Treasurer of the State of North Carolina Has $40.91 Million Stock Position in Capital One Financial Co. (NYSE:COF)

Treasurer of the State of North Carolina grew its position in shares of Capital One Financial Co. (NYSE:COF) by 1.5% in the fourth quarter, HoldingsChannel reports. The fund owned 229,443 shares of the financial services provider’s stock after acquiring an additional 3,355 shares during the period. Treasurer of the State of North Carolina’s holdings in Capital One Financial were worth $40,914,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position 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 during the 4th quarter worth approximately $279,159,000. FMR LLC grew its holdings in shares of Capital One Financial by 21.6% during 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 during the last quarter. Invesco Ltd. raised its holdings in shares of Capital One Financial by 38.7% in the fourth quarter. Invesco Ltd. now owns 4,117,444 shares of the financial services provider’s stock valued at $734,223,000 after purchasing an additional 1,148,443 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Capital One Financial in the fourth quarter worth $130,683,000. Institutional investors own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Citigroup lowered their price objective on Capital One Financial from $245.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Barclays increased their price objective on Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Truist Financial cut their price objective on Capital One Financial from $257.00 to $215.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Royal Bank of Canada upped their price target on Capital One Financial from $190.00 to $200.00 and gave the company a “sector perform” rating in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company boosted their target price on shares of Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $206.73.

Capital One Financial Trading Up 15.1 %

COF opened at $175.41 on Thursday. 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 $66.92 billion, a P/E ratio of 15.13, a P/E/G ratio of 1.19 and a beta of 1.24. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The stock has a 50-day moving average of $183.73 and a 200 day moving average of $178.92.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. The company had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. Capital One Financial’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.81 earnings per share. As a group, research analysts forecast that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s dividend payout ratio is presently 20.71%.

Capital One Financial Company 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.