Capital One Financial Co. (NYSE:COF) Shares Purchased by Modera Wealth Management LLC

Modera Wealth Management LLC increased its holdings in shares of Capital One Financial Co. (NYSE:COF) by 19.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,932 shares of the financial services provider’s stock after purchasing an additional 471 shares during the period. Modera Wealth Management LLC’s holdings in Capital One Financial were worth $523,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of COF. FMR LLC boosted its stake in Capital One Financial by 21.4% during the 3rd quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock worth $994,350,000 after purchasing an additional 1,169,395 shares during the period. International Assets Investment Management LLC purchased a new position in Capital One Financial during the 4th quarter worth $130,683,000. Wellington Management Group LLP raised its position in Capital One Financial by 268.7% during the 3rd quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock worth $146,052,000 after buying an additional 710,881 shares during the last quarter. Southpoint Capital Advisors LP purchased a new position in Capital One Financial during the 3rd quarter worth $104,811,000. Finally, KBC Group NV raised its position in Capital One Financial by 282.2% during the 4th quarter. KBC Group NV now owns 623,470 shares of the financial services provider’s stock worth $111,177,000 after buying an additional 460,339 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. HSBC upgraded shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price target for the company in a report on Tuesday, January 14th. Truist Financial raised their target price on shares of Capital One Financial from $229.00 to $257.00 and gave the company a “buy” rating in a report on Monday, January 27th. The Goldman Sachs Group raised their target price on shares of Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. raised their target price on shares of Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a report on Monday, December 9th. Finally, Bank of America upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and raised their target price for the company from $207.00 to $235.00 in a report on Wednesday, February 19th. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus price target of $202.27.

Capital One Financial Stock Performance

Shares of COF opened at $184.84 on Wednesday. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $210.67. The company has a market cap of $70.48 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a fifty day moving average of $193.69 and a 200-day moving average of $173.97.

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 (EPS) for the quarter, beating 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 company had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the previous year, the company posted $2.81 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, equities analysts anticipate that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s payout ratio is currently 20.71%.

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.