Illinois Municipal Retirement Fund Boosts Stock Holdings in Capital One Financial Co. (NYSE:COF)

Illinois Municipal Retirement Fund increased its position in shares of Capital One Financial Co. (NYSE:COF) by 22.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,645 shares of the financial services provider’s stock after purchasing an additional 13,131 shares during the period. Illinois Municipal Retirement Fund’s holdings in Capital One Financial were worth $12,954,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in COF. Bfsg LLC purchased a new position in Capital One Financial during the fourth quarter worth about $27,000. TruNorth Capital Management LLC purchased a new position in Capital One Financial during the fourth quarter worth about $29,000. Decker Retirement Planning Inc. purchased a new position in Capital One Financial during the fourth quarter worth about $32,000. Catalyst Capital Advisors LLC purchased a new position in Capital One Financial during the third quarter worth about $36,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in Capital One Financial by 135.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 166 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on COF shares. JPMorgan Chase & Co. increased 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 upped their target price on shares of Capital One Financial from $229.00 to $257.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. UBS Group upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and upped their target price for the stock from $168.00 to $235.00 in a research report on Monday, January 13th. The Goldman Sachs Group upped their target price on shares of Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Capital One Financial has a consensus rating of “Moderate Buy” and a consensus target price of $202.27.

Capital One Financial Stock Down 3.0 %

COF stock opened at $193.94 on Wednesday. Capital One Financial Co. has a 12 month low of $128.23 and a 12 month high of $210.67. The company’s 50 day simple moving average is $192.01 and its 200-day simple moving average is $171.88. The firm has a market capitalization of $73.96 billion, a PE ratio of 16.73, a P/E/G 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.

Capital One Financial (NYSE:COF) last announced its earnings results 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 analyst estimates of $10.22 billion. During the same quarter last year, the business earned $2.81 earnings per share. Capital One Financial’s revenue was up 7.2% compared to the same quarter last year. Equities analysts expect that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a dividend of $0.60 per share. The ex-dividend date is Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 1.24%. Capital One Financial’s dividend payout ratio (DPR) is currently 20.71%.

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.