Mercer Global Advisors Inc. ADV boosted its stake in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 3.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,244 shares of the financial services provider's stock after acquiring an additional 3,472 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Capital One Financial were worth $17,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Capital One Financial in the fourth quarter valued at $590,279,000. Lone Pine Capital LLC acquired a new position in Capital One Financial during the fourth quarter worth about $577,012,000. Egerton Capital UK LLP acquired a new stake in shares of Capital One Financial during the 4th quarter worth about $279,159,000. FMR LLC grew its position in Capital One Financial by 21.6% in the 4th quarter. FMR LLC now owns 8,077,886 shares of the financial services provider's stock valued at $1,440,449,000 after acquiring an additional 1,436,935 shares in the last quarter. Finally, Meritage Group LP purchased a new stake in shares of Capital One Financial during the fourth quarter worth approximately $227,662,000. Institutional investors own 89.84% of the company's stock.
Capital One Financial Stock Performance
COF traded up $4.90 during midday trading on Thursday, hitting $191.45. 1,857,631 shares of the company were exchanged, compared to its average volume of 3,182,701. The firm has a market capitalization of $73.04 billion, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 1.19 and a beta of 1.13. The company's 50 day simple moving average is $173.18 and its 200 day simple moving average is $181.88. 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 1-year low of $128.23 and a 1-year high of $210.67.
Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, beating analysts' consensus estimates of $3.75 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The company had revenue of $10 billion during the quarter, compared to analysts' expectations of $10.07 billion. As a group, sell-side analysts predict that Capital One Financial Co. will post 15.65 earnings per share for the current year.
Capital One Financial Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial's payout ratio is currently 20.15%.
Analysts Set New Price Targets
COF has been the subject of a number of recent analyst reports. UBS Group upgraded shares of 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 research report on Monday, January 13th. Wells Fargo & Company lifted their price target on Capital One Financial from $210.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Barclays upped their price objective on shares of Capital One Financial from $219.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. BTIG Research raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price target for the company in a research report on Tuesday, March 25th. Finally, Argus raised shares of Capital One Financial to a "strong-buy" rating in a research report on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $207.73.
View Our Latest Research Report on Capital One Financial
Capital One Financial Company Profile
(
Free Report)
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.
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