Capital One Financial Co. (NYSE:COF) Shares Purchased by First Fiduciary Investment Counsel Inc.

First Fiduciary Investment Counsel Inc. lifted its position in Capital One Financial Co. (NYSE:COF) by 47.7% in the fourth quarter, Holdings Channel reports. The firm owned 58,014 shares of the financial services provider’s stock after acquiring an additional 18,748 shares during the period. Capital One Financial accounts for approximately 2.1% of First Fiduciary Investment Counsel Inc.’s holdings, making the stock its 22nd biggest position. First Fiduciary Investment Counsel Inc.’s holdings in Capital One Financial were worth $10,345,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Summit Trail Advisors LLC raised its stake in Capital One Financial by 61.9% during the 4th quarter. Summit Trail Advisors LLC now owns 4,194 shares of the financial services provider’s stock valued at $748,000 after acquiring an additional 1,603 shares during the last quarter. Soltis Investment Advisors LLC raised its stake in Capital One Financial by 3.2% during the 4th quarter. Soltis Investment Advisors LLC now owns 4,462 shares of the financial services provider’s stock valued at $796,000 after acquiring an additional 138 shares during the last quarter. Opal Wealth Advisors LLC raised its stake in Capital One Financial by 6.5% during the 4th quarter. Opal Wealth Advisors LLC now owns 2,091 shares of the financial services provider’s stock valued at $373,000 after acquiring an additional 127 shares during the last quarter. Savant Capital LLC raised its stake in Capital One Financial by 10.9% during the 4th quarter. Savant Capital LLC now owns 8,768 shares of the financial services provider’s stock valued at $1,564,000 after acquiring an additional 860 shares during the last quarter. Finally, LJI Wealth Management LLC purchased a new stake in Capital One Financial during the 4th quarter valued at approximately $220,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $198.67 on Tuesday. The stock has a market cap of $75.74 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 1.26 and a beta of 1.47. Capital One Financial Co. has a 12 month low of $128.23 and a 12 month high of $208.63. The stock’s 50 day moving average price is $188.30 and its 200 day moving average price is $166.87. 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 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. 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 for the quarter, compared to analysts’ expectations of $10.22 billion. During the same period in the previous year, the company posted $2.81 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities research analysts anticipate that Capital One Financial Co. will post 15.41 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Tuesday, February 18th. Capital One Financial’s dividend payout ratio (DPR) is 20.71%.

Analyst Ratings Changes

Several analysts have commented on COF shares. Royal Bank of Canada upped their price objective on Capital One Financial from $190.00 to $200.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. increased their target price on Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday, December 9th. Truist Financial increased their target price on Capital One Financial from $229.00 to $257.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. HSBC raised Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 target price for the company in a research note on Tuesday, January 14th. Finally, Bank of America downgraded Capital One Financial from a “buy” rating to a “neutral” rating and cut their target price for the stock from $203.00 to $200.00 in a research note on Monday, December 9th. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and a consensus target price of $196.31.

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.