Bayesian Capital Management LP Takes $4.92 Million Position in Capital One Financial Co. (NYSE:COF)

Bayesian Capital Management LP acquired a new position in Capital One Financial Co. (NYSE:COF) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 27,600 shares of the financial services provider’s stock, valued at approximately $4,922,000. Capital One Financial makes up about 0.6% of Bayesian Capital Management LP’s holdings, making the stock its 27th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bfsg LLC acquired a new stake in shares of Capital One Financial during the fourth quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Capital One Financial during the 4th quarter worth about $27,000. TruNorth Capital Management LLC purchased a new stake in shares of Capital One Financial during the fourth quarter worth about $29,000. Decker Retirement Planning Inc. acquired a new position in shares of Capital One Financial in the fourth quarter valued at approximately $32,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Capital One Financial during the fourth quarter valued at approximately $32,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Stock Performance

COF opened at $187.86 on Friday. Capital One Financial Co. has a 1-year low of $128.23 and a 1-year high of $210.67. The company has a market capitalization of $71.66 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 1.19 and a beta of 1.13. The business has a 50 day moving average price of $173.85 and a two-hundred day moving average price of $181.46. 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 issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, topping the consensus estimate of $3.75 by $0.31. The firm had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.07 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. Research analysts predict that Capital One Financial Co. will post 15.65 EPS for the current fiscal 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 issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s payout ratio is 20.15%.

Analysts Set New Price Targets

COF has been the topic of a number of recent analyst reports. Bank of America raised Capital One Financial from a “neutral” rating to a “buy” rating and increased their price target for the stock from $207.00 to $235.00 in a research note on Wednesday, February 19th. HSBC raised Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price target on the stock in a research note on Tuesday, January 14th. Barclays upped their price objective on Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Hsbc Global Res upgraded shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Citigroup reduced their price objective on Capital One Financial from $245.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and an average price target of $207.73.

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.