1,290 Shares in Capital One Financial Co. (NYSE:COF) Bought by Advisors Capital Management LLC

Advisors Capital Management LLC purchased a new stake in shares of Capital One Financial Co. (NYSE:COF) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 1,290 shares of the financial services provider’s stock, valued at approximately $230,000.

Other hedge funds also recently bought and sold shares of the company. Sagespring Wealth Partners LLC bought a new position in Capital One Financial in the 4th quarter worth approximately $617,000. Townsquare Capital LLC grew its stake in shares of Capital One Financial by 10.1% in the fourth quarter. Townsquare Capital LLC now owns 18,394 shares of the financial services provider’s stock worth $3,280,000 after acquiring an additional 1,690 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in Capital One Financial by 86.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 197,286 shares of the financial services provider’s stock worth $35,171,000 after acquiring an additional 91,610 shares during the period. Heritage Trust Co acquired a new position in Capital One Financial during the 4th quarter valued at $3,633,000. Finally, Treasurer of the State of North Carolina boosted its holdings in Capital One Financial by 1.5% in the 4th quarter. Treasurer of the State of North Carolina now owns 229,443 shares of the financial services provider’s stock valued at $40,914,000 after purchasing an additional 3,355 shares during the period. 89.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on COF. Barclays boosted their price objective on shares of Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Citigroup lowered their price target on Capital One Financial from $245.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Bank of America upgraded Capital One Financial from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $207.00 to $235.00 in a research report on Wednesday, February 19th. Wells Fargo & Company boosted their price objective on Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Finally, BTIG Research upgraded Capital One Financial from a “neutral” rating to a “buy” rating and set a $208.00 target price for the company in a research note on Tuesday, March 25th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Capital One Financial has a consensus rating of “Moderate Buy” and a consensus price target of $206.73.

Capital One Financial Trading Up 0.6 %

Shares of Capital One Financial stock opened at $163.56 on Wednesday. Capital One Financial Co. has a 12-month low of $128.23 and a 12-month high of $210.67. The stock has a market capitalization of $62.39 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 1.19 and a beta of 1.24. The company has a 50-day simple moving average of $180.48 and a 200 day simple moving average of $179.33. 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 posted its quarterly earnings data 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 company had revenue of $10.19 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $2.81 earnings per share. Research analysts expect that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a $0.60 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 1.47%. Capital One Financial’s payout ratio is 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.