Callodine Capital Management LP Invests $8.92 Million in Capital One Financial Co. (NYSE:COF)

Callodine Capital Management LP purchased a new stake in shares of Capital One Financial Co. (NYSE:COF) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 50,000 shares of the financial services provider’s stock, valued at approximately $8,916,000. Capital One Financial makes up about 1.8% of Callodine Capital Management LP’s portfolio, making the stock its 21st largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Capital International Sarl raised its position in Capital One Financial by 3.2% in the 4th quarter. Capital International Sarl now owns 4,871 shares of the financial services provider’s stock worth $869,000 after buying an additional 153 shares during the last quarter. Farringdon Capital Ltd. bought a new stake in shares of Capital One Financial in the fourth quarter worth approximately $372,000. Marshall Wace LLP raised its holdings in shares of Capital One Financial by 376.1% during the fourth quarter. Marshall Wace LLP now owns 1,238,883 shares of the financial services provider’s stock valued at $220,918,000 after purchasing an additional 978,670 shares during the last quarter. NewEdge Advisors LLC lifted its position in Capital One Financial by 42.3% during the fourth quarter. NewEdge Advisors LLC now owns 10,202 shares of the financial services provider’s stock valued at $1,819,000 after purchasing an additional 3,031 shares during the period. Finally, Ceredex Value Advisors LLC grew its position in Capital One Financial by 28.2% in the 4th quarter. Ceredex Value Advisors LLC now owns 494,284 shares of the financial services provider’s stock worth $88,141,000 after purchasing an additional 108,634 shares during the period. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Trading Up 1.7 %

Shares of COF stock opened at $162.77 on Friday. 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 stock has a fifty day simple moving average of $178.90 and a two-hundred day simple moving average of $179.28. The firm has a market capitalization of $62.09 billion, a PE ratio of 14.04, a PEG ratio of 1.19 and a beta of 1.24. Capital One Financial Co. has a 52-week low of $128.23 and a 52-week high of $210.67.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter last year, the business posted $2.81 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. On average, analysts predict that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed 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. This represents a $2.40 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Tuesday, February 18th. Capital One Financial’s payout ratio is currently 20.71%.

Analysts Set New Price Targets

Several research firms have recently weighed in on COF. HSBC raised Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price target on the stock in a report on Tuesday, January 14th. Wells Fargo & Company boosted their price target on Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. BTIG Research raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and set a $208.00 price target for the company in a research report on Tuesday, March 25th. JPMorgan Chase & Co. dropped their price objective on shares of Capital One Financial from $198.00 to $170.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Finally, Hsbc Global Res raised shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus price target of $206.07.

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.