GeoWealth Management LLC Grows Stock Holdings in Capital One Financial Co. (NYSE:COF)

GeoWealth Management LLC grew its holdings in Capital One Financial Co. (NYSE:COF) by 78.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,728 shares of the financial services provider’s stock after acquiring an additional 1,201 shares during the period. GeoWealth Management LLC’s holdings in Capital One Financial were worth $486,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in COF. Norges Bank purchased a new stake in Capital One Financial during the 4th quarter valued at approximately $590,279,000. Egerton Capital UK LLP bought a new stake in Capital One Financial in the 4th quarter valued at $279,159,000. FMR LLC lifted its stake in Capital One Financial by 21.6% in the 4th quarter. FMR LLC now owns 8,077,886 shares of the financial services provider’s stock worth $1,440,449,000 after purchasing an additional 1,436,935 shares in the last quarter. Invesco Ltd. grew its position in shares of Capital One Financial by 38.7% during the fourth quarter. Invesco Ltd. now owns 4,117,444 shares of the financial services provider’s stock valued at $734,223,000 after purchasing an additional 1,148,443 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Capital One Financial by 376.1% in the fourth quarter. Marshall Wace LLP now owns 1,238,883 shares of the financial services provider’s stock worth $220,918,000 after purchasing an additional 978,670 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

COF has been the topic of a number of research reports. Evercore ISI raised Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 price objective on the stock in a research note on Wednesday, March 12th. Baird R W upgraded shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. Robert W. Baird upgraded shares of Capital One Financial from a “neutral” rating to an “outperform” rating and upped their target price for the company from $190.00 to $200.00 in a research report on Tuesday, March 11th. Hsbc Global Res upgraded Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lowered their price objective on Capital One Financial from $198.00 to $170.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Capital One Financial presently has a consensus rating of “Moderate Buy” and an average target price of $206.07.

Capital One Financial Price Performance

Capital One Financial stock opened at $165.52 on Tuesday. The stock has a market cap of $63.14 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 1.19 and a beta of 1.24. The firm has a 50-day moving average of $177.55 and a two-hundred day moving average of $179.95. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $210.67. 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 (NYSE:COF) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.31. The company had revenue of $10.19 billion for the quarter, compared to analysts’ expectations of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. Capital One Financial’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.81 earnings per share. On average, research analysts forecast that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 annualized dividend and a dividend yield of 1.45%. Capital One Financial’s dividend payout ratio is currently 20.71%.

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.