Avestar Capital LLC Increases Position in Capital One Financial Co. (NYSE:COF)

Avestar Capital LLC lifted its position in shares of Capital One Financial Co. (NYSE:COF) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,617 shares of the financial services provider’s stock after purchasing an additional 222 shares during the period. Avestar Capital LLC’s holdings in Capital One Financial were worth $1,358,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Decker Retirement Planning Inc. acquired a new stake in Capital One Financial in the fourth quarter valued at $32,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Capital One Financial during the 3rd quarter worth about $36,000. Creative Financial Designs Inc. ADV lifted its stake in Capital One Financial by 135.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 166 shares during the last quarter. Eastern Bank acquired a new position in Capital One Financial in the third quarter valued at approximately $44,000. Finally, Prospera Private Wealth LLC acquired a new position in Capital One Financial in the third quarter valued at approximately $47,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

COF has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Argus raised shares of Capital One Financial to a “strong-buy” rating in a research report on Thursday, January 23rd. Truist Financial upped their price objective on shares of Capital One Financial from $229.00 to $257.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Robert W. Baird lifted their target price on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, Hsbc Global Res raised Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $196.31.

Capital One Financial Stock Down 1.5 %

COF stock opened at $196.36 on Thursday. The stock has a market capitalization of $74.86 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 1.26 and a beta of 1.47. The company has a fifty day moving average of $188.99 and a 200-day moving average of $167.78. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. Capital One Financial Co. has a one year low of $128.23 and a one year high of $208.63.

Capital One Financial (NYSE:COF) last posted its quarterly 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 firm had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.22 billion. During the same period in the prior year, the company posted $2.81 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, analysts expect that Capital One Financial Co. will post 15.41 EPS for the current year.

Capital One Financial Announces Dividend

The firm 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. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.40 annualized dividend and a dividend yield of 1.22%. Capital One Financial’s dividend payout ratio is currently 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.