Beacon Pointe Advisors LLC boosted its stake in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 8.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,781 shares of the financial services provider's stock after purchasing an additional 2,839 shares during the period. Beacon Pointe Advisors LLC's holdings in Capital One Financial were worth $6,202,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Capital One Financial in the fourth quarter worth $590,279,000. Egerton Capital UK LLP purchased a new position in Capital One Financial in the fourth quarter valued at about $279,159,000. FMR LLC increased 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 worth $1,440,449,000 after purchasing an additional 1,436,935 shares during the last quarter. Meritage Group LP purchased a new stake in shares of Capital One Financial during the 4th quarter worth about $227,662,000. Finally, Invesco Ltd. lifted its holdings in shares of Capital One Financial by 38.7% during the 4th quarter. Invesco Ltd. now owns 4,117,444 shares of the financial services provider's stock valued at $734,223,000 after buying an additional 1,148,443 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.
Capital One Financial Price Performance
Shares of Capital One Financial stock opened at $182.94 on Wednesday. The firm has a market cap of $69.79 billion, a P/E ratio of 15.78, a price-to-earnings-growth ratio of 1.19 and a beta of 1.24. The firm's 50-day simple moving average is $174.76 and its 200-day simple moving average is $180.93. Capital One Financial Co. has a twelve month low of $128.23 and a twelve month high of $210.67. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98.
Capital One Financial (NYSE:COF - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.75 by $0.31. The business had revenue of $10 billion during the quarter, compared to analysts' expectations of $10.07 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. As a group, research analysts expect that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.
Capital One Financial Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.31%. The ex-dividend date was Tuesday, February 18th. Capital One Financial's dividend payout ratio is currently 20.15%.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the stock. Bank of America upgraded shares of Capital One Financial from a "neutral" rating to a "buy" rating and lifted their target price for the company from $207.00 to $235.00 in a research note on Wednesday, February 19th. Hsbc Global Res raised shares of Capital One Financial from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 14th. Wells Fargo & Company boosted their price target on Capital One Financial from $210.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Evercore ISI upgraded Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 price target on the stock in a report on Wednesday, March 12th. Finally, Barclays boosted their target price on shares of Capital One Financial from $219.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Capital One Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $207.73.
Read Our Latest Stock Report on COF
About Capital One Financial
(
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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