Spectrum Financial Alliance Ltd LLC Raises Stock Holdings in Capital One Financial Co. (NYSE:COF)

Spectrum Financial Alliance Ltd LLC boosted its position in Capital One Financial Co. (NYSE:COF) by 13.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,827 shares of the financial services provider’s stock after buying an additional 210 shares during the quarter. Capital One Financial makes up about 0.1% of Spectrum Financial Alliance Ltd LLC’s investment portfolio, making the stock its 14th biggest holding. Spectrum Financial Alliance Ltd LLC’s holdings in Capital One Financial were worth $326,000 at the end of the most recent reporting period.

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

Capital One Financial Price Performance

NYSE COF opened at $200.38 on Friday. The firm has a market cap of $76.39 billion, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47. The stock’s 50-day moving average is $191.46 and its two-hundred day moving average is $170.73. 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.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $10.22 billion. During the same period in the previous year, the company earned $2.81 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts anticipate that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Tuesday, February 18th. Capital One Financial’s dividend payout ratio is 20.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on COF shares. Barclays lifted their price objective on shares of Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Wells Fargo & Company upped their price target on Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. lifted their target price on Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, December 9th. Evercore ISI lifted their price target on Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Finally, Truist Financial raised their target price on shares of Capital One Financial from $229.00 to $257.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Capital One Financial presently has a consensus rating of “Moderate Buy” and an average price target of $198.50.

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.