abrdn plc Acquires 75,019 Shares of Capital One Financial Co. (NYSE:COF)

abrdn plc boosted its holdings in Capital One Financial Co. (NYSE:COF) by 80.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 168,587 shares of the financial services provider’s stock after acquiring an additional 75,019 shares during the period. abrdn plc’s holdings in Capital One Financial were worth $22,105,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Householder Group Estate & Retirement Specialist LLC raised its stake in Capital One Financial by 1,658.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 211 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 199 shares during the period. Bartlett & Co. LLC increased its position in Capital One Financial by 726.7% during the 4th quarter. Bartlett & Co. LLC now owns 248 shares of the financial services provider’s stock worth $33,000 after buying an additional 218 shares during the period. Sound Income Strategies LLC increased its position in Capital One Financial by 109.4% during the 4th quarter. Sound Income Strategies LLC now owns 266 shares of the financial services provider’s stock worth $35,000 after buying an additional 139 shares during the period. MV Capital Management Inc. increased its position in Capital One Financial by 43.9% during the 4th quarter. MV Capital Management Inc. now owns 344 shares of the financial services provider’s stock worth $45,000 after buying an additional 105 shares during the period. Finally, Venturi Wealth Management LLC increased its position in Capital One Financial by 66.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 393 shares of the financial services provider’s stock worth $38,000 after buying an additional 157 shares during the period. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

Shares of COF opened at $147.89 on Wednesday. Capital One Financial Co. has a 1 year low of $83.93 and a 1 year high of $149.94. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $56.25 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48. The business has a 50-day moving average of $139.82 and a 200-day moving average of $125.28.

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

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 12th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.62%. Capital One Financial’s dividend payout ratio (DPR) is 20.08%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Piper Sandler increased their price objective on Capital One Financial from $126.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. Barclays increased their price objective on Capital One Financial from $114.00 to $154.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Robert W. Baird cut Capital One Financial from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $150.00 to $145.00 in a research report on Monday, January 8th. Wells Fargo & Company increased their price objective on Capital One Financial from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. increased their target price on Capital One Financial from $134.00 to $152.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $137.05.

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.