Phoenix Financial Ltd. Acquires New Shares in Capital One Financial Co. (NYSE:COF)

Phoenix Financial Ltd. acquired a new stake in Capital One Financial Co. (NYSE:COF) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 37,983 shares of the financial services provider’s stock, valued at approximately $6,773,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in Capital One Financial by 4.3% in the third quarter. Principal Financial Group Inc. now owns 430,654 shares of the financial services provider’s stock valued at $64,482,000 after purchasing an additional 17,825 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Capital One Financial by 4.5% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,174 shares of the financial services provider’s stock valued at $8,234,000 after acquiring an additional 2,006 shares during the period. Geode Capital Management LLC grew its stake in Capital One Financial by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider’s stock valued at $1,467,393,000 after acquiring an additional 207,427 shares during the period. Artemis Investment Management LLP acquired a new position in Capital One Financial in the fourth quarter valued at about $46,915,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Capital One Financial by 9.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 250,696 shares of the financial services provider’s stock valued at $44,704,000 after acquiring an additional 22,063 shares during the period. Institutional investors own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on COF shares. Argus upgraded Capital One Financial to a “strong-buy” rating in a report on Thursday, January 23rd. Royal Bank of Canada raised their price objective on Capital One Financial from $190.00 to $200.00 and gave the company a “sector perform” rating in a report on Wednesday, January 22nd. BTIG Research raised Capital One Financial from a “neutral” rating to a “buy” rating and set a $208.00 target price for the company in a research report on Tuesday, March 25th. Bank of America upgraded Capital One Financial from a “neutral” rating to a “buy” rating and raised their target price for the company from $207.00 to $235.00 in a research note on Wednesday, February 19th. Finally, Truist Financial cut their target price on Capital One Financial from $257.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Capital One Financial presently has an average rating of “Moderate Buy” and an average price target of $206.73.

Capital One Financial Stock Up 15.1 %

NYSE COF opened at $175.41 on Thursday. 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 $210.67. The business’s 50-day moving average is $183.73 and its 200 day moving average is $178.92. The stock has a market capitalization of $66.92 billion, a PE ratio of 15.13, a PEG ratio of 1.19 and a beta of 1.24.

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

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s dividend payout ratio (DPR) 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.