Elk River Wealth Management LLC Purchases New Position in Capital One Financial Co. (NYSE:COF)

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

A number of other institutional investors also recently modified their holdings of the business. Procyon Advisors LLC lifted its stake in Capital One Financial by 5.3% in the 4th quarter. Procyon Advisors LLC now owns 14,485 shares of the financial services provider’s stock worth $1,899,000 after purchasing an additional 730 shares in the last quarter. Planned Solutions Inc. purchased a new stake in Capital One Financial in the 4th quarter worth approximately $89,000. RNC Capital Management LLC lifted its stake in Capital One Financial by 6.8% in the 4th quarter. RNC Capital Management LLC now owns 290,425 shares of the financial services provider’s stock worth $38,081,000 after purchasing an additional 18,480 shares in the last quarter. Heartwood Wealth Advisors LLC purchased a new stake in Capital One Financial in the 4th quarter worth approximately $223,000. Finally, Assenagon Asset Management S.A. lifted its stake in Capital One Financial by 1,058.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 202,881 shares of the financial services provider’s stock worth $26,602,000 after purchasing an additional 185,370 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Trading Up 1.6 %

Shares of COF traded up $2.28 during trading hours on Wednesday, reaching $143.11. 1,579,829 shares of the company traded hands, compared to its average volume of 2,764,543. The company’s fifty day moving average price is $135.74 and its two-hundred day moving average price is $118.66. The company has a market capitalization of $54.44 billion, a price-to-earnings ratio of 11.90, a price-to-earnings-growth ratio of 1.21 and a beta of 1.47. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.85. Capital One Financial Co. has a 12 month low of $83.93 and a 12 month high of $143.99.

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

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 12th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.68%. The ex-dividend date was Friday, February 9th. Capital One Financial’s payout ratio is currently 20.08%.

Analysts Set New Price Targets

Several analysts have recently weighed in on COF shares. Robert W. Baird cut shares of Capital One Financial from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $150.00 to $145.00 in a research report on Monday, January 8th. BMO Capital Markets raised their price objective on shares of Capital One Financial from $124.00 to $125.00 and gave the company a “market perform” rating in a research report on Monday, January 29th. The Goldman Sachs Group raised their price objective on shares of Capital One Financial from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, December 18th. Morgan Stanley upgraded shares of Capital One Financial from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $87.00 to $120.00 in a research report on Wednesday, December 13th. Finally, Barclays raised their price objective on shares of Capital One Financial from $114.00 to $154.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $130.90.

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.