Synovus Financial Corp increased its holdings in shares of Capital One Financial Corp. (NYSE:COF) by 4.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 53,976 shares of the financial services provider’s stock after purchasing an additional 2,401 shares during the period. Synovus Financial Corp’s holdings in Capital One Financial were worth $4,094,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Advisors Asset Management Inc. lifted its stake in shares of Capital One Financial by 4,033.3% in the 4th quarter. Advisors Asset Management Inc. now owns 496 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 484 shares during the period. Lavaca Capital LLC acquired a new position in shares of Capital One Financial in the 4th quarter valued at $40,000. Legacy Financial Advisors Inc. lifted its stake in shares of Capital One Financial by 159.5% in the 4th quarter. Legacy Financial Advisors Inc. now owns 680 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 418 shares during the period. Essex Savings Bank acquired a new position in shares of Capital One Financial in the 4th quarter valued at $53,000. Finally, Cornerstone Advisors Inc. lifted its stake in shares of Capital One Financial by 192.0% in the 3rd quarter. Cornerstone Advisors Inc. now owns 587 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 386 shares during the period. 87.88% of the stock is owned by institutional investors and hedge funds.
Capital One Financial stock traded up $0.32 during mid-day trading on Wednesday, hitting $82.52. 453,040 shares of the company’s stock were exchanged, compared to its average volume of 3,208,790. The company has a market capitalization of $38.64 billion, a PE ratio of 7.58, a PEG ratio of 0.89 and a beta of 1.26. Capital One Financial Corp. has a fifty-two week low of $69.90 and a fifty-two week high of $101.67. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 1.13.
Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.41 by ($0.54). Capital One Financial had a net margin of 18.58% and a return on equity of 11.05%. The firm had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same period in the prior year, the business earned $1.59 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. Analysts predict that Capital One Financial Corp. will post 11.11 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 22nd. Stockholders of record on Monday, February 11th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Friday, February 8th. Capital One Financial’s payout ratio is 14.71%.
A number of research analysts have recently weighed in on the company. Citigroup cut their price target on Capital One Financial from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, November 1st. Zacks Investment Research raised Capital One Financial from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a research note on Friday, October 26th. Oppenheimer reissued a “market perform” rating on shares of Capital One Financial in a research note on Wednesday, January 23rd. Nomura cut their price target on Capital One Financial to $90.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 23rd. Finally, Wells Fargo & Co dropped their price objective on Capital One Financial from $103.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, January 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. Capital One Financial presently has an average rating of “Hold” and an average price target of $104.31.
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Capital One Financial Profile
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
See Also: Certificate of Deposit (CD)
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