Elk River Wealth Management LLC Acquires Shares of 2,000 Capital One Financial Co. (NYSE:COF)

Elk River Wealth Management LLC acquired a new stake in shares of Capital One Financial Co. (NYSE:COF) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,000 shares of the financial services provider’s stock, valued at approximately $262,000.

Other hedge funds have also recently bought and sold shares of the company. West Tower Group LLC bought a new position in Capital One Financial during the 2nd quarter worth approximately $31,000. Bartlett & Co. LLC lifted its holdings in Capital One Financial by 726.7% during the 4th quarter. Bartlett & Co. LLC now owns 248 shares of the financial services provider’s stock worth $33,000 after buying an additional 218 shares during the last quarter. Resurgent Financial Advisors LLC bought a new position in Capital One Financial during the 4th quarter worth approximately $34,000. Sound Income Strategies LLC lifted its holdings in Capital One Financial by 109.4% during the 4th quarter. Sound Income Strategies LLC now owns 266 shares of the financial services provider’s stock worth $35,000 after buying an additional 139 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new position in Capital One Financial during the 2nd quarter worth approximately $37,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Capital One Financial in a report on Wednesday, January 10th. They set a “hold” rating and a $153.00 target price on the stock. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $159.00 price target on shares of Capital One Financial in a report on Wednesday. Royal Bank of Canada raised their price target on Capital One Financial from $142.00 to $150.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 21st. Evercore ISI reissued an “in-line” rating and issued a $142.00 price target (down previously from $160.00) on shares of Capital One Financial in a report on Thursday, February 22nd. Finally, BMO Capital Markets raised their price target on Capital One Financial from $124.00 to $125.00 and gave the stock a “market perform” rating in a report on Monday, January 29th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Capital One Financial currently has an average rating of “Hold” and a consensus price target of $130.90.

Capital One Financial Price Performance

Shares of NYSE COF traded up $2.28 during mid-day trading on Wednesday, reaching $143.11. The company had a trading volume of 1,579,829 shares, compared to its average volume of 2,764,543. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.85. The stock has a market cap of $54.44 billion, a PE ratio of 11.90, a P/E/G ratio of 1.21 and a beta of 1.47. The company has a 50-day moving average price of $135.74 and a two-hundred day moving average price of $118.66. Capital One Financial Co. has a 1-year low of $83.93 and a 1-year high of $143.99.

Capital One Financial (NYSE:COF) last issued its earnings results on Thursday, January 25th. The financial services provider reported $2.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.26). The company had revenue of $9.51 billion during the quarter, compared to analyst estimates of $9.45 billion. Capital One Financial had a return on equity of 9.24% and a net margin of 9.88%. On average, equities analysts anticipate that Capital One Financial Co. will post 13.82 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 12th were given a $0.60 dividend. The ex-dividend date was Friday, February 9th. This represents a $2.40 annualized dividend and a dividend yield of 1.68%. Capital One Financial’s dividend payout ratio (DPR) is presently 20.08%.

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.