Partners in Financial Planning Invests $269,000 in Capital One Financial Co. (NYSE:COF)

Partners in Financial Planning bought a new position in shares of Capital One Financial Co. (NYSE:COF) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,511 shares of the financial services provider’s stock, valued at approximately $269,000.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Capital One Financial by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 31,744,818 shares of the financial services provider’s stock worth $5,660,736,000 after buying an additional 234,863 shares during the period. State Street Corp increased its position in shares of Capital One Financial by 0.5% in the third quarter. State Street Corp now owns 16,506,861 shares of the financial services provider’s stock worth $2,471,572,000 after acquiring an additional 74,784 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Capital One Financial by 2.8% during the third quarter. Franklin Resources Inc. now owns 10,387,265 shares of the financial services provider’s stock valued at $1,649,488,000 after acquiring an additional 280,462 shares during the period. Geode Capital Management LLC boosted its stake in Capital One Financial by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 8,020,160 shares of the financial services provider’s stock worth $1,198,664,000 after purchasing an additional 159,616 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Capital One Financial by 8.2% during the 4th quarter. Bank of New York Mellon Corp now owns 4,010,648 shares of the financial services provider’s stock worth $715,179,000 after purchasing an additional 304,833 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

COF has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a report on Monday, December 9th. Truist Financial lowered their target price on Capital One Financial from $257.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Argus raised shares of Capital One Financial to a “strong-buy” rating in a research report on Thursday, January 23rd. Evercore ISI raised shares of Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 price objective on the stock in a research report on Wednesday, March 12th. Finally, Royal Bank of Canada increased their target price on shares of Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 22nd. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus price target of $206.63.

Capital One Financial Price Performance

NYSE COF opened at $173.32 on Monday. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $210.67. The company has a fifty day simple moving average of $190.70 and a 200 day simple moving average of $177.92. 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 company has a market cap of $66.09 billion, a P/E ratio of 14.95, a P/E/G ratio of 1.19 and a beta of 1.47.

Capital One Financial (NYSE:COF) last posted 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. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The business 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 company posted $2.81 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, sell-side analysts predict that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a $0.60 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 annualized dividend and a dividend yield of 1.38%. Capital One Financial’s payout ratio is 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.