Sound Income Strategies LLC Grows Stake in Capital One Financial Co. (NYSE:COF)

Sound Income Strategies LLC lifted its position in Capital One Financial Co. (NYSE:COF) by 109.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 266 shares of the financial services provider’s stock after buying an additional 139 shares during the period. Sound Income Strategies LLC’s holdings in Capital One Financial were worth $35,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. State Street Corp lifted its position in Capital One Financial by 1.0% during the second quarter. State Street Corp now owns 16,255,490 shares of the financial services provider’s stock valued at $1,777,863,000 after purchasing an additional 161,609 shares in the last quarter. Berkshire Hathaway Inc lifted its position in shares of Capital One Financial by 25.7% in the second quarter. Berkshire Hathaway Inc now owns 12,471,030 shares of the financial services provider’s stock valued at $1,363,957,000 after acquiring an additional 2,549,030 shares in the last quarter. Capital Research Global Investors purchased a new position in shares of Capital One Financial in the second quarter valued at about $874,947,000. Pzena Investment Management LLC lifted its position in shares of Capital One Financial by 8.3% in the third quarter. Pzena Investment Management LLC now owns 7,626,988 shares of the financial services provider’s stock valued at $740,199,000 after acquiring an additional 585,797 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Capital One Financial by 2.0% in the second quarter. Geode Capital Management LLC now owns 6,972,478 shares of the financial services provider’s stock valued at $760,601,000 after acquiring an additional 134,252 shares in the last quarter. 90.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on COF shares. Barclays boosted their price objective on 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. Wells Fargo & Company boosted their price objective on Capital One Financial from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Monday, December 4th. BMO Capital Markets boosted their price objective on 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. UBS Group lifted their target price on Capital One Financial from $132.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th. Finally, Citigroup lifted their target price on Capital One Financial from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Capital One Financial currently has an average rating of “Hold” and an average target price of $129.42.

Get Our Latest Stock Analysis on COF

Capital One Financial Trading Up 3.6 %

COF opened at $141.77 on Thursday. The stock has a market cap of $53.90 billion, a price-to-earnings ratio of 11.86, a P/E/G ratio of 1.18 and a beta of 1.47. The stock’s 50 day moving average price is $134.66 and its 200-day moving average price is $117.53. Capital One Financial Co. has a one year low of $83.93 and a one year high of $141.80. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.01 and a current ratio of 1.01.

Capital One Financial (NYSE:COFGet Free Report) last released its earnings results on Thursday, January 25th. The financial services provider reported $2.24 EPS for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.26). The business 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%. On average, equities analysts forecast that Capital One Financial Co. will post 13.82 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 12th were paid a $0.60 dividend. The ex-dividend date was Friday, February 9th. This represents a $2.40 annualized dividend and a yield of 1.69%. Capital One Financial’s dividend payout ratio (DPR) is currently 20.08%.

Capital One Financial Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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