Commerce Bank Acquires 5,500 Shares of Capital One Financial Co. (NYSE:COF)

Commerce Bank grew its holdings in shares of Capital One Financial Co. (NYSE:COF) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 339,525 shares of the financial services provider’s stock after acquiring an additional 5,500 shares during the quarter. Commerce Bank owned about 0.09% of Capital One Financial worth $60,544,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of COF. Bfsg LLC bought a new stake in Capital One Financial during the fourth quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Capital One Financial during the 4th quarter valued at $27,000. TruNorth Capital Management LLC bought a new stake in shares of Capital One Financial during the 4th quarter worth $29,000. Decker Retirement Planning Inc. purchased a new position in Capital One Financial in the fourth quarter worth $32,000. Finally, SBI Securities Co. Ltd. bought a new position in Capital One Financial in the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

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. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $210.67. The firm has a market cap of $62.09 billion, a P/E ratio of 14.04, a P/E/G ratio of 1.19 and a beta of 1.24. The business’s 50 day moving average price is $178.90 and its 200-day moving average price is $179.28.

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 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 business had revenue of $10.19 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter in the previous year, the business posted $2.81 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities 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 business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Tuesday, February 18th. Capital One Financial’s payout ratio is currently 20.71%.

Wall Street Analysts Forecast Growth

COF has been the subject of a number of research reports. UBS Group upgraded Capital One Financial from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $168.00 to $235.00 in a report on Monday, January 13th. Baird R W raised Capital One Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. Argus raised shares of Capital One Financial to a “strong-buy” rating in a research note on Thursday, January 23rd. Truist Financial cut their price objective on shares of 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, JPMorgan Chase & Co. decreased 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 report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and an average target price 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.