Fmr LLC Has $1.44 Billion Holdings in Capital One Financial Co. (NYSE:COF)

Fmr LLC grew its position in shares of Capital One Financial Co. (NYSE:COF) by 21.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,077,886 shares of the financial services provider’s stock after purchasing an additional 1,436,935 shares during the quarter. Fmr LLC owned about 2.12% of Capital One Financial worth $1,440,449,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of COF. Principal Financial Group Inc. lifted its holdings in Capital One Financial by 4.3% in the third quarter. Principal Financial Group Inc. now owns 430,654 shares of the financial services provider’s stock valued at $64,482,000 after buying an additional 17,825 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Capital One Financial by 4.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,174 shares of the financial services provider’s stock valued at $8,234,000 after purchasing an additional 2,006 shares during the period. Artemis Investment Management LLP bought a new stake in shares of Capital One Financial during the 4th quarter valued at about $46,915,000. Geode Capital Management LLC grew its stake in Capital One Financial by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider’s stock worth $1,467,393,000 after purchasing an additional 207,427 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Capital One Financial by 9.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 250,696 shares of the financial services provider’s stock valued at $44,704,000 after buying an additional 22,063 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Down 8.4 %

COF opened at $150.19 on Monday. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $210.67. The firm has a market capitalization of $57.29 billion, a P/E ratio of 12.96, a PEG ratio of 1.19 and a beta of 1.24. The company’s 50-day moving average is $187.92 and its 200 day moving average is $178.95. 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 announced its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. The firm had revenue of $10.19 billion for 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 company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.81 EPS. Research analysts expect that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s dividend payout ratio is presently 20.71%.

Analyst Ratings Changes

COF has been the subject of several recent analyst reports. 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. JPMorgan Chase & Co. upped their price objective 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. Wells Fargo & Company raised their target price on Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Bank of America raised Capital One Financial from a “neutral” rating to a “buy” rating and upped their price target for the stock from $207.00 to $235.00 in a research note on Wednesday, February 19th. Finally, Argus upgraded Capital One Financial to a “strong-buy” rating in a report on Thursday, January 23rd. Four 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 stock presently has an average rating of “Moderate Buy” and a consensus target price of $207.80.

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.