CIBC Asset Management Inc Buys 2,484 Shares of Capital One Financial Co. (NYSE:COF)

CIBC Asset Management Inc lifted its stake in Capital One Financial Co. (NYSE:COF) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,138 shares of the financial services provider’s stock after buying an additional 2,484 shares during the period. CIBC Asset Management Inc’s holdings in Capital One Financial were worth $10,367,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Decker Retirement Planning Inc. bought a new stake in shares of Capital One Financial in the fourth quarter valued at approximately $32,000. Catalyst Capital Advisors LLC bought a new stake in Capital One Financial during the third quarter worth $36,000. Creative Financial Designs Inc. ADV lifted its stake in Capital One Financial by 135.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 166 shares during the last quarter. Eastern Bank bought a new stake in Capital One Financial during the third quarter worth $44,000. Finally, Prospera Private Wealth LLC bought a new stake in Capital One Financial during the third quarter worth $47,000. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Stock Performance

NYSE COF opened at $203.06 on Wednesday. The company has a market capitalization of $77.41 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 1.26 and a beta of 1.47. Capital One Financial Co. has a twelve month low of $128.23 and a twelve month high of $208.63. The stock has a fifty day simple moving average of $189.86 and a 200 day simple moving average of $168.99. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74.

Capital One Financial (NYSE:COF) last issued its quarterly 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. 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 during the quarter, compared to the consensus estimate of $10.22 billion. During the same period last year, the business posted $2.81 EPS. The business’s revenue was up 7.2% compared to the same quarter last year. Sell-side analysts expect that Capital One Financial Co. will post 15.41 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders 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 currently 20.71%.

Wall Street Analyst Weigh In

COF has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their target price on Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Royal Bank of Canada upped their target price on Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 22nd. Argus upgraded Capital One Financial to a “strong-buy” rating in a research note on Thursday, January 23rd. Barclays increased their price target on Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Truist Financial increased their price target on Capital One Financial from $229.00 to $257.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.31.

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.