Harbour Investments Inc. Increases Stock Position in Capital One Financial Co. (NYSE:COF)

Harbour Investments Inc. lifted its holdings in shares of Capital One Financial Co. (NYSE:COF) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,140 shares of the financial services provider’s stock after acquiring an additional 561 shares during the period. Harbour Investments Inc.’s holdings in Capital One Financial were worth $1,808,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Centurion Wealth Management LLC purchased a new position in shares of Capital One Financial during the fourth quarter worth approximately $237,000. Envestnet Portfolio Solutions Inc. grew its position in shares of Capital One Financial by 5.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 18,628 shares of the financial services provider’s stock worth $3,322,000 after acquiring an additional 981 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of Capital One Financial by 0.3% during the fourth quarter. Natixis Advisors LLC now owns 156,990 shares of the financial services provider’s stock worth $27,995,000 after purchasing an additional 398 shares during the period. Catalyst Funds Management Pty Ltd lifted its holdings in shares of Capital One Financial by 66.7% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 2,000 shares of the financial services provider’s stock worth $357,000 after purchasing an additional 800 shares during the period. Finally, Campbell Capital Management Inc. acquired a new stake in shares of Capital One Financial during the fourth quarter worth $1,070,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on COF shares. HSBC raised 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. Evercore ISI raised Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 price target for the company in a report on Wednesday, March 12th. Barclays increased their price target on Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. UBS Group raised Capital One Financial from a “neutral” rating to a “buy” rating and increased their price target for the stock from $168.00 to $235.00 in a report on Monday, January 13th. Finally, Baird R W raised Capital One Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $206.67.

Capital One Financial Trading Down 4.0 %

NYSE:COF opened at $165.06 on Tuesday. The company has a market capitalization of $62.94 billion, a PE ratio of 14.24, 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. The stock has a fifty day simple moving average of $192.01 and a 200-day simple moving average of $175.78.

Capital One Financial (NYSE:COF) last released 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. The business had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.81 EPS. On average, equities research analysts expect that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s dividend payout ratio (DPR) is presently 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.