Verdence Capital Advisors LLC Increases Position in Capital One Financial Co. (NYSE:COF)

Verdence Capital Advisors LLC grew its holdings in Capital One Financial Co. (NYSE:COF) by 6.4% during the fourth quarter, HoldingsChannel reports. The firm owned 5,242 shares of the financial services provider’s stock after acquiring an additional 313 shares during the period. Verdence Capital Advisors LLC’s holdings in Capital One Financial were worth $687,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in Capital One Financial during the fourth quarter worth $318,480,000. First Trust Advisors LP raised its holdings in shares of Capital One Financial by 603.3% during the 1st quarter. First Trust Advisors LP now owns 1,731,554 shares of the financial services provider’s stock worth $227,336,000 after acquiring an additional 1,485,339 shares during the period. Pzena Investment Management LLC boosted its position in shares of Capital One Financial by 8.3% during the 3rd 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 during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Capital One Financial by 38.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,341,798 shares of the financial services provider’s stock valued at $124,734,000 after purchasing an additional 369,649 shares during the period. Finally, Morgan Stanley increased its position in Capital One Financial by 10.6% during the fourth quarter. Morgan Stanley now owns 3,785,441 shares of the financial services provider’s stock worth $351,895,000 after purchasing an additional 362,071 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on COF. Wells Fargo & Company boosted their target price on shares of Capital One Financial from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Wolfe Research upgraded Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price objective for the company in a research report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft began coverage on Capital One Financial in a research report on Wednesday, January 10th. They issued a “hold” rating and a $153.00 target price on the stock. UBS Group upped their price target on Capital One Financial from $132.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Finally, BMO Capital Markets raised their price objective on Capital One Financial from $124.00 to $125.00 and gave the stock a “market perform” rating in a research report on Monday, January 29th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Capital One Financial presently has an average rating of “Hold” and a consensus target price of $137.05.

Capital One Financial Stock Up 0.9 %

Shares of NYSE COF opened at $142.91 on Monday. Capital One Financial Co. has a 12-month low of $83.93 and a 12-month high of $149.27. The stock has a market cap of $54.36 billion, a P/E ratio of 11.96, a PEG ratio of 1.02 and a beta of 1.48. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.85. The business’s fifty day simple moving average is $139.34 and its 200-day simple moving average is $124.51.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $2.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.50 by ($0.26). Capital One Financial had a net margin of 9.88% and a return on equity of 9.24%. The company had revenue of $9.51 billion during the quarter, compared to analysts’ expectations of $9.45 billion. As a group, equities analysts predict that Capital One Financial Co. will post 13.84 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 12th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.68%. The ex-dividend date was Friday, February 9th. Capital One Financial’s dividend payout ratio (DPR) is presently 20.08%.

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.