Intact Investment Management Inc. Grows Position in Capital One Financial Co. (NYSE:COF)

Intact Investment Management Inc. boosted its stake in Capital One Financial Co. (NYSE:COF) by 69.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,800 shares of the financial services provider’s stock after purchasing an additional 1,960 shares during the quarter. Intact Investment Management Inc.’s holdings in Capital One Financial were worth $856,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of COF. Egerton Capital UK LLP purchased a new stake in Capital One Financial during the fourth quarter worth approximately $279,159,000. FMR LLC grew its stake in Capital One Financial by 21.4% during the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock worth $994,350,000 after buying an additional 1,169,395 shares during the period. International Assets Investment Management LLC purchased a new stake in Capital One Financial during the fourth quarter worth approximately $130,683,000. Wellington Management Group LLP grew 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 during the period. Finally, Southpoint Capital Advisors LP purchased a new stake in Capital One Financial during the third quarter worth approximately $104,811,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on COF shares. Barclays boosted their price objective on shares of Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Bank of America raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $207.00 to $235.00 in a research report on Wednesday, February 19th. HSBC raised shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 target price on the stock in a research report on Tuesday, January 14th. Hsbc Global Res raised shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Baird R W raised shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $206.67.

Capital One Financial Stock Up 3.6 %

COF stock opened at $172.06 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. Capital One Financial Co. has a 1-year low of $128.23 and a 1-year high of $210.67. The firm has a fifty day moving average price of $192.37 and a two-hundred day moving average price of $175.42. The firm has a market cap of $65.61 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 1.19 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 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The firm had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the previous year, the firm earned $2.81 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. Research analysts predict that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 annualized dividend and a dividend yield of 1.39%. 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.