RWA Wealth Partners LLC Makes New Investment in Capital One Financial Co. (NYSE:COF)

RWA Wealth Partners LLC bought a new stake in shares of Capital One Financial Co. (NYSE:COF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,974 shares of the financial services provider’s stock, valued at approximately $887,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of COF. Principal Financial Group Inc. lifted its position in Capital One Financial by 4.3% during the third quarter. Principal Financial Group Inc. now owns 430,654 shares of the financial services provider’s stock valued at $64,482,000 after purchasing an additional 17,825 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Capital One Financial by 4.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,174 shares of the financial services provider’s stock valued at $8,234,000 after acquiring an additional 2,006 shares during the last quarter. Artemis Investment Management LLP bought a new stake in Capital One Financial during the fourth quarter worth approximately $46,915,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Capital One Financial by 9.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 250,696 shares of the financial services provider’s stock valued at $44,704,000 after purchasing an additional 22,063 shares during the period. Finally, Fifth Third Bancorp raised its position in Capital One Financial by 22.9% during the fourth quarter. Fifth Third Bancorp now owns 27,390 shares of the financial services provider’s stock valued at $4,884,000 after purchasing an additional 5,101 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on COF shares. 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 report on Wednesday, March 12th. UBS Group upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $168.00 to $235.00 in a research report on Monday, January 13th. Bank of America raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $207.00 to $235.00 in a research note on Wednesday, February 19th. Royal Bank of Canada increased their price objective 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. Finally, Hsbc Global Res upgraded Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $206.63.

Capital One Financial Stock Up 3.5 %

NYSE:COF opened at $179.59 on Tuesday. 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 1-year low of $128.23 and a 1-year high of $210.67. The company has a 50-day moving average of $190.47 and a 200 day moving average of $178.22. The firm has a market cap of $68.48 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.31. The firm had revenue of $10.19 billion during 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 company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.81 EPS. As a group, research analysts anticipate that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 1.34%. Capital One Financial’s dividend payout ratio (DPR) is presently 20.71%.

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.