NFJ Investment Group LLC Has $11.60 Million Stake in Capital One Financial Co. (NYSE:COF)

NFJ Investment Group LLC reduced its holdings in Capital One Financial Co. (NYSE:COF) by 16.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 65,059 shares of the financial services provider’s stock after selling 12,469 shares during the period. NFJ Investment Group LLC’s holdings in Capital One Financial were worth $11,601,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of COF. Norges Bank bought a new stake in Capital One Financial during the fourth quarter worth about $590,279,000. Egerton Capital UK LLP acquired a new stake in shares of Capital One Financial in the 4th quarter valued at approximately $279,159,000. FMR LLC grew its stake in shares of Capital One Financial by 21.6% in the fourth quarter. FMR LLC now owns 8,077,886 shares of the financial services provider’s stock valued at $1,440,449,000 after buying an additional 1,436,935 shares in the last quarter. Invesco Ltd. increased its holdings in Capital One Financial by 38.7% during the fourth quarter. Invesco Ltd. now owns 4,117,444 shares of the financial services provider’s stock worth $734,223,000 after buying an additional 1,148,443 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Capital One Financial during the fourth quarter worth $130,683,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on COF. Robert W. Baird upgraded Capital One Financial from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $190.00 to $200.00 in a research note on Tuesday, March 11th. JPMorgan Chase & Co. decreased their target price on shares of Capital One Financial from $198.00 to $170.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Truist Financial dropped their price objective on Capital One Financial from $257.00 to $215.00 and set a “buy” rating for the company in a report on Friday, March 21st. BTIG Research raised Capital One Financial from a “neutral” rating to a “buy” rating and set a $208.00 target price on the stock in a report on Tuesday, March 25th. Finally, Citigroup dropped their price target on Capital One Financial from $245.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $206.73.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $163.56 on Wednesday. The company’s 50 day moving average price is $180.48 and its two-hundred day moving average price is $179.33. The firm has a market capitalization of $62.39 billion, a P/E ratio of 14.11, a P/E/G ratio of 1.19 and a beta of 1.24. 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 Co. has a fifty-two week low of $128.23 and a fifty-two week high of $210.67.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results 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 return on equity of 9.45% and a net margin of 9.46%. The firm had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same period last year, the firm posted $2.81 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities analysts forecast that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s dividend payout ratio (DPR) is currently 20.71%.

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.