Kingsview Wealth Management LLC Has $1.48 Million Position in Capital One Financial Co. (NYSE:COF)

Kingsview Wealth Management LLC increased its position in shares of Capital One Financial Co. (NYSE:COF) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,288 shares of the financial services provider’s stock after buying an additional 424 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Capital One Financial were worth $1,478,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Capital One Financial by 21.4% during the 3rd quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock worth $994,350,000 after purchasing an additional 1,169,395 shares in the last quarter. International Assets Investment Management LLC bought a new position in Capital One Financial in the fourth quarter worth $130,683,000. Wellington Management Group LLP boosted its stake in Capital One Financial by 268.7% during the third quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock worth $146,052,000 after buying an additional 710,881 shares in the last quarter. Southpoint Capital Advisors LP bought a new stake in Capital One Financial in the 3rd quarter valued at $104,811,000. Finally, KBC Group NV raised its stake in shares of Capital One Financial by 282.2% in the 4th quarter. KBC Group NV now owns 623,470 shares of the financial services provider’s stock valued at $111,177,000 after buying an additional 460,339 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on COF shares. The Goldman Sachs Group lifted their target price on shares of Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Robert W. Baird upped their price objective on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Royal Bank of Canada raised their target price on Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 22nd. Truist Financial boosted their price target on Capital One Financial from $229.00 to $257.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods increased their price objective on Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Capital One Financial currently has an average rating of “Moderate Buy” and an average target price of $196.31.

Capital One Financial Price Performance

COF opened at $198.67 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. The company’s 50 day simple moving average is $188.30 and its 200-day simple moving average is $166.87. Capital One Financial Co. has a one year low of $128.23 and a one year high of $208.63. The stock has a market capitalization of $75.74 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 1.26 and a beta of 1.47.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $10.22 billion. During the same period last year, the firm earned $2.81 EPS. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. Sell-side analysts anticipate that Capital One Financial Co. will post 15.41 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.60 per share. The ex-dividend date is Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 1.21%. Capital One Financial’s dividend payout ratio is currently 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.