Resona Asset Management Co. Ltd. Invests $20.77 Million in Capital One Financial Co. (NYSE:COF)

Resona Asset Management Co. Ltd. bought a new stake in Capital One Financial Co. (NYSE:COF) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 116,277 shares of the financial services provider’s stock, valued at approximately $20,767,000.

A number of other large investors also recently added to or reduced their stakes in the company. Norden Group LLC lifted its stake in Capital One Financial by 2.6% during the 4th quarter. Norden Group LLC now owns 2,010 shares of the financial services provider’s stock worth $358,000 after acquiring an additional 51 shares in the last quarter. Catalyst Financial Partners LLC lifted its position in shares of Capital One Financial by 3.9% during the fourth 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 in the last quarter. Gladstone Institutional Advisory LLC boosted its stake in shares of Capital One Financial by 3.3% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 1,777 shares of the financial services provider’s stock valued at $317,000 after purchasing an additional 56 shares during the period. TFB Advisors LLC grew its holdings in shares of 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 in the last quarter. Finally, Family Legacy Inc. lifted its holdings in Capital One Financial by 0.8% during the 4th quarter. Family Legacy Inc. now owns 7,980 shares of the financial services provider’s stock worth $1,438,000 after buying an additional 60 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

Shares of COF stock opened at $150.19 on Friday. The stock’s 50-day moving average is $187.92 and its two-hundred day moving average is $178.72. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $210.67. The firm has a market cap of $57.29 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 1.19 and a beta of 1.24.

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

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 annualized dividend and a dividend yield of 1.60%. Capital One Financial’s dividend payout ratio (DPR) is 20.71%.

Analyst Upgrades and Downgrades

COF has been the topic of a number of recent research reports. BTIG Research raised Capital One Financial from a “neutral” rating to a “buy” rating and set a $208.00 price objective on the stock in a research report on Tuesday, March 25th. Barclays increased their price target on Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. boosted their price objective on Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. UBS Group raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and raised their target price for the company from $168.00 to $235.00 in a report on Monday, January 13th. Finally, Baird R W upgraded shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $207.80.

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.