New York Life Investment Management LLC Has $10.11 Million Stock Holdings in Capital One Financial Co. (NYSE:COF)

New York Life Investment Management LLC raised its stake in Capital One Financial Co. (NYSE:COF) by 0.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 56,675 shares of the financial services provider’s stock after buying an additional 111 shares during the period. New York Life Investment Management LLC’s holdings in Capital One Financial were worth $10,106,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of COF. Bfsg LLC acquired a new stake in shares of Capital One Financial during the 4th quarter valued at $27,000. TruNorth Capital Management LLC bought a new position in Capital One Financial in the fourth quarter valued at about $29,000. Decker Retirement Planning Inc. acquired a new stake in shares of Capital One Financial during the fourth quarter valued at about $32,000. Catalyst Capital Advisors LLC bought a new stake in shares of Capital One Financial during the third quarter worth about $36,000. Finally, Sierra Ocean LLC acquired a new position in shares of Capital One Financial in the fourth quarter valued at approximately $48,000. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Shares of COF stock opened at $197.00 on Friday. The firm has a 50 day moving average of $192.88 and a 200-day moving average of $172.23. The company has a market cap of $75.12 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47. 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 52 week low of $128.23 and a 52 week high of $210.67.

Capital One Financial (NYSE:COF) last issued its earnings results 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. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The business had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same period in the prior year, the firm earned $2.81 earnings per share. Capital One Financial’s revenue was up 7.2% on a year-over-year basis. On average, equities 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 will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Tuesday, February 18th. Capital One Financial’s dividend payout ratio (DPR) is currently 20.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Hsbc Global Res upgraded shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Bank of America raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $207.00 to $235.00 in a research note on Wednesday, February 19th. Royal Bank of Canada raised their target price on 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. Barclays lifted their target price on Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods increased their price target on Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and a consensus price target of $202.27.

Capital One Financial Company 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.