Centricity Wealth Management LLC Acquires Shares of 348 Capital One Financial Co. (NYSE:COF)

Centricity Wealth Management LLC bought a new position in Capital One Financial Co. (NYSE:COF) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 348 shares of the financial services provider’s stock, valued at approximately $62,000.

Several other hedge funds and other institutional investors also recently modified their holdings of COF. Asset Management One Co. Ltd. grew its stake in Capital One Financial by 5.3% in the third quarter. Asset Management One Co. Ltd. now owns 146,769 shares of the financial services provider’s stock worth $21,976,000 after purchasing an additional 7,331 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Capital One Financial by 4.3% in the 3rd quarter. Principal Financial Group Inc. now owns 430,654 shares of the financial services provider’s stock worth $64,482,000 after acquiring an additional 17,825 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Capital One Financial by 4.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,174 shares of the financial services provider’s stock valued at $8,234,000 after acquiring an additional 2,006 shares during the last quarter. Catalina Capital Group LLC raised its position in shares of Capital One Financial by 8.1% during the 3rd quarter. Catalina Capital Group LLC now owns 1,609 shares of the financial services provider’s stock valued at $241,000 after acquiring an additional 121 shares in the last quarter. Finally, CWA Asset Management Group LLC bought a new position in Capital One Financial during the third quarter worth $1,649,000. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Trading Down 2.4 %

NYSE:COF opened at $200.38 on Friday. The stock has a market cap of $76.39 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 1.21 and a beta of 1.47. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $210.67. 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 stock’s 50-day moving average is $191.46 and its two-hundred day moving average is $170.48.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, beating 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 period in the previous year, the firm posted $2.81 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. As a group, equities research analysts forecast 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 will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.40 annualized dividend and a dividend yield of 1.20%. Capital One Financial’s dividend payout ratio is 20.71%.

Wall Street Analysts Forecast Growth

COF has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their target price on shares of Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Royal Bank of Canada boosted their price objective on shares of Capital One Financial from $190.00 to $200.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 22nd. Bank of America upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $207.00 to $235.00 in a research note on Wednesday. Robert W. Baird lifted their target price on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company increased their price target on Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Eight equities 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 company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $198.50.

About Capital One Financial

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.