Strategic Financial Concepts LLC Buys New Holdings in Capital One Financial Co. (NYSE:COF)

Strategic Financial Concepts LLC purchased a new position in shares of Capital One Financial Co. (NYSE:COF) in the fourth quarter, Holdings Channel reports. The fund purchased 35,486 shares of the financial services provider’s stock, valued at approximately $6,328,000.

Several other large investors have also made changes to their positions in the business. Creative Planning lifted its holdings in shares of Capital One Financial by 7.2% in the 3rd quarter. Creative Planning now owns 52,492 shares of the financial services provider’s stock valued at $7,860,000 after buying an additional 3,507 shares during the period. Vontobel Holding Ltd. grew its position in shares of Capital One Financial by 3.6% during the 3rd quarter. Vontobel Holding Ltd. now owns 16,299 shares of the financial services provider’s stock valued at $2,440,000 after acquiring an additional 562 shares during the period. nVerses Capital LLC purchased a new position in shares of Capital One Financial during the 3rd quarter valued at approximately $90,000. Global Retirement Partners LLC increased its holdings in Capital One Financial by 5.1% in the 3rd quarter. Global Retirement Partners LLC now owns 2,804 shares of the financial services provider’s stock worth $420,000 after acquiring an additional 136 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Capital One Financial by 1.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 44,168 shares of the financial services provider’s stock valued at $6,613,000 after purchasing an additional 836 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $202.25 on Friday. Capital One Financial Co. has a 12 month low of $128.23 and a 12 month high of $208.63. The firm has a market capitalization of $77.10 billion, a P/E ratio of 17.45, a P/E/G ratio of 1.26 and a beta of 1.47. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. The company’s fifty day moving average price is $189.51 and its 200 day moving average price is $168.35.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.31. The business had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.81 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.19%. Capital One Financial’s payout ratio is 20.71%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Hsbc Global Res upgraded Capital One Financial from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 14th. Argus raised Capital One Financial to a “strong-buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. increased their target price on shares of Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday, December 9th. The Goldman Sachs Group lifted their price objective on Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, HSBC upgraded shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price target on the stock in a research note on Tuesday, January 14th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $196.31.

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.