Horizon Investments LLC Raises Stake in Capital One Financial Co. (NYSE:COF)

Horizon Investments LLC increased its stake in shares of Capital One Financial Co. (NYSE:COF) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 15,177 shares of the financial services provider’s stock after buying an additional 228 shares during the period. Horizon Investments LLC’s holdings in Capital One Financial were worth $2,706,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bfsg LLC purchased a new stake in Capital One Financial during the 4th quarter worth about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Capital One Financial during the 4th quarter worth about $27,000. TruNorth Capital Management LLC purchased a new stake in Capital One Financial during the 4th quarter worth about $29,000. SBI Securities Co. Ltd. purchased a new stake in Capital One Financial during the 4th quarter worth about $32,000. Finally, Decker Retirement Planning Inc. purchased a new stake in Capital One Financial during the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Trading Up 2.2 %

Shares of COF stock opened at $168.89 on Wednesday. The stock has a market capitalization of $64.40 billion, a PE ratio of 14.57, a P/E/G ratio of 1.19 and a beta of 1.47. Capital One Financial Co. has a 1-year low of $128.23 and a 1-year high of $210.67. The business has a 50-day moving average of $191.75 and a 200 day moving average of $175.93. 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 earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.31. The company had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. Capital One Financial’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.81 EPS. As a group, sell-side analysts anticipate that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently disclosed 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 yield of 1.42%. The ex-dividend date was Tuesday, February 18th. Capital One Financial’s dividend payout ratio (DPR) is currently 20.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Keefe, Bruyette & Woods upped their target price on Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Truist Financial upped their target price on Capital One Financial from $229.00 to $257.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. upped their target price on Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday, December 9th. Evercore ISI upgraded Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 target price on the stock in a research note on Wednesday, March 12th. Finally, Robert W. Baird upgraded Capital One Financial from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $190.00 to $200.00 in a research note on Tuesday, March 11th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $206.67.

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.