QRG Capital Management Inc. Raises Stake in Capital One Financial Co. (NYSE:COF)

QRG Capital Management Inc. raised its position in shares of Capital One Financial Co. (NYSE:COF) by 5.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 131,667 shares of the financial services provider’s stock after purchasing an additional 6,400 shares during the period. QRG Capital Management Inc.’s holdings in Capital One Financial were worth $23,479,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. State Street Corp lifted its holdings in Capital One Financial by 0.5% during the third quarter. State Street Corp now owns 16,506,861 shares of the financial services provider’s stock valued at $2,471,572,000 after purchasing an additional 74,784 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Capital One Financial by 2.8% during the third quarter. Franklin Resources Inc. now owns 10,387,265 shares of the financial services provider’s stock valued at $1,649,488,000 after purchasing an additional 280,462 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Capital One Financial by 0.7% in the third quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider’s stock worth $1,451,527,000 after buying an additional 72,097 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Capital One Financial by 2.0% in the third quarter. Geode Capital Management LLC now owns 8,020,160 shares of the financial services provider’s stock worth $1,198,664,000 after buying an additional 159,616 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Capital One Financial by 21.4% in the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock worth $994,350,000 after buying an additional 1,169,395 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Trading Up 1.4 %

COF stock opened at $196.54 on Thursday. 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 Co. has a twelve month low of $128.23 and a twelve month high of $210.67. The stock has a market capitalization of $74.95 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47. The firm’s fifty day simple moving average is $192.45 and its two-hundred day simple moving average is $172.06.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. The firm had revenue of $10.19 billion for the quarter, compared to analysts’ expectations of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.81 earnings per share. As a group, analysts anticipate that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Tuesday, February 18th. Capital One Financial’s payout ratio is presently 20.71%.

Analyst Upgrades and Downgrades

COF has been the topic of several research analyst reports. Evercore ISI boosted their target price on shares of Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Truist Financial boosted their target price on shares of Capital One Financial from $229.00 to $257.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Bank of America raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $207.00 to $235.00 in a report on Wednesday, February 19th. Wells Fargo & Company boosted their target price 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, Keefe, Bruyette & Woods boosted their target price on shares of Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $202.27.

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.