QRG Capital Management Inc. Boosts Holdings in Capital One Financial Co. (NYSE:COF)

QRG Capital Management Inc. lifted its stake in Capital One Financial Co. (NYSE:COF) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 131,667 shares of the financial services provider’s stock after purchasing an additional 6,400 shares during the period. QRG Capital Management Inc.’s holdings in Capital One Financial were worth $23,479,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of COF. Private Advisor Group LLC lifted its position in Capital One Financial by 10.4% during the 3rd quarter. Private Advisor Group LLC now owns 8,601 shares of the financial services provider’s stock valued at $1,288,000 after acquiring an additional 808 shares during the period. Arkadios Wealth Advisors lifted its position in Capital One Financial by 3.9% during the 3rd quarter. Arkadios Wealth Advisors now owns 1,780 shares of the financial services provider’s stock valued at $266,000 after acquiring an additional 66 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Capital One Financial by 7.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 23,004 shares of the financial services provider’s stock valued at $3,444,000 after acquiring an additional 1,564 shares during the period. Nisa Investment Advisors LLC lifted its position in Capital One Financial by 5.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 153,631 shares of the financial services provider’s stock valued at $23,003,000 after acquiring an additional 7,390 shares during the period. Finally, Pallas Capital Advisors LLC purchased a new position in Capital One Financial during the 3rd quarter valued at about $336,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Stock Performance

Shares of NYSE COF opened at $196.54 on Thursday. The firm has a 50 day moving average of $192.45 and a 200 day moving average of $172.06. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $74.95 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47. Capital One Financial Co. has a 12-month low of $128.23 and a 12-month high of $210.67.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.31. The company had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.81 earnings per share. On average, research analysts anticipate that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 1.22%. Capital One Financial’s dividend payout ratio (DPR) is 20.71%.

Analyst Ratings Changes

A number of brokerages recently issued reports on COF. HSBC raised shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price target for the company in a research report on Tuesday, January 14th. Evercore ISI raised their price objective on shares of Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. UBS Group upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and raised their price objective for the company from $168.00 to $235.00 in a research note on Monday, January 13th. Keefe, Bruyette & Woods raised their price objective on shares of Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Finally, Royal Bank of Canada raised their price objective on shares of Capital One Financial from $190.00 to $200.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 22nd. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $202.27.

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.