iA Global Asset Management Inc. Invests $814,000 in Capital One Financial Co. (NYSE:COF)

iA Global Asset Management Inc. bought a new position in Capital One Financial Co. (NYSE:COF) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,563 shares of the financial services provider’s stock, valued at approximately $814,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. grew its position in shares of Capital One Financial by 4.3% in the 3rd quarter. Principal Financial Group Inc. now owns 430,654 shares of the financial services provider’s stock worth $64,482,000 after buying an additional 17,825 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position 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 worth $8,234,000 after buying an additional 2,006 shares during the period. Dai ichi Life Insurance Company Ltd grew its position in shares of Capital One Financial by 36.8% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 11,162 shares of the financial services provider’s stock worth $1,671,000 after buying an additional 3,000 shares during the period. Artemis Investment Management LLP bought a new position in Capital One Financial in the 4th quarter worth about $46,915,000. Finally, Fisher Asset Management LLC boosted its stake in Capital One Financial by 0.7% in the 3rd quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider’s stock worth $1,451,527,000 after purchasing an additional 72,097 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

COF has been the topic of a number of analyst reports. Evercore ISI upgraded shares of Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 price target on the stock in a research note on Wednesday, March 12th. JPMorgan Chase & Co. upped their price target on shares of 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 dropped their price target on shares of Capital One Financial from $257.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday. Keefe, Bruyette & Woods upped their price target on shares of Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, Barclays upped their price target on shares of Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $203.87.

Capital One Financial Stock Performance

COF opened at $174.79 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The company has a market cap of $66.65 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 1.19 and a beta of 1.47. The company’s 50 day moving average is $191.50 and its 200 day moving average is $176.31. Capital One Financial Co. has a 12-month low of $128.23 and a 12-month high of $210.67.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. The company had revenue of $10.19 billion for 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 firm’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.81 earnings per share. On average, equities research analysts predict that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s payout ratio is 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.