LTS One Management LP purchased a new stake in shares of Capital One Financial Co. (NYSE:COF - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 155,000 shares of the financial services provider's stock, valued at approximately $27,640,000. Capital One Financial comprises about 7.7% of LTS One Management LP's portfolio, making the stock its 2nd biggest holding.
A number of other large investors have also recently bought and sold shares of COF. Norges Bank acquired a new position in Capital One Financial during the fourth quarter worth $590,279,000. Egerton Capital UK LLP acquired a new position in Capital One Financial during the 4th quarter valued at about $279,159,000. FMR LLC increased its holdings in Capital One Financial by 21.6% during 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 in the last quarter. Invesco Ltd. lifted its holdings in shares of Capital One Financial by 38.7% in the fourth quarter. Invesco Ltd. now owns 4,117,444 shares of the financial services provider's stock valued at $734,223,000 after purchasing an additional 1,148,443 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Capital One Financial during the fourth quarter valued at approximately $130,683,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages recently commented on COF. JPMorgan Chase & Co. decreased their price target 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. Evercore ISI raised shares of 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. HSBC raised shares of Capital One Financial from a "reduce" rating to a "hold" rating and set a $176.00 price objective on the stock in a research report on Tuesday, January 14th. Wells Fargo & Company lifted their price target on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 3rd. Finally, Royal Bank of Canada set a $190.00 target price on Capital One Financial and gave the company a "sector perform" rating in a research note on Monday. Four 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 company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $206.07.
Check Out Our Latest Analysis on Capital One Financial
Capital One Financial Trading Up 1.7 %
Capital One Financial stock traded up $2.71 during trading hours on Friday, reaching $162.77. The company had a trading volume of 2,338,807 shares, compared to its average volume of 3,056,738. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. Capital One Financial Co. has a 12-month low of $128.23 and a 12-month high of $210.67. The firm has a market cap of $62.09 billion, a price-to-earnings ratio of 14.04, a P/E/G ratio of 1.19 and a beta of 1.24. The company has a 50-day moving average price of $178.17 and a 200 day moving average price of $179.39.
Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.78 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The firm had revenue of $10.19 billion for the quarter, compared to analysts' expectations of $10.22 billion. During the same quarter in the previous year, the company earned $2.81 earnings per share. The company's revenue for the quarter was up 7.2% compared to the same quarter last year. Equities analysts forecast that Capital One Financial Co. will post 15.65 earnings per share for the current year.
Capital One Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 annualized dividend and a dividend yield of 1.47%. Capital One Financial's dividend payout ratio (DPR) is presently 20.71%.
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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