Capital One Financial Co. (NYSE:COF) Shares Purchased by Parallel Advisors LLC

Parallel Advisors LLC increased its position 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 SEC. The fund owned 7,037 shares of the financial services provider’s stock after acquiring an additional 392 shares during the quarter. Parallel Advisors LLC’s holdings in Capital One Financial were worth $1,255,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Egerton Capital UK LLP acquired a new position in shares of Capital One Financial in the 4th quarter valued at $279,159,000. FMR LLC boosted its holdings in shares of Capital One Financial by 21.4% in the 3rd quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock valued at $994,350,000 after purchasing an additional 1,169,395 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Capital One Financial in the 4th quarter valued at $130,683,000. Wellington Management Group LLP boosted its holdings in shares of Capital One Financial by 268.7% in the 3rd quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock valued at $146,052,000 after purchasing an additional 710,881 shares during the last quarter. Finally, Southpoint Capital Advisors LP acquired a new position in shares of Capital One Financial in the 3rd quarter valued at $104,811,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analysts Set New Price Targets

COF has been the topic of a number of research analyst reports. UBS Group upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and lifted their price target for the company from $168.00 to $235.00 in a report on Monday, January 13th. Bank of America raised 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 research note on Wednesday, February 19th. 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 research note on Monday, January 27th. HSBC raised shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 target price on the stock in a research note on Tuesday, January 14th. Finally, Argus raised shares of Capital One Financial to a “strong-buy” rating in a research note on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $206.67.

Capital One Financial Stock Performance

Capital One Financial stock opened at $168.89 on Wednesday. Capital One Financial Co. has a 12-month low of $128.23 and a 12-month high of $210.67. The company has a market capitalization of $64.40 billion, a price-to-earnings ratio of 14.57, 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 current ratio of 0.98 and a quick ratio of 0.98. The firm’s fifty day moving average price is $191.75 and its 200 day moving average price is $175.93.

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

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Tuesday, February 18th. Capital One Financial’s 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.