4.3% in the 3rd quarter. Principal Financial Group Inc. now owns 430,654 shares of the financial services provider’s stock worth $64,482,000 after buying an additional 17,825 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Capital One Financial by 4.5% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,174 shares of the financial services provider’s stock worth $8,234,000 after acquiring an additional 2,006 shares during the last quarter. Dai ichi Life Insurance Company Ltd grew its holdings in Capital One Financial by 36.8% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 11,162 shares of the financial services provider’s stock valued at $1,671,000 after purchasing an additional 3,000 shares during the period. Artemis Investment Management LLP acquired a new position in Capital One Financial during the fourth quarter worth approximately $46,915,000. Finally, Fisher Asset Management LLC raised its stake in Capital One Financial by 0.7% during the third quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider’s stock worth $1,451,527,000 after purchasing an additional 72,097 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Shares of COF opened at $172.06 on Friday. Capital One Financial Co. has a 52-week low of $128.23 and a 52-week 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 market cap of $65.61 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 1.19 and a beta of 1.47. The business’s 50 day moving average is $192.37 and its two-hundred day moving average is $175.42.

Capital One Financial (NYSE:COF) last posted 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 firm had revenue of $10.19 billion for 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%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.81 EPS. Analysts forecast that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed 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 1.39%. The ex-dividend date was Tuesday, February 18th. Capital One Financial’s payout ratio is currently 20.71%.

Analyst Ratings Changes

COF has been the subject of a number of research analyst reports. UBS Group upgraded Capital One Financial from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $168.00 to $235.00 in a report on Monday, January 13th. Bank of America upgraded Capital One Financial from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $207.00 to $235.00 in a report on Wednesday, February 19th. Argus upgraded Capital One Financial to a “strong-buy” rating in a report on Thursday, January 23rd. Barclays boosted 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 note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a research note on Monday, December 9th. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $206.67.

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.