Northern Trust Corp Purchases 793,765 Shares of Capital One Financial Co. (NYSE:COF)

Northern Trust Corp lifted its position in Capital One Financial Co. (NYSE:COF - Free Report) by 21.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,433,401 shares of the financial services provider's stock after buying an additional 793,765 shares during the period. Northern Trust Corp owned approximately 1.16% of Capital One Financial worth $790,564,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bfsg LLC purchased a new position in shares of Capital One Financial during the fourth quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Capital One Financial during the fourth quarter valued at $27,000. TruNorth Capital Management LLC acquired a new stake in Capital One Financial during the fourth quarter valued at $29,000. Decker Retirement Planning Inc. acquired a new stake in Capital One Financial during the fourth quarter valued at $32,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Capital One Financial during the fourth quarter valued at $32,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Price Performance

Shares of NYSE COF traded up $0.30 during midday trading on Thursday, reaching $180.56. 3,231,668 shares of the company traded hands, compared to its average volume of 3,151,680. The firm has a market cap of $68.88 billion, a PE ratio of 15.58, a PEG ratio of 1.19 and a beta of 1.24. The stock's 50-day simple moving average is $174.36 and its 200-day simple moving average is $180.92. Capital One Financial Co. has a 12 month low of $128.23 and a 12 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 quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.75 by $0.31. The company 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, equities analysts anticipate that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $0.60 dividend. 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 1.33%. Capital One Financial's dividend payout ratio is 20.15%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on COF shares. JPMorgan Chase & Co. reduced their price objective on Capital One Financial from $198.00 to $170.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. BTIG Research raised Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price objective for the company in a research report on Tuesday, March 25th. Citigroup reduced their price target on Capital One Financial from $245.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, March 24th. 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. Finally, HSBC raised 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. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $207.73.

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.