International Assets Investment Management LLC increased its position in Capital One Financial Co. (NYSE:COF) by 5,375.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 76,378 shares of the financial services provider’s stock after purchasing an additional 74,983 shares during the period. International Assets Investment Management LLC’s holdings in Capital One Financial were worth $1,199,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC boosted its position in shares of Capital One Financial by 10.5% in the third quarter. Fisher Asset Management LLC now owns 8,675,853 shares of the financial services provider’s stock worth $799,653,000 after buying an additional 827,800 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Capital One Financial by 1.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,413,955 shares of the financial services provider’s stock worth $710,798,000 after acquiring an additional 95,770 shares in the last quarter. Pzena Investment Management LLC boosted its position in Capital One Financial by 10.6% during the 3rd quarter. Pzena Investment Management LLC now owns 5,355,282 shares of the financial services provider’s stock worth $493,596,000 after acquiring an additional 512,496 shares during the period. LSV Asset Management grew its stake in Capital One Financial by 0.8% during the 3rd quarter. LSV Asset Management now owns 2,760,186 shares of the financial services provider’s stock valued at $254,406,000 after acquiring an additional 22,500 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Capital One Financial by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,252,311 shares of the financial services provider’s stock valued at $295,706,000 after purchasing an additional 16,802 shares during the period. 88.30% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages recently commented on COF. JPMorgan Chase & Co. lowered their price objective on shares of Capital One Financial from $124.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 25th. Wells Fargo & Company lowered their price target on shares of Capital One Financial from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, March 31st. BMO Capital Markets cut their price objective on Capital One Financial from $152.00 to $141.00 and set an “outperform” rating for the company in a report on Wednesday, January 25th. Jefferies Financial Group downgraded Capital One Financial from a “buy” rating to a “hold” rating and lowered their target price for the company from $120.00 to $100.00 in a research note on Tuesday, January 10th. Finally, Barclays downgraded Capital One Financial from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $160.00 to $119.00 in a research note on Tuesday, January 3rd. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $120.23.
Capital One Financial Stock Up 0.3 %
Capital One Financial (NYSE:COF – Get Rating) last posted its quarterly earnings data on Tuesday, January 24th. The financial services provider reported $2.82 EPS for the quarter, missing analysts’ consensus estimates of $3.81 by ($0.99). Capital One Financial had a return on equity of 13.52% and a net margin of 19.18%. The business had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $9.07 billion. During the same quarter in the previous year, the firm posted $5.41 earnings per share. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. As a group, analysts forecast that Capital One Financial Co. will post 14.31 earnings per share for the current year.
Capital One Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 17th. Stockholders of record on Monday, February 6th were given a $0.60 dividend. The ex-dividend date was Friday, February 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.52%. Capital One Financial’s dividend payout ratio is 13.48%.
Capital One Financial Company Profile
Capital One Financial Corp. operates as a financial holding company. The firm engages in the provision of financial products and services. It operates through the following segments: Credit Card, Consumer Banking and Commercial Banking. The Credit Card segment includes domestic consumer and small business card lending, and international card lending businesses.
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