Newbrook Capital Advisors LP Buys Shares of 193,011 Capital One Financial Co. (NYSE:COF)

Newbrook Capital Advisors LP acquired a new stake in Capital One Financial Co. (NYSE:COF) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 193,011 shares of the financial services provider’s stock, valued at approximately $34,418,000. Capital One Financial accounts for 4.4% of Newbrook Capital Advisors LP’s holdings, making the stock its 9th biggest holding. Newbrook Capital Advisors LP owned 0.05% of Capital One Financial as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on COF shares. Royal Bank of Canada set a $190.00 target price on Capital One Financial and gave the stock a “sector perform” rating in a research report on Monday, April 14th. Barclays lifted their price target on Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Hsbc Global Res raised Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Robert W. Baird upgraded Capital One Financial from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $190.00 to $200.00 in a research report on Tuesday, March 11th. Finally, Baird R W raised Capital One Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and an average target price of $207.73.

Capital One Financial Price Performance

NYSE:COF opened at $201.00 on Wednesday. The company has a market capitalization of $77.01 billion, a P/E ratio of 17.34, a P/E/G ratio of 1.19 and a beta of 1.13. Capital One Financial Co. has a 12 month low of $128.23 and a 12 month high of $210.67. The business’s 50-day moving average is $173.90 and its 200 day moving average is $183.12. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.75 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.07 billion. On average, equities research analysts forecast that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Friday, May 23rd. Capital One Financial’s dividend payout ratio is currently 20.15%.

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.