Capital One Financial Co. (NYSE:COF) Shares Bought by Summit Financial LLC

Summit Financial LLC lifted its position in shares of Capital One Financial Co. (NYSE:COF) by 12.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,670 shares of the financial services provider’s stock after purchasing an additional 508 shares during the period. Summit Financial LLC’s holdings in Capital One Financial were worth $833,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Intech Investment Management LLC purchased a new stake in Capital One Financial during the 3rd quarter worth $248,000. Benjamin Edwards Inc. boosted its position in shares of Capital One Financial by 309.3% in the third quarter. Benjamin Edwards Inc. now owns 6,929 shares of the financial services provider’s stock worth $1,038,000 after buying an additional 5,236 shares during the period. Investment Management Corp of Ontario grew its stake in shares of Capital One Financial by 46.2% in the third quarter. Investment Management Corp of Ontario now owns 12,653 shares of the financial services provider’s stock valued at $1,895,000 after buying an additional 4,000 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Capital One Financial by 26.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 612,147 shares of the financial services provider’s stock valued at $91,657,000 after buying an additional 128,812 shares during the period. Finally, Resurgent Financial Advisors LLC acquired a new position in Capital One Financial during the 3rd quarter worth approximately $233,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Stock Up 2.3 %

COF stock opened at $182.27 on Thursday. The firm has a fifty day moving average price of $189.78 and a two-hundred day moving average price of $178.52. 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 Co. has a 1-year low of $128.23 and a 1-year high of $210.67. The firm has a market cap of $69.53 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 1.19 and a beta of 1.24.

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 for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the prior year, the firm earned $2.81 EPS. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. Research analysts predict that Capital One Financial Co. will post 15.65 EPS 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 paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 1.32%. Capital One Financial’s payout ratio is currently 20.71%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. HSBC raised shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price objective for the company in a research report on Tuesday, January 14th. Royal Bank of Canada raised their price target on shares of Capital One Financial from $190.00 to $200.00 and gave the company a “sector perform” rating in a report on Wednesday, January 22nd. Bank of America upgraded 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 report on Wednesday, February 19th. UBS Group upgraded Capital One Financial from a “neutral” rating to a “buy” rating and raised their target price for the company from $168.00 to $235.00 in a research note on Monday, January 13th. Finally, Truist Financial cut their price target on Capital One Financial from $257.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $206.63.

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.