Allstate Corp Takes $2.02 Million Position in Capital One Financial Co. (NYSE:COF)

Allstate Corp bought a new stake in Capital One Financial Co. (NYSE:COF) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,325 shares of the financial services provider’s stock, valued at approximately $2,019,000.

Several other institutional investors also recently modified their holdings of the business. Norden Group LLC boosted its stake in Capital One Financial by 2.6% in the fourth quarter. Norden Group LLC now owns 2,010 shares of the financial services provider’s stock valued at $358,000 after acquiring an additional 51 shares during the last quarter. Catalyst Financial Partners LLC boosted its position in shares of Capital One Financial by 3.9% in the 4th quarter. Catalyst Financial Partners LLC now owns 1,428 shares of the financial services provider’s stock worth $255,000 after purchasing an additional 54 shares during the last quarter. Gladstone Institutional Advisory LLC grew its stake in shares of Capital One Financial by 3.3% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 1,777 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 56 shares during the period. TFB Advisors LLC increased its holdings in Capital One Financial by 4.1% in the fourth quarter. TFB Advisors LLC now owns 1,488 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 59 shares during the last quarter. Finally, Money Concepts Capital Corp lifted its stake in Capital One Financial by 4.1% in the fourth quarter. Money Concepts Capital Corp now owns 1,565 shares of the financial services provider’s stock valued at $279,000 after buying an additional 61 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Truist Financial decreased their target price on Capital One Financial from $257.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Royal Bank of Canada upped their target price on shares of Capital One Financial from $190.00 to $200.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 22nd. Wells Fargo & Company lifted their price target on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Argus upgraded shares of Capital One Financial to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Citigroup reduced their target price on Capital One Financial from $245.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, March 24th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.63.

Capital One Financial Trading Down 2.7 %

NYSE:COF opened at $173.32 on Friday. 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 twelve month low of $128.23 and a twelve month high of $210.67. The company has a market cap of $66.09 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47. The business has a 50 day moving average price of $190.70 and a two-hundred day moving average price of $177.63.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The firm had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same period in the previous year, the business earned $2.81 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. As a group, analysts expect that Capital One Financial Co. will post 15.65 EPS for the current fiscal 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 issued a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 1.38%. Capital One Financial’s 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.