Sagespring Wealth Partners LLC Acquires New Holdings in Capital One Financial Co. (NYSE:COF)

Sagespring Wealth Partners LLC acquired a new stake in shares of Capital One Financial Co. (NYSE:COF - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,458 shares of the financial services provider's stock, valued at approximately $617,000.

Other hedge funds also recently made changes to their positions in the company. Bfsg LLC purchased a new position in Capital One Financial during the fourth quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Capital One Financial during the 4th quarter valued at $27,000. TruNorth Capital Management LLC bought a new stake in shares of Capital One Financial during the 4th quarter valued at $29,000. SBI Securities Co. Ltd. purchased a new position in shares of Capital One Financial during the 4th quarter valued at $32,000. Finally, Decker Retirement Planning Inc. bought a new position in Capital One Financial in the 4th quarter worth $32,000. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Price Performance

Shares of NYSE COF traded up $2.71 during mid-day trading on Friday, hitting $162.77. 2,338,807 shares of the company's stock traded hands, compared to its average volume of 3,058,849. The company has a market capitalization of $62.09 billion, a P/E ratio of 14.04, a PEG ratio of 1.19 and a beta of 1.24. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $210.67. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. The company's 50-day moving average is $178.17 and its two-hundred day moving average is $179.86.

Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The firm had revenue of $10.19 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the previous year, the company posted $2.81 EPS. The company's revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities analysts anticipate that Capital One Financial Co. will post 15.65 EPS for the current fiscal 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 given 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 20.71%.

Analysts Set New Price Targets

A number of research firms have 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 on the stock in a report on Tuesday, April 8th. Evercore ISI raised Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 target price on the stock in a research note on Wednesday, March 12th. Bank of America upgraded Capital One Financial from a "neutral" rating to a "buy" rating and upped their price target for the stock from $207.00 to $235.00 in a research note on Wednesday, February 19th. Hsbc Global Res upgraded shares of Capital One Financial from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 14th. Finally, Truist Financial dropped their target price on shares of Capital One Financial from $257.00 to $215.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Capital One Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $206.07.

Capital One Financial Company 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.