Raymond James Financial Inc. Takes Position in Capital One Financial Co. (NYSE:COF)

Raymond James Financial Inc. acquired a new stake in Capital One Financial Co. (NYSE:COF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 645,420 shares of the financial services provider’s stock, valued at approximately $115,091,000. Raymond James Financial Inc. owned approximately 0.17% of Capital One Financial as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COF. Principal Financial Group Inc. lifted its holdings in 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 valued at $64,482,000 after purchasing an additional 17,825 shares in the last quarter. Portside Wealth Group LLC purchased a new position in Capital One Financial in the 3rd quarter valued at $217,000. TFB Advisors LLC purchased a new position in Capital One Financial in the 3rd quarter valued at $214,000. Beckerman Institutional LLC purchased a new position in Capital One Financial in the 3rd quarter valued at $230,000. Finally, Equitable Trust Co. lifted its holdings in Capital One Financial by 20.0% in the 3rd quarter. Equitable Trust Co. now owns 5,771 shares of the financial services provider’s stock valued at $864,000 after purchasing an additional 961 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on COF. Truist Financial raised their price objective on Capital One Financial from $229.00 to $257.00 and gave the company a “buy” rating in a report on Monday, January 27th. The Goldman Sachs Group raised their target price on Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Hsbc Global Res raised Capital One Financial from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. raised their target price on Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday, December 9th. Finally, Argus raised Capital One Financial to a “strong-buy” rating in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $202.27.

Capital One Financial Stock Down 1.8 %

Shares of NYSE:COF opened at $173.00 on Friday. The business has a 50-day moving average price of $193.50 and a 200 day moving average price of $174.50. 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 capitalization of $65.97 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 1.19 and a beta of 1.47. 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 announced its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The company had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.22 billion. During the same period last year, the business posted $2.81 EPS. Capital One Financial’s revenue for the quarter was up 7.2% on a year-over-year basis. Sell-side analysts expect that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Tuesday, February 18th. Capital One Financial’s dividend payout ratio (DPR) 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.