Convergence Financial LLC Has $441,000 Stock Position in Capital One Financial Co. (NYSE:COF)

Convergence Financial LLC lifted its holdings in Capital One Financial Co. (NYSE:COF) by 4.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,473 shares of the financial services provider’s stock after acquiring an additional 112 shares during the period. Convergence Financial LLC’s holdings in Capital One Financial were worth $441,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of COF. Bfsg LLC bought a new position in shares of Capital One Financial during the fourth quarter worth approximately $27,000. TruNorth Capital Management LLC bought a new position in Capital One Financial during the 4th quarter worth $29,000. Decker Retirement Planning Inc. acquired a new position in Capital One Financial in the 4th quarter valued at $32,000. Catalyst Capital Advisors LLC bought a new stake in shares of Capital One Financial during the 3rd quarter valued at $36,000. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of Capital One Financial by 135.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 166 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $196.54 on Thursday. The stock has a market cap of $74.95 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 1.19 and a beta of 1.47. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. Capital One Financial Co. has a twelve month low of $128.23 and a twelve month high of $210.67. The company’s fifty day moving average is $192.45 and its 200 day moving average is $172.06.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (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 company had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same period last year, the company earned $2.81 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. Sell-side analysts forecast that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Tuesday, February 18th. Capital One Financial’s dividend payout ratio (DPR) is presently 20.71%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on COF shares. Wells Fargo & Company upped their price objective on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Truist Financial increased their price target on shares of Capital One Financial from $229.00 to $257.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. UBS Group upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $168.00 to $235.00 in a research report on Monday, January 13th. Hsbc Global Res raised Capital One Financial from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, The Goldman Sachs Group upped their price objective on Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $202.27.

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.