Main Street Research LLC Takes $203,000 Position in Capital One Financial Co. (NYSE:COF)

Main Street Research LLC bought a new position in Capital One Financial Co. (NYSE:COF) during the fourth quarter, Holdings Channel reports. The fund bought 1,137 shares of the financial services provider’s stock, valued at approximately $203,000.

A number of other institutional investors and hedge funds also recently modified their holdings of COF. State Street Corp raised its holdings in Capital One Financial by 0.5% during the 3rd quarter. State Street Corp now owns 16,506,861 shares of the financial services provider’s stock worth $2,471,572,000 after buying an additional 74,784 shares during the period. Franklin Resources Inc. raised its holdings in shares of Capital One Financial by 2.8% during the third quarter. Franklin Resources Inc. now owns 10,387,265 shares of the financial services provider’s stock valued at $1,649,488,000 after acquiring an additional 280,462 shares during the period. Fisher Asset Management LLC lifted its position in shares of Capital One Financial by 0.7% in the 3rd quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider’s stock valued at $1,451,527,000 after acquiring an additional 72,097 shares in the last quarter. Geode Capital Management LLC boosted its stake in Capital One Financial by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 8,020,160 shares of the financial services provider’s stock worth $1,198,664,000 after purchasing an additional 159,616 shares during the period. Finally, FMR LLC grew its position in Capital One Financial by 21.4% during the 3rd quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock worth $994,350,000 after purchasing an additional 1,169,395 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Trading Down 1.8 %

NYSE:COF opened at $173.00 on Monday. The company’s 50 day moving average is $193.50 and its 200-day moving average is $174.75. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. Capital One Financial Co. has a 12 month low of $128.23 and a 12 month high of $210.67. The firm has a market cap of $65.97 billion, a price-to-earnings ratio of 14.93, a P/E/G ratio of 1.19 and a beta of 1.47.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. The firm had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.81 EPS. Equities analysts anticipate that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Tuesday, February 18th. Capital One Financial’s payout ratio is presently 20.71%.

Analyst Ratings Changes

Several analysts have recently commented on the company. UBS Group raised Capital One Financial from a “neutral” rating to a “buy” rating and raised their target price for the stock from $168.00 to $235.00 in a research report on Monday, January 13th. Hsbc Global Res raised Capital One Financial from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Barclays increased their price target on shares of Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Argus raised shares of Capital One Financial to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods increased 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 investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $202.27.

Capital One Financial 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.