Advisors Capital Management LLC Makes New Investment in Capital One Financial Co. (NYSE:COF)

Advisors Capital Management LLC acquired a new stake in shares of Capital One Financial Co. (NYSE:COF) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,290 shares of the financial services provider’s stock, valued at approximately $230,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Capital One Financial in the fourth quarter worth about $590,279,000. Egerton Capital UK LLP acquired a new position in Capital One Financial in the fourth quarter worth approximately $279,159,000. FMR LLC lifted its position in shares of Capital One Financial by 21.6% during the 4th quarter. FMR LLC now owns 8,077,886 shares of the financial services provider’s stock valued at $1,440,449,000 after acquiring an additional 1,436,935 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Capital One Financial by 38.7% in the 4th quarter. Invesco Ltd. now owns 4,117,444 shares of the financial services provider’s stock worth $734,223,000 after acquiring an additional 1,148,443 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Capital One Financial during the fourth quarter valued at $130,683,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Price Performance

Shares of COF opened at $163.56 on Wednesday. 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 $62.39 billion, a PE ratio of 14.11, a PEG ratio of 1.19 and a beta of 1.24. The firm’s 50 day moving average price is $180.48 and its 200 day moving average price is $179.33. Capital One Financial Co. has a twelve month low of $128.23 and a twelve month high of $210.67.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.31. The business had revenue of $10.19 billion for the quarter, compared to the consensus estimate of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. Capital One Financial’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 annualized dividend and a dividend yield of 1.47%. Capital One Financial’s dividend payout ratio (DPR) is presently 20.71%.

Analyst Upgrades and Downgrades

A number of research firms have commented on COF. Hsbc Global Res raised shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. cut their target price on shares of 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. Robert W. Baird upgraded Capital One Financial from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $190.00 to $200.00 in a report on Tuesday, March 11th. Evercore ISI raised Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 price target on the stock in a research report on Wednesday, March 12th. Finally, Royal Bank of Canada raised their price objective 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. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus price target of $206.73.

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.