Scotia Capital Inc. Buys Shares of 7,512 Capital One Financial Co. (NYSE:COF)

Scotia Capital Inc. bought a new position in Capital One Financial Co. (NYSE:COF) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,512 shares of the financial services provider’s stock, valued at approximately $1,340,000.

Several other hedge funds also recently modified their holdings of the business. Barclays PLC increased its position in Capital One Financial by 2.9% during the third quarter. Barclays PLC now owns 1,042,273 shares of the financial services provider’s stock worth $156,058,000 after buying an additional 29,416 shares during the last quarter. M&T Bank Corp increased its holdings in shares of Capital One Financial by 0.5% during the 3rd quarter. M&T Bank Corp now owns 128,304 shares of the financial services provider’s stock valued at $19,211,000 after acquiring an additional 620 shares during the last quarter. Stock Yards Bank & Trust Co. raised its stake in shares of Capital One Financial by 4.1% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 2,130 shares of the financial services provider’s stock valued at $319,000 after acquiring an additional 83 shares in the last quarter. Arvest Bank Trust Division acquired a new stake in Capital One Financial in the 3rd quarter worth approximately $8,310,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Capital One Financial during the third quarter worth approximately $619,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on COF shares. Baird R W raised shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. Hsbc Global Res upgraded shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their price objective on Capital One Financial from $198.00 to $170.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Truist Financial decreased their target price on Capital One Financial from $257.00 to $215.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Finally, Robert W. Baird raised Capital One Financial from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $190.00 to $200.00 in a research report on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $206.73.

Capital One Financial Price Performance

Shares of Capital One Financial stock opened at $161.00 on Monday. Capital One Financial Co. has a twelve month low of $128.23 and a twelve month high of $210.67. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $61.42 billion, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 1.19 and a beta of 1.24. The firm’s 50-day simple moving average is $182.18 and its 200-day simple moving average is $179.34.

Capital One Financial (NYSE:COF) last released its quarterly earnings data 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. The company had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.81 EPS. As a group, research analysts expect that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a $0.60 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 annualized dividend and a dividend yield of 1.49%. Capital One Financial’s dividend payout ratio is presently 20.71%.

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.