Vanguard Group Inc. Grows Stock Holdings in Capital One Financial Co. (NYSE:COF)

Vanguard Group Inc. boosted its holdings in shares of Capital One Financial Co. (NYSE:COF) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,744,818 shares of the financial services provider’s stock after purchasing an additional 234,863 shares during the quarter. Vanguard Group Inc. owned about 8.33% of Capital One Financial worth $5,660,736,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in COF. Egerton Capital UK LLP purchased a new stake in shares of Capital One Financial in the fourth quarter valued at $279,159,000. FMR LLC raised its stake in shares of Capital One Financial by 21.4% in the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock valued at $994,350,000 after acquiring an additional 1,169,395 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Capital One Financial in the fourth quarter valued at $130,683,000. Wellington Management Group LLP raised its stake in shares of Capital One Financial by 268.7% in the third quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock valued at $146,052,000 after acquiring an additional 710,881 shares during the period. Finally, Southpoint Capital Advisors LP purchased a new stake in shares of Capital One Financial in the third quarter valued at $104,811,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Up 0.2 %

Shares of Capital One Financial stock opened at $174.79 on Monday. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $210.67. The stock 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 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 50-day moving average is $191.50 and its two-hundred day moving average is $176.54.

Capital One Financial (NYSE:COF) last issued 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. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The firm had revenue of $10.19 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the previous year, the firm earned $2.81 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, 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 company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s payout ratio is currently 20.71%.

Analysts Set New Price Targets

COF has been the topic of several recent analyst reports. Argus raised shares of Capital One Financial to a “strong-buy” rating in a research note on Thursday, January 23rd. 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 report on Wednesday, January 22nd. 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 report on Monday, December 9th. Truist Financial cut 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 report on Friday. Finally, Bank of America upgraded shares of 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 report on Wednesday, February 19th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $203.87.

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.