Catalyst Capital Advisors LLC Increases Stake in Capital One Financial Co. (NYSE:COF)

Catalyst Capital Advisors LLC lifted its position in Capital One Financial Co. (NYSE:COF) by 51.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 363 shares of the financial services provider’s stock after purchasing an additional 123 shares during the period. Catalyst Capital Advisors LLC’s holdings in Capital One Financial were worth $65,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of COF. Creative Planning increased its stake in shares of Capital One Financial by 7.2% in the third quarter. Creative Planning now owns 52,492 shares of the financial services provider’s stock worth $7,860,000 after purchasing an additional 3,507 shares in the last quarter. Global Retirement Partners LLC increased its stake in shares of Capital One Financial by 5.1% in the third quarter. Global Retirement Partners LLC now owns 2,804 shares of the financial services provider’s stock worth $420,000 after purchasing an additional 136 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Capital One Financial by 105.6% in the third quarter. Blue Trust Inc. now owns 3,278 shares of the financial services provider’s stock worth $454,000 after purchasing an additional 1,684 shares in the last quarter. Waterway Wealth Management LLC purchased a new stake in shares of Capital One Financial in the third quarter worth $310,000. Finally, Foundations Investment Advisors LLC increased its stake in shares of Capital One Financial by 14.6% in the third quarter. Foundations Investment Advisors LLC now owns 2,024 shares of the financial services provider’s stock worth $303,000 after purchasing an additional 258 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Trading Up 0.4 %

Shares of NYSE COF opened at $203.06 on Wednesday. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $208.63. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $77.41 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 1.26 and a beta of 1.47. The business’s 50 day moving average price is $189.86 and its 200-day moving average price is $168.99.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. The business had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.81 earnings per share. On average, sell-side analysts expect that Capital One Financial Co. will post 15.41 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 1.18%. Capital One Financial’s payout ratio is 20.71%.

Wall Street Analysts Forecast Growth

COF has been the subject of a number of research reports. Barclays upped 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. JPMorgan Chase & Co. upped their target price on shares of Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. HSBC upgraded shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 target price for the company in a research report on Tuesday, January 14th. Truist Financial upped their target price on shares of Capital One Financial from $229.00 to $257.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Royal Bank of Canada upped their target price on shares of Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 22nd. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Capital One Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.31.

About Capital One Financial

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.