Summit Trail Advisors LLC Acquires 1,603 Shares of Capital One Financial Co. (NYSE:COF)

Summit Trail Advisors LLC raised its holdings in Capital One Financial Co. (NYSE:COF) by 61.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,194 shares of the financial services provider’s stock after purchasing an additional 1,603 shares during the period. Summit Trail Advisors LLC’s holdings in Capital One Financial were worth $748,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of COF. Money Concepts Capital Corp grew its stake in Capital One Financial by 4.1% in the 4th 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 in the last quarter. Grove Bank & Trust grew its position in shares of Capital One Financial by 7.0% in the fourth quarter. Grove Bank & Trust now owns 973 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 64 shares in the last quarter. Cerro Pacific Wealth Advisors LLC raised its stake in shares of Capital One Financial by 1.1% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 5,861 shares of the financial services provider’s stock valued at $1,045,000 after purchasing an additional 64 shares during the period. Prossimo Advisors LLC lifted its holdings in Capital One Financial by 2.4% during the 3rd quarter. Prossimo Advisors LLC now owns 2,735 shares of the financial services provider’s stock worth $410,000 after purchasing an additional 65 shares in the last quarter. Finally, City Holding Co. boosted its stake in Capital One Financial by 1.3% in the 4th quarter. City Holding Co. now owns 5,010 shares of the financial services provider’s stock worth $893,000 after purchasing an additional 65 shares during the period. Institutional investors own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on COF shares. UBS Group upgraded Capital One Financial from a “neutral” rating to a “buy” rating and upped their price target for the company from $168.00 to $235.00 in a research report on Monday, January 13th. Robert W. Baird upped their target price on shares of Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Bank of America downgraded shares of Capital One Financial from a “buy” rating to a “neutral” rating and cut their price target for the company from $203.00 to $200.00 in a report on Monday, December 9th. Argus raised shares of Capital One Financial to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, HSBC upgraded Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price objective on the stock in a research report on Tuesday, January 14th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus price target of $196.31.

Capital One Financial Stock Performance

NYSE:COF opened at $199.32 on Wednesday. The company has a market capitalization of $75.99 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 1.26 and a beta of 1.47. The business has a 50 day moving average of $188.53 and a 200 day moving average of $167.22. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. Capital One Financial Co. has a 1-year low of $128.23 and a 1-year high of $208.63.

Capital One Financial (NYSE:COF) last posted 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. 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 the consensus estimate of $10.22 billion. During the same period last year, the firm posted $2.81 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. On average, sell-side analysts predict that Capital One Financial Co. will post 15.41 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 1.20%. 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.